Articles
Insurance
Azur, a managing digital agent (MGA), has completed its series B funding round, raising £13.3m of funding and support from AIG, Ascot Group (owned by CPPIB, the Canada Pension Plan Investment Board), Hyperion Insurance Group and the serial fintech angel and entrepreneur Richard Little. 23 October 2018
Insurance
Broker Brown & Brown is acquiring the insurance operations of Minneapolis-based Hays Companies, a brokerage firm that operates across 21 US states. 23 October 2018
News
Reinsurers have stopped worrying about the elongated soft market and are now more inclined to improve their performance in other ways. A panel discussed these trends at a roundtable in Baden-Baden, hosted by Intelligent Insurer and sponsored by S&P Global Ratings. 23 October 2018
Insurance
Rising interest rates won’t, on their own, improve reinsurers’ operational earnings, and that they will is a common myth that needs to be dispelled—or at least better understood—by the industry, Stuart Shipperlee, head of analysis at Litmus Analysis, told Baden-Baden Today. 22 October 2018
Insurance
Charles Taylor Managing Agency has placed Syndicate 1884, which is managed by the business, into run-off. 18 October 2018
Insurance
Marine mutual insurers The Strike Club and The Standard Club are combining their businesses in a move intended to improve the synergies, efficiencies and cost savings in governance, management, underwriting and reinsurance for both the organisations. 15 October 2018
Insurance
Deal values across property/casualty (P&C) and life insurance are expected to more than double in 2018, marking the second-busiest year since 2005, according to S&P Global Market Intelligence. 9 October 2018
Insurance
Outgoing Lloyd’s CEO Inga Beale has received sexist and homophobic abuse when she became the first female CEO of Lloyd’s of London, according to The Times. 8 October 2018
Insurance
Tropical storm Michael is expected to become a hurricane and carry strong winds and rain to Cuba, Florida and southern Georgia, according to the National Hurricane Center (NHC). 8 October 2018
Insurance
Following an in-depth business and financial review, S&P Global Ratings believes Marsh&McLennan (MMC) will likely be committed to and able to de-lever back to a range appropriate for the firm’s current rating despite a very significant increase in debt to fund its acquisition of insurance broker JLT. 8 October 2018
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