Articles

Insurance

Gallagher hires Marsh duo to expand trade credit & surety practice

Broker Gallagher has bolstered its Manchester-based team with two experienced specialists from Marsh to build out its footprint in the north of the UK.   26 July 2018

Insurance

Beazley forms new consortium at Lloyd’s to up capacity for wage & hour risks

Specialist insurer Beazley has launched a new consortium at Lloyd’s of London to provide increased capacity for US wage & hour risks.   26 July 2018

Insurance

MGAs optimistic about growth potential

Managing general agents (MGA) showed optimism about the sector’s growth potential in the latest MGAA Matters survey conducted by the Managing General Agents’ Association (MGAA) with over 57 percent saying they expected the number of specialist and niche MGAs would increase.   18 July 2018

Insurance

Advent syndicate gets downgraded due to Brit transfer deal

Syndicate Research (SRL) has downgraded the B-^ (Below Average), stable outlook, Continuity Opinion of Lloyd's syndicate 780 (Advent Underwriting) to C+^ (Below Average).   17 July 2018

Insurance

Buberl introduces AXA XL brand

Upon closing of the acquisition of the XL Group, the AXA XL-branded unit will combine the group’s P&C commercial lines and specialty risks, AXA CEO Thomas Buberl said in a blog.   11 July 2018

Insurance

Mitsui Sumitomo bolsters Africa network with strategic alliance

Mitsui Sumitomo Insurance Company Europe (MSIEU), a wholly owned subsidiary of MSI, has concluded strategic alliance agreements with ICEA LION General Insurance Company in Kenya, and International Commercial and Engineering Seguros (ICE) in Mozambique.   4 July 2018

Insurance

Brit swoops for Navigators to grow US casualty unit

Specialty re/insurer Brit has appointed Mark Richards as senior vice president, general liability for Brit Global Specialty USA (BGSU). He joins from Navigators Group.   2 July 2018

Insurance

Assurant completes $1.3bn P&C reinsurance programme

New York-based Assurant has finalised a $1.3 billion 2018 property catastrophe reinsurance programme reducing the company’s financial exposure and protecting 2.9 million homeowners and renters policyholders against severe weather and other hazards.   29 June 2018

Insurance

Insurtech Ethos launches with $11.5m in financing

New life insurer Ethos has started operating in the US with $11.5 million in financing led by Sequoia Capital.   21 June 2018

Insurance

MS Amlin partners with AI insurtech Cytora to boost underwriting

Specialty re/insurer MS Amlin has partnered with London-based insurtech start-up Cytora to deploy artificial intelligence (AI) into the commercial underwriting processes.   20 June 2018

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