Articles

Insurance

Insurance veteran Steve McGill and Warburg Pincus launch specialty risk business

Insurance broking veteran of 40 years and former group president at Aon Steve McGill has partnered with global private equity firm Warburg Pincus to launch a specialty risk solutions business named McGill & Partners.   2 May 2019

Insurance

Aquiline-backed broker Relation beefs up leadership team to drive growth

US broker Relation Insurance Services has hired former Swiss Re executive Chris McKechnie as CFO and ex-Waller Helms managing director Tim Hall as head of M&A as it targets growth both organically and through accretive acquisitions.   2 May 2019

Insurance

Specialty insurance CRC Group buys MGA and surplus lines broker Argenia

US wholesale specialty insurance firm CRC Group has acquired Argenia, an MGA and surplus lines broker based in Arkansas, US.   2 May 2019

Insurance

Lloyd’s broker EC3 hires first head of broking from Integro

London-based EC3 Brokers has appointed James Murphy to the newly-created role of head of broking.   2 May 2019

Insurance

Willis Towers Watson launches $1bn political risk insurance programme

Broker Willis Towers Watson has launched a new political risk insurance programme supported with over $1 billion of market capacity.   1 May 2019

Insurance

Willis Towers Watson hires asset management specialist from Lockton

Broker Willis Towers Watson has appointed a number of asset management experts in its FINEX financial institutions practice to further expand its offering globally.   29 April 2019

Alternative Risk Transfer

FEMA grows NFIP flood reinsurance to $2.12bn with new $300m cat bond

The US Federal Emergency Management Agency (FEMA) has secured a $300 million reinsurance placement for the National Flood Insurance Program (NFIP) from the capital markets investors, brings the total flood cover to $2.12 billion.   23 April 2019

Insurance

Maiden at risk of Nasdaq delisting over share price

Nasdaq has warned reinsurer Maiden Holdings that it has failed to meet the stock market’s continued listing requirements and that it risks potentially being delisted.   23 April 2019

Insurance

Marsh, Guy Carpenter, JLT to merge LatAm facultative reinsurance under Andrew Perry

Broker Marsh & McLennan Companies (MMC) is merging the Latin American facultative reinsurance operations of its wholly owned subsidiaries Marsh and Guy Carpenter with that of Jardine Lloyd Thompson Group (JLT). The combined business will be known as Carpenter Marsh Fac Re.   23 April 2019

Insurance

Global reinsurance capital falls 5% in 2018, finds Willis Re

Capital earmarked for the global reinsurance industry fell by 5 percent in 2018, according to analysts at Willis Re.   23 April 2019

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