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Mitsui Sumitomo seals $400m deal to buy Transverse for US expansion
Insurance
Mitsui Sumitomo seals $400m deal to buy Transverse for US expansion
The move signals MSI’s growing interest in the US MGA market.   10 August 2022
Argo slips to loss despite targeting ‘most attractive business lines’
Insurance
Argo slips to loss despite targeting ‘most attractive business lines’
The re/insurer swung to a loss in both Q2 and first half of 2022 on investment hit.   10 August 2022
Apollo draws Beazley underwriter as head of property
Insurance
Apollo draws Beazley underwriter as head of property
The appointee will focus on developing Apollo’s D&F property and binders portfolios.   10 August 2022
Insurance
Hudson nabs WTW cyber leader to enhance market position
The hire has 15 years of cyber and professional liability underwriting and broking experience.   10 August 2022
Insurance
Munich Re likes property XoL in race to capture rate over inflation
At July renewals, Munich Re added ca. 25% in property XoL for 8% rate gain over inflation.   9 August 2022
Insurance
Talanx reappoints ‘outstanding’ chair and CEO ahead of schedule
Torsten Leue to remain in the top post until May 2028.   9 August 2022
Insurance
Dive In ready to break new grounds with ‘biggest-ever’ festival yet
The festival is returning to tackle new challenges around diversity, equity & inclusion.   9 August 2022
Insurance
Aon doubles down on digital solutions with leadership reshuffle
The broker hands new chief digital officer role to its COO.   9 August 2022
Insurance
Lemonade trims nearly 1/3 of quota share reinsurance cession since launch
Recent M&A target Metromile sports half the coverage; policies for integration in 2023.   9 August 2022
Insurance
Lemonade slows growth to avoid squeezing markets for fresh funds
Insurtech ups profit target in peak loss period even while adding in loss-making Metromile.   9 August 2022

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