News
Insurance
Italian insurer Generali will acquire Polish asset management company Union Investment TFI from the German Group Union Asset Management Holding to bolster its presence in central and eastern Europe (CEE). 23 October 2018
Insurance
Intermediary Hyperion Insurance Group will establish a new technology-focused business that will manage the group's third-party insurtech investments, as well as incubate its own start-up ventures. 23 October 2018
Insurance
Property/casualty insurer Liberty Mutual Insurance is undertaking a strategic review of its London-based Pembroke Managing Agency, which came into its portfolio when it acquired lronshore in May 2017. 23 October 2018
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
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