News

Insurance

Mapfre signs €82m deal with Santander to expand insurance distribution with new company

Spanish insurer Mapfre has signed a deal to invest €82 million to create a company with Santander Spain to distribute automobile, self-employed and company insurance.   1 July 2019

Insurance

Singapore Life secures $90m investment from Japan's Sumitomo Life to 'reshape' financial industry

Japanese insurer Sumitomo Life Insurance Company has made a $90 million investment in Singapore Life and acquired approximately 25 percent of the total issued and outstanding shares in the company.   1 July 2019

Insurance

R&Q acquires Bermuda reinsurer Sandell Re for $25m in cash

Insurance services and investment company Randall & Quilter Investment Holdings (R&Q) is to acquire the entire issued share capital of Bermuda-based Sandell Holdings and its subsidiary Sandell Re (SRL) for an initial cash consideration of $25 million with further amounts payable subject to certain conditions being met.   1 July 2019

Insurance

Brit appoints BCG principal to new head of strategy role with focus on Lloyd's

Specialty re/insurer Brit has appointed Paolo Cuomo to the newly created role of head of strategy, based in London.   1 July 2019

Insurance

RSA appoints new CUO to improve global risk solutions' profitability

RSA Insurance Group has appointed Rachel Conran as new chief underwriting officer (CUO) for its UK & International (UK&I) global risk solutions (GRS) business. She will be based in Luxembourg.   27 June 2019

Insurance

JBA partners with insurtech FloodFlash on first parametric flood policy

JBA Risk Management has partnered with insurtech start-up FloodFlash to launch an innovative parametric flood policy for individual property and business owners.   27 June 2019

Insurance

TigerRisk brings JLT Re duo to lead binding authority business

Reinsurance broking and risk/capital management firm TigerRisk Partners has hired JLT Re's Neill Cotton and Mark Sleet as partners to lead the company's binding authority and programme businesses.   27 June 2019

Insurance

CLS appoints in-house legal underwriting counsel

CLS Risk Solutions, a legal indemnity and transactional property risk MGA, has appointment an in-house underwriting counsel to assist underwriters with risk analysis and keep the teams up to date with legal developments.   27 June 2019

Insurance

Gallagher expands into CEE with minority stake in Renomia

Global insurance broker Gallagher has grown its presence in Central and Eastern Europe with the purchase of a minority stake in Czech-domiciled insurance broker Renomia a.s. (Renomia).   25 June 2019

Insurance

Willis Towers Watson launches new solution for mid-market clients

Broker Willis Towers Watson has launched a new solution for general industry mid-market clients as part of its differentiated broking solutions (DBS) business strategy.   25 June 2019

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