News

Insurance

Penn Mutual to sell $150bn asset manager to global PE giant

Fitch views the sale as ‘opportunistic’.   24 July 2024

Insurance

Munich Re expands partnership with Risk Placement Services

Their new public entity insurance programme includes standardised coverages, such as general, auto, law enforcement, public officials and employment practices liability.   14 April 2020

Insurance

Nexus snaps up California MGA, expands in cyber market

The deal marks Nexus’ 17th acquisition since its formation in 2008.   14 July 2023

Insurance

Property insurtech Kin expands into cat-prone US state amid retreats

The move comes amidst legacy insurers’ retreat from catastrophe-prone states like Florida, Louisiana.   14 July 2023

Insurance

Allianz, AXA, QBE, Sompo resign: industry net zero initiative on brink of collapse

Six of the eight founding members and more have already called it quits.   26 May 2023

Insurance

US commercial P&C renewal rates fall for second month from peak: Ivans

Five of six chartered lines fall in April; umbrella take it the other way to record 3M gain.   9 May 2024

Insurance

Gallagher inks $13.6bn deal to acquire AssuredPartners

The deal is set to boost its EPS by double digits, with $160m in synergies over three years.   9 December 2024

Insurance

SCOR shakes up investment arm leadership; CEO departs

The move aims to accelerate the growth of its third-party asset management activity.   27 November 2023

Insurance

Markel buys $212.5m stake in MGA Hagerty Group

Specialist insurer Markel has acquired a minority ownership interest in managing general agent (MGA) The Hagerty Group for a total consideration of $212.5 million.   1 August 2019

Insurance

DARAG’s 2023 pipeline tops expectations as it unveils Cayman captive deal

The legacy acquirer has concluded an agreement with a Cayman-based captive company.   3 April 2023

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