News
Insurance
Specialty insurance company ProAssurance Corporation is expecting to report a net loss of $9 million to $10.5 million from its London market business, prompting a "strategic review" of its Lloyd's syndicates. 5 February 2019
Insurance
Re/insurance Aon has formed a strategic alliance with insurtech firm Claim Central to digitise and streamline its claim management capabilities, and drive innovation. 5 February 2019
Insurance
Efforts by Lloyd’s of London to transform the market from a predominantly paper-based system to a digital one have shown “significant” progress in the final quarter of 2018, figures show. 5 February 2019
Insurance
Insurer Chubb has launched a new media industry practice for the UK and Ireland in response to "segment growth and feedback from key broker partners". 5 February 2019
Insurance
WR Berkley Corporation has appointed Arthur Davis as new president of Vela Insurance Services, succeeding David Jordan, who has moved to another senior leadership position at a Berkley portfolio company. 5 February 2019
Insurance
Global Risk Partners (GRP), a specialist investment vehicle for brokers and managing general agents (MGAs), has acquired a UK-based firm with a portfolio of nine leading specialist insurance broking and managing general agency (MGA) businesses. 5 February 2019
Insurance
Current insurance losses for the Townsville floods in Australia are valued at $45 million, from 3,500 claims, however, the Insurance Council of Australia (ICA) expects these figures to rise as people begin to return home to assess the damage. 5 February 2019
Insurance
Willis Re, the reinsurance division of broker Willis Towers Watson, has unveiled a number of leadership changes in its Australian team, a move it hopes will drive its next phase of growth. 4 February 2019
Insurance
Boost by some 48 acquisitions, Arthur J. Gallagher & Co enjoyed strong growth in 2018 with revenues and earnings in both its brokerage and risk management units well up on the year before. 1 February 2019
Insurance
Brokerage and financial technology company BGC Partners has completed the acquisition of London-based reinsurance, wholesale and specialty broker Ed, three-months after the deal was first announced. 1 February 2019
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