News

Insurance

Aon creates new group to grow MGA, MGU network; names CEO

Broker Aon has created a new Carrier Solutions group, under the leadership of Karl Hennessy, to support and grow its proprietary network of managing general agents (MGAs) and managing general underwriters (MGUs).   30 May 2018

Insurance

Newline picks Germany for EU insurance hub in Brexit move

London-based specialty insurer Newline Group is launching its post-Brexit European Union insurance hub in Cologne, Germany.   29 May 2018

Insurance

AIG expands pension risk business

American International Group (AIG) has expanded its presence in the pension risk transfer market after reaching agreements on the two largest plan termination transactions of 2017.   29 May 2018

Insurance

Amazon leads $12m investment round in insurtech Acko

E-commerce giant Amazon has led a $12 million funding round in Acko Technologies, which owns online general insurance provider Acko General Insurance, according to media reports.   29 May 2018

Insurance

AmTrust go-private deal gets support from Glass Lewis

Independent proxy advisory firm Glass Lewis has recommended that AmTrust Financial Services stockholders vote “FOR" the company's merger agreement at the special meeting of stockholders on June 4, 2018, according to a May 25 AmTrust statement.   29 May 2018

Insurance

Generali unveils new Luxembourg branch

Italian insurer Generali has set up a new branch in the Grand Duchy of Luxembourg dedicated to the employee benefits business.   29 May 2018

Insurance

GIC Re posts combined ratio of 104% in FY 2017

General Insurance Corporation of India (GIC Re) has reported a combined ratio of 104.0 percent for the financial year ended 31.3.2018 after 99.7 percent in the period ended 31.3.2017.   29 May 2018

Insurance

Castel opens in Amsterdam for European expansion

Castel Underwriting Agencies, a managing general agent (MGA) formation platform, has opened its first branch office in Amsterdam, Netherlands to support plans to expand its operations in Europe as the UK leaves the EU.   29 May 2018

Insurance

Ed expands professional, executive risk business into Jersey

Reinsurance, wholesale and specialty broker Ed has received a license to carry out general insurance mediation business by the Jersey Financial Services Commission.   29 May 2018

Insurance

Concerns about pricing, reserves, interest rates weigh on P&C sector

Concerns over pricing, reserves, and interest rate weigh on investor sentiment in the property/casualty re/insurance sector, according to Morgan Stanley.   29 May 2018

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