News

Insurance

European financial regulator warns on letter-box entities over Brexit relocation

The European Securities and Markets Authority (ESMA) has set out a principles rule book for the supervisory approach to company relocations from the UK as the country leaves the EU and stressed that special attention should be granted to avoid letter-box entities in the EU27.   1 June 2017

Insurance

MGA Castel targets Africa with corporate underwriting cell

Castel Underwriting Agencies (Castel), the managing general agent (MGA) platform, has launched its first corporate underwriting cell.   1 December 2015

Insurance

Chaucer creates new head of underwriting role for Dublin-based company

Specialty re/insurer Chaucer has appointed Jonathan Sutcliffe to the newly created role of head of underwriting at Chaucer Insurance Company DAC in Ireland, which trades as Chaucer Dublin.   31 July 2019

Insurance

Liberty Mutual places Lloyd's carrier Pembroke under "strategic review"

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

Ryan Direct to acquire Irish MGA

Ryan Direct Group (RDG), the insurance services business and subsidiary of Ryan Specialty Group (RSG), is set to acquire managing general agent (MGA) Midas Underwriting.   7 January 2016

Insurance

Data insight can help fight claims inflation: Sedgwick UK CEO

Managing clients’ risks and costs is ‘number one topic’ with brokers and corporate clients for solutions business.   12 July 2022

Insurance

Gallagher acquires Allied Insurance Brokers and Ascinsure Specialty Risk in the US

Broker Arthur J Gallagher has acquired Pennsylvania-based Allied Insurance Brokers and its subsidiary Ascinsure Specialty Risk.   19 September 2019

Insurance

Watford has fallen 'horribly short of expectations', investor suggests sale

Capital Returns has called for the reinsurer to sell itself as it lacks 'inherent competitive strengths or core competencies' and has generated 'extremely disappointing results'.   19 May 2020

Insurance

AAMGA welcomes multi-year binding authority at Lloyd’s

The American Association of Managing General Agents (AAMGA) has welcomed the news that Lloyd’s is to allow multi-year binding authority agreements of up to 36 months—a change that the AAMGA had wanted for many years.   27 October 2015

Insurance

Blanc resigns as CEO EMEA of Zurich and chair of ABI after less than a year

Zurich Insurance Group’s CEO Europe, Middle East & Africa (EMEA) Amanda Blanc has resigned with immediate effect. She joined the group in October 2018 from AXA.   3 July 2019

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