News

Insurance

SiriusPoint-backed MGA Banyan Risk mulls global expansion; hires ex-AIG, Chubb, Markel as CUO

Profitability is at the heart of the Bermuda-based MGA’s international growth strategy.   7 July 2023

Insurance

Aon seals historic parametric deal for Puerto Rico

It aims to drive cat resilience and reduce the island’s insurance obligation to FEMA.   7 July 2023

Insurance

Gallagher’s Pen buys Norwegian marine MGA for international expansion

The strategic move expands its marine specialism and establishes first international branch.   6 July 2023

Insurance

AM Specialty appoints ex-Risk Theory CEO as non-executive director

He was formerly president of Skyward Specialty and CEO of IGI UK.   6 July 2023

Insurance

Allianz appoints new UK chief information officer

The appointee to lead Allianz’s ‘ambitious’ operations and IT strategy.   5 July 2023

Insurance

AIG & Stone Point close deal to craft MGA for HNW market for Q3 launch

Third party capital, including AIG and its Lloyd’s Syndicate, could back the new unit.   4 July 2023

Insurance

BMS picks up sixth Aussie broker in twelve months in major growth drive

The Queensland broker is an upstart creation of industry guru & rugby-turned-finance pro.   4 July 2023

Insurance

CCR sells majority stake in ~€1bn CCR Re to consortium of mutual insurers

The transaction increases the French state-owned reinsurer’s capital by €200m.   3 July 2023

Insurance

Italian insurers sweep up policies from defunct rival Eurovita

Generali, Allianz, Intesa Sanpaolo Vita, Poste Vita & UnipolSai will own new rump insurer.   3 July 2023

Insurance

Sompo lures Generali executive to head property insurance in Iberia

The appointee will be based in Sompo International’s new Madrid office.   3 July 2023

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