Warren Buffett, CEO of Berkshire Hathaway, wrote a short statement praising Munger’s “inspiration, wisdom and participation”.
Markel-owned US carrier State National Companies is to launch a “program services division” for UK MGAs in 2024, the insurer has announced.
From 1/1, re/insurer Apollo has expanded its treaty reinsurance business within its Syndicate 1969 at Lloyd’s.
German insurer HDI moves up to number two in the property and casualty insurance market following the transaction, the company said.
The Lloyd’s market has released a consultation on its roadmap for insuring the transition to a green economy.
MGAs represent 43% of DIFC’s insurance constituents, as of September, contributing $2.1bn of gross written premium.
A corruption case brought by the US Justice Department has been resolved with fines and a three-year deferred prosecution agreement for both reinsurance broking firms involved.
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