All News articles – Page 137
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NewsSompo International completes acquisition of Diversified Crop Insurance Services and forms AgriSompo North America
AgriSompo will be one of the largest crop insurance providers in the United States and the world, with combined gross written premiums of over $2B.
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NewsAcquisition of Vibe Lloyd’s interests
The Vibe Syndicate 5678 was placed into run-off in December 2019.
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NewsBrexit offers Britain chance to do financial services differently - Rishi Sunak, Finance Minister
“Now that we’ve left the European Union, we can do things a bit differently (in financial services),” Sunak told broadcasters.
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NewsWR Berkley Corporation forms SPI in Bermuda
Lifson Re has been capitalised with more than $250 million of equity from a small group of global investors with long-term investment horizons, including a minority participation by WR Berkley Corporation.
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NewsZoopla owner to buy most price comparison businesses of Admiral in 508 million pounds deal
Global insurer MAPFRE will also sell its 25% stake in Rastreator and 50% holding in Preminen to RVU as part of the deal.
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NewsConvex parts with SCOR to secure post-Brexit EU access
Partnering with an EU entity is one of several ways by which a UK insurer or broker can continue to trade on the continent after Brexit
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NewsAon’s $30 billion Willis Towers deal in EU antitrust crosshairs
The merger of the world’s second and third largest brokers would overtake world No. 1 Marsh & McLennan Companies Inc.
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NewsF&G Re takeover completed
Bermudian-based life reinsurer F&G Reinsurance will operate under a new brand, Aspida Re, after the takeover of the company was completed. Ares Management Corporation and its indirect subsidiary Aspida Holdings Ltd today announced the completion of Aspida’s previously announced acquisition of F&G Re, a subsidiary of Fidelity National Financial. As ...
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NewsAM Best Affirms Credit Ratings of Ghana Reinsurance Company
The ratings reflect Ghana Re’s balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, limited business profile and weak enterprise risk management.
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NewsSlovenia’s Sava Insurance Group plans rise in profit to 53 mln euro in 2021
The group plans to earn gross written premiums of over 685 million euro next year, up from the 640 million euro planned for 2020, Sava Re, said in a statement on Friday.
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NewsLaunch of the first parametric tropical cyclone risk insurance product in Africa
The Southwest Indian Ocean Region (SWIO) region is one of the most active areas globally in terms of tropical cyclone formation.
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NewsUS private equity firm buys majority stake in broker Specialist Risk Group
SRG has a pipeline of acquisitions planned for next year on the back of its fresh investment
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NewsLloyd’s takes action to accelerate transition to sustainable economy
Lloyd’s publishes its first Environmental, Social and Governance Report which details its ambitions to fully integrate sustainability into all of Lloyd’s business activities.
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NewsLloyd’s to stop insuring fossil fuel projects by 2030
The London market will aim to reduce premium income from fossil fuel to just 2% of premium income by 2022
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People & OpinionMarsh Appoints Phil Hobson as Affinity Leader, International Division
Marsh today announced the appointment of Phil Hobson as Affinity Leader, International Division. Effective 1 January 2021, Mr Hobson will join the International Executive Committee and report to Flavio Piccolomini, President of Marsh’s International Division. He will relocate from Hong Kong to London next year. Marsh’s affinity business provides insurance ...
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People & OpinionMS Amlin AG appoints Charles Goldie as Chief Underwriting Officer
MS Amlin AG today announces the appointment of Charles Goldie as Chief Underwriting Officer (CUO), subject to regulatory approval. Goldie will take up the role early in Q1 2021, and will report to Chris Beazley, CEO of MS AAG.
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NewsSouth African court dismisses insurer Guardrisk’s appeal in COVID-19 claims case
Like other insurers in South Africa and around the world, Guardrisk, the fourth largest non-life insurer in the country, has been battling with clients over its rejection of claims related to the impact of the pandemic on their businesses.
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NewsLeadenhall passes USD6.2bn of Assets Under Management, adding over USD600m since July 2020
Leadenhall is working on further enhancing its infrastructure, adding to its teams and developing new fund offerings to meet investor demand
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NewsManaging the macro headwinds ahead
2020 will be remembered by almost everyone for one reason: COVID-19 - Commentry
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NewsIrish regulator finds that ‘dual pricing is evident’ within home and motor markets
Customers in Ireland who have stayed with their car or home insurer the longest are paying the most for their insurance coverage, according to Ireland’s financial services regulator the Central Bank of Ireland.
