All News articles – Page 21
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NewsGroup Ark Insurance has been assigned a financial strength rating of A (Excellent) by AM Best
AM Best said: “The ratings reflect Ark’s consolidated balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management, and are based on the group’s five-year business plan.
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NewsCharles Taylor expands U.S. TPA and IMS through acquisition of Aegis Corporation
Aegis provides risk pools and self-insureds with customized insurance and claims management programs focused on the unique needs of public entities and municipal organisations.
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NewsBulgaria’s Power Distribution North signs 3.5 mln euro deal with Generali Insurance
Power Distribution North operates 26 power substations and power lines with a total length of over 43,000 km over a territory of nearly 30,000 sq m in northeastern Bulgaria.
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NewsAnaCap makes growth investment in German insurance broker MRH Trowe
Mid-market private equity investor AnaCap Financial Partners (AnaCap) has made a significant growth investment into MRH Trowe (MRHT), an owner managed top-10 commercial lines insurance broker in Germany.
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NewsMusic lobby group calls on government to underwrite festival insurance schemes
UK Music is urging the government to underwrite festival insurance schemes like the support it gave the film and TV industry.
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NewsNew Dawn Risk warns of pressures on commercial SME buyers and newer products
New Dawn Risk’s chief executive gives his predictions for insurance consumer confidence as the UK is plunged into lockdown yet again
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NewsPeter Cullum backed broker duo to form Manchester ‘powerhouse’
The two brokers are currently in talks about another local broker joining the business as part of its growth plans
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NewsFTSE 100 edges higher after UK approves AstraZeneca’s COVID-19 vaccine
“The AstraZeneca approval will be a game changer for the vaccination process as it is available immediately in quantity and is easily transported and stored,” said Jeffrey Halley, a senior market analyst at OANDA.
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NewsArgo Group announces sale of its Italian business
Argo Group International Holdings has announced an agreement to sell its Italian operations, ArgoGlobal Assicurazioni S.p.A (“AGA”) to Perfuturo Capital AG (“Perfuturo”), a Swiss Holding Company.
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NewsEtihad Credit Insurance certified as a Best Place to Work Company in UAE
ECI offers employee incentives such as health and family resources, promoting diversity programmes, and carrying out employee-wellness policies.
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NewsReuters: Ant weighs financial holding company to placate regulators, sources say
The regulators, mainly the central bank, want Ant to fold its wealth management and insurance distribution businesses as well as minority-owned MYbank online lender into a financial holding company, one of the sources told Reuters.
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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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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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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.
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News‘Known unknowns’ are creating ‘nervousness’ in D&O market
“Known unknowns” such as climate change, cyber risks and environmental, social or governance (ESG) factors have “created a lot of nervousness” in the directors’ and officers’ (D&O) insurance market, according to a new report by Allianz Global Corporate and Specialty (AGCS).
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NewsZurich, Farmers to buy MetLife U.S. motor, home insurance business for $3.94 billion
Zurich Insurance and Farmers Exchanges have agreed to buy MetLife’s U.S. property and casualty business for $3.94 billion, the insurers said on Friday, after the COVID-19 pandemic made motor and home insurers more profitable.
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NewsAon Report highlights a path toward “The New Better” in wake of COVID-19 Pandemic
Aon has published a global report, ”Helping organisations Chart a Course to the New Better,” which presents research, regional findings and trends on how organisations have responded to the novel coronavirus (COVID-19) pandemic to date and are adapting to prepare for other emerging long-tail risks.
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NewsMunich Re’s “Ambition 2025” sets new growth and results targets
With its Group Ambition 2025, Munich Re has specified a series of bold targets for the next five years
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NewsFlock enters flexible connected motor insurance market
It is also signing up a select number of forward-thinking fleet owners for an entirely usage-based insurance product, set for widespread availability in 2021
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NewsBlueprint Two is Lloyd’s ‘rubber hits the road moment’ – John Neal
Blueprint Two is Lloyd’s of London’s “when rubber hits the road moment,” according to its chief executive John Neal.
