All News articles – Page 75
-
NewsHowden agrees to buy Aston Lark in its largest acquisition to date
International insurance broking group Howden has agreed to buy independent broker Aston Lark from Goldman Sachs Asset Management and Bowmark Capital, subject to regulatory approval.
-
NewsRenaissanceRe announces estimated net negative impact of USD725m
This estimate is primarily comprised of net negative impacts of approximately $440 million from Hurricane Ida in August 2021 and approximately $210 million from the severe flooding in Northwestern Europe in July 2021.
-
NewsLondon company market premium jumps 20%
Premium income for the London company market jumped by 20% in 2020, a new report by the International Underwriting Association (IUA) has revealed.
-
-
NewsArch Insurance International appoints chief risk officer
Arch Insurance International, part of Arch Capital Group, has appointed Tom Rivers as its new chief risk officer, with immediate effect.
-
NewsCoal Action Network organises climate memorial targeting Lloyd’s
The memorial, which took place between 10am and 12pm, saw flowers and floral wreaths being laid outside Lloyd’s headquarters at One Lime Street.
-
NewsBrokers call out ‘conflict of interest’ in delayed government-backed £750m live events reinsurance scheme
Brokers and event organisers have criticised the delayed government-backed £750m live events insurance scheme due to a “conflict of interest” as well as its costs and limits on cover, reported the Financial Times.
-
NewsBlog: FERMA Conference 2021 Daily News Summary
Stay tuned - live reporting from the FERMA Conference this week
-
People & OpinionFormer Beazley head joins McLarens for newly created leadership position
Global insurance services provider McLarens has appointed Beazley’s head of data management Jennifer Barclay in the newly created leadership role of global head of data and analytics strategy.
-
NewsArrow Risk Management launches new MGA underwriting platform
Arrow Risk Management (Arrow Risk) has launched a new MGA underwriting platform, led by Jon Godfray as chief executive and Mark Harrington as chief underwriting officer.
-
NewsInsurers face climate challenges from all sides amid fossil fuel dilemma
With less than a month before world leaders head to Glasgow for the 2021 United Nations Climate Change Conference, also known as COP26, the insurance industry remains in the crosshairs of activists who are demanding more from the sector.
-
NewsSwiss Re estimates Hurricane Ida claims at USD 750 million
Swiss Re estimated its preliminary claims burden from Hurricane Ida at approximately USD 750 million[1]. On an industry level, Swiss Re estimated total insured market losses to be in the range of USD 28–30 billion[2].
-
News
Coalition completes acquisition of Attune Insurance
The acquisition of Attune creates the world’s largest commercial insurtech and positions the combined entity to capture a $100 billion+ market opportunity in the P&C insurance market.
-
NewsArthur J. Gallagher/WTW (Treaty Reinsurance business) merger inquiry
The CMA is investigating the anticipated acquisition of the Treaty Reinsurance business of Willis Towers Watson by Arthur J. Gallagher & Co.
-
NewsLondon’s finance district, steeped in slavery, confronts its past
The financial district’s municipal authority will this week discuss a report that recommends retaining monuments of twice Lord Mayor William Beckford and merchant John Cass, both of whom made fortunes off slavery, with “explanatory plaques or notices” placed next to them. The report says over 2,000 responses to two consultations ...
-
NewsChaucer appoints Xamira Groves as new Head of Insurance
Specialty (re)insurance group, Chaucer, has appointed Xamira Groves as its new Head of Insurance. Groves will oversee the delivery of strategy and portfolio management across all general insurance lines and underwriting entities.
-
NewsStrategicRISK Blog: Airmic Conference 2021 Daily News Summary
Stay tuned - live reporting from the Airmic Conference this week from our sister title StrategicRISK
-
NewsGlobal M&A on track for record-breaking year
Global acquirers are on track to record their first annual market outperformance since 2016 - Willis Towers Watson
-
NewsCaptive growth surges, led by PCCs
Marsh helped clients form over 100 captives of all types around the world in 2020, almost double the usual formation rate
-
NewsGlobal floods events lead 2021 nat cat tally
Extreme floods in Western Europe in mid-July have generated claims currently estimated at $11 billion
