Articles

Insurance

Aquiline-backed broker Relation beefs up leadership team to drive growth

US broker Relation Insurance Services has hired former Swiss Re executive Chris McKechnie as CFO and ex-Waller Helms managing director Tim Hall as head of M&A as it targets growth both organically and through accretive acquisitions.   2 May 2019

Insurance

Specialty insurance CRC Group buys MGA and surplus lines broker Argenia

US wholesale specialty insurance firm CRC Group has acquired Argenia, an MGA and surplus lines broker based in Arkansas, US.   2 May 2019

Insurance

Faraday CEO D’Arcy named Gen Re head of international property & casualty

Gen Re, a Berkshire Hathaway company, has appointed Andrew D’Arcy as the head of Gen Re international property & casualty.   30 April 2019

Insurance

Marsh unveils commercial blockchain solution for proof of insurance in US

Broker Marsh is launching its proof of insurance blockchain platform, developed in collaboration with IBM, ACORD and ISN, for its US commercial clients.   26 April 2019

Insurance

PWC: value of US insurance M&As drops in Q1 despite rise in transactions

US insurance sector deal value dropped in the first quarter of 2019 compared with the same three months in 2018, research from PWC revealed, despite a “surge” in the number of M&As among property and casualty companies.   25 April 2019

Insurance

Sirius placed on Rating Watch Negative by Fitch as China Minsheng debt crisis deepens

Fitch Ratings has placed Sirius International Group's ratings on Rating Watch Negative, driven by a "deepening debt and liquidity crisis" at China Minsheng Investment Group Corp (CMIG), which owns approximately 80 percent of Sirius's common shares on a fully diluted economic basis.   25 April 2019

Insurance

Voce rejects Argo’s defence on corporate spend and publishes flight logs

Activist investor Voce Capital has hit back at Argo after the insurer published a detailed defence rejecting allegations of misuse of corporate funds and urging shareholders to ignore blue proxy ballots sent out by Voce.   24 April 2019

Insurance

Cyber security readiness ‘stalls’ as attacks intensify, finds insurer Hiscox

Global cyber security has “stalled” despite a sharp rise in attacks and soaring costs from the fall out, according to the Hiscox Cyber Readiness Report 2019.   24 April 2019

Insurance

MarketScout invests in cyber insurtech start-up Wingman

MarketScout, the electronic insurance exchange and specialty managing general agent (MGA) in the US, has invested in cyber insurtech platform Wingman.   24 April 2019

Alternative Risk Transfer

FEMA grows NFIP flood reinsurance to $2.12bn with new $300m cat bond

The US Federal Emergency Management Agency (FEMA) has secured a $300 million reinsurance placement for the National Flood Insurance Program (NFIP) from the capital markets investors, brings the total flood cover to $2.12 billion.   23 April 2019

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