Articles

Insurance

M&A activity to continue as reinsurers grapple with challenging conditions, claims new report

Challenging business conditions, coupled with cheap financing in the debt market, will continue to fuel mergers and acquisitions (M&A) activity and drive consolidation in the global reinsurance market, according to a new report from Standard & Poor (S&P).   14 August 2019

Insurance

Brown & Brown buys US employee benefit firm Yozell

Broker Brown & Brown has acquired substantially all of the assets of employee benefits firm Yozell Associates in the US.   14 August 2019

Insurance

Liberty hires ex-AIG James Goodliffe to strengthen trade credit multi-buyer product line

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has appointed James Goodliffe to the role of senior underwriting officer within its financial risk solutions (FRS) multi-buyer trade credit practice.   14 August 2019

Insurance

QBE North America appoints Eric Sanders as head of claims

Specialist insurer QBE North America has appointed Eric Sanders as head of claims.   14 August 2019

Insurance

FedNat gains approval for $51m Maison deal

US insurer FedNat Holding Company has secured regulator approval to close the acquisition of Maison Insurance Company and other homeowners insurance entities from 1347 Property Insurance Holdings (1347 PIH) in a $51 million deal.   14 August 2019

Insurance

Risk Strategies hires former IMA, Aon exec to lead professional liability group

US insurance brokerage and risk management firm has appointed Darren Black to lead its national professional liability practice group.   14 August 2019

Insurance

Concord Specialty boosts reps and warranty practice with new hire

Concord Specialty Risk, a transactional risk insurance and loss mitigation specialist which is a series of RSG Underwriting Managers, has appointed Ilan Peress as vice president, representations and warranty insurance underwriter.   13 August 2019

Insurance

Aon advises HSBC Bermuda on £7bn longevity swap with Prudential

Re/insurance broker Aon has advised HSBC Bermuda on a recently completed £7 billion longevity swap, involving the HSBC Bank (UK) Pension Scheme and Prudential Insurance Company of America (PICA), said to be the second largest ever deal of its type.   13 August 2019

Insurance

Canopius partners with AI insurtech Arturo on deep-learning property analytics

Specialty re/insurer Canopius has partnered with artificial intelligence (AI) and deep-learning property analytics start-up Arturo.   13 August 2019

Insurance

FedNat agrees cooperation deal with activist investor Capital Returns

US insurer FedNat has entered into a "cooperation agreement" with its third largest shareholder Capital Returns Management in response to legal proceedings filed by the activist investor, and agreed to add two new directors to its board as part of the deal.   13 August 2019

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