Articles
Insurance
The California Earthquake Authority (CEA) has appointed Guy Carpenter as sole reinsurance intermediary for its recently created California Wildfire Fund to develop a risk transfer and reinsurance strategy. 20 August 2019
Insurance
Bermuda-based Syncora Holdings has entered into an agreement to sell its New York financial guarantee insurance subsidiary to Star Insurance Holdings, a part of GoldenTree Asset Management, for $392.5 million in cash. 16 August 2019
Insurance
Canadian property and casualty insurer Intact Financial Corporation has entered into a definitive agreement with Princeton Holdings to acquire The Guarantee Company of North America, a specialty lines insurer in Canada and the US, and Frank Cowan Company, a managing general agent (MGA) focused on specialty insurance, for approximately C$1 billion ($750 million) in cash. 16 August 2019
Insurance
US-based enterprise risk management agency Cobbs Allen has formed a new specialty insurance brokerage and investment banking platform to serve corporates and private equity clients. The company believes that current consolidation in the marketplace has created a need for an independent platform with scalability and the ability to move quickly and nimbly. 16 August 2019
Insurance
Arch Insurance North America has entered into a definitive agreement to acquire insurtech managing general underwriter (MGU) Ventus Risk Management. 15 August 2019
Insurance
Broker Willis Towers Watson has appointed Adam Garrard as new leader for the corporate risk & broking (CRB) segment, replacing Todd Jones who is joining specialist insurer QBE Insurance Group as CEO North America. 15 August 2019
Insurance
American International Group (AIG) has hired Munich Re's Richard Olsen as new chief actuary, general insurance, based in New York. 15 August 2019
Insurance
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
Broker Brown & Brown has acquired substantially all of the assets of employee benefits firm Yozell Associates in the US. 14 August 2019
Insurance
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
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