Articles

Insurance

Ryan Specialty snaps up US wholesale broker Myron Steves

Chicago-based Ryan Specialty Group (RSG) is acquiring the assets and operations of Texas-based Myron Steves & Company, an independently owned wholesale insurance brokerage.   18 February 2019

Insurance

Apollo appoints Cloutier as Aspen CEO, reshuffles board as it closes $2.6bn acquisition

Alternative investment manager Apollo has unveiled Mark Cloutier as the new executive chairman and group chief executive officer of Aspen and made other leadership changes.   18 February 2019

Insurance

Aon reveals traits allowing Florida specialist insurers to thrive

Aon has outlined the three characteristics that enable specialist insurers to “thrive, sometimes profitably, in one of the toughest property insurance markets” in Florida in the US, in a report out today (Thursday 14 February).   14 February 2019

Insurance

Lancashire back in black despite heavy Q4 losses

Lancashire Holdings sustained heavy losses in the fourth quarter but returned to profit in 2018 and improved its combined ratio.   14 February 2019

Insurance

AIG’s Duperreault highlights 2018 loss reduction and forecasts growth

Efforts to rectify issues in AIG’s core underwriting capabilities appear to be paying off as losses reduce year on year in its 2018 results, with Brian Duperreault, AIG’s president and chief executive officer, predicting the firm will “accelerate our progress in 2019”.   14 February 2019

Insurance

Holborn swoops for Gen Re veteran as chief production officer

US-based reinsurance broker Holborn Corporation has hired a Gen Re executive with more than 30 years of industry expertise to enhance its existing client relationships across its three offices in New York City, Minneapolis and Kansas City.   14 February 2019

Insurance

Munich Re leads $7m investment in commercial auto insurtech Inshur

Commercial auto insurtech Inshur has raised $7 million in a Series A funding round led by Munich Re Ventures, with participation from venture capital firm MTech Capital.   14 February 2019

Insurance

USI Insurance snaps up wholesale broker US Risk

Texas-based US Risk Insurance Group, a specialty lines underwriting manager and property/casualty wholesale broker, has entered into a definitive agreement to be acquired by USI Insurance Services, a insurance brokerage and consulting firm.   14 February 2019

Insurance

Arch's Q4 results hit by hurricane and wildfires losses

Bermuda re/insurer Arch Capital Group saw its income fall year-on-year in fourth quarter 2018, primarily due to the impact of catastrophic events in the year   13 February 2019

Insurance

Assurant’s Colberg expects further value on back of TWG purchase

US-based insurer Assurant saw its 2018 net earned premiums and other income rise substantially on the back of its acquisition of The Warranty Group (TWG) in May 2018.   13 February 2019

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