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Insurance
Venture capital firm BP Marsh & Partners has acquired 20 percent equity stake in London-based EC3 Brokers Limited for a total cash consideration of £5 million, in a mixture of preferred and ordinary shares.   18 December 2017
Insurance
JLT Re has poached a senior broker from Willis Re to join its London and International Markets (LIM) division.   4 September 2017
Lloyd’s CEO calls for digital push
Insurance
Lloyd’s CEO Inga Beale has warned about the dangers the market could face if it does not speed up the adoption of new technology.   5 February 2018
Insurance
Barbican Insurance Group has launched a new operation in Bermuda, underwriting a direct and facultative portfolio of business on an excess and surplus lines basis.   5 February 2018
Insurance
Insurance Europe’s Reinsurance Advisory Board (RAB), a representative body for the European reinsurance industry, has accused the US National Association of Insurance Commissioners (NAIC) of deviating significantly from the original language of the bilateral agreement on re/insurance prudential measures, concluded between the EU and US in 2017, in its draft implementation plans.   28 October 2018
Insurance
Munich Re has benefitted from low major losses in the first quarter of 2018, lifting its net profit to €827 million from €557 million in the first quarter of 2017.   8 May 2018
Insurance
The New York State Department of Financial Services (DFS) has fined Chubb and Lockton a combined $8.3 million for underwriting an NRA- (National Rifle Association) branded insurance programme.   8 May 2018
Insurance
US-based Ryan Specialty Group (RSG) has reached a definitive agreement to acquire Houston, Texas-based wholesale broker Oxford Insurance Services.   24 October 2017
Insurance
Lemonade, an artificial intelligence-focused insurtech company, has launched its homeowners and renters insurance offering in California.   10 May 2017
Alternative Risk Transfer
UK-based risk management solutions provider Russell Group has launched a new offering that enables casualty underwriters model, price and manage connected risks.   30 August 2017

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