Articles

Insurance

Marsh & McLennan Agency acquires firm to expand in west Texas

Marsh & McLennan Agency, the middle market agency subsidiary of Marsh, acquired employee benefits consulting firm Insurance Partners of Texas. The move follows the recent acquisition of Texas-based iaCONSULTING.   8 May 2017

Insurance

Tropical storm Michael to turn into hurricane

Tropical storm Michael is expected to become a hurricane and carry strong winds and rain to Cuba, Florida and southern Georgia, according to the National Hurricane Center (NHC).   8 October 2018

Insurance

Swiss Re unveils parametric haze solution in Singapore

Swiss Re’s commercial insurance unit Swiss Re Corporate Solutions has launched a standalone parametric-based haze insurance solution for businesses operating in Singapore.   8 October 2018

Insurance

Willis Re: Ethiopian Airlines crash liabilities could hit reinsurers’ premiums

Insurance claims following the Ethiopian Airlines crash and consequent grounding of Boeing’s 737 Max 8 planes could be as much as $1 billion, according to James Vickers, chairman of Willis Re International.   1 April 2019

Insurance

Swiss Re replaces Corporate Solutions CEO with Allianz executive

Swiss Re has hired Andreas Berger from Allianz Group as chief executive of Swiss Re Corporate Solutions.   24 September 2018

Insurance

SCOR rumoured to face new takeover approach by Covéa

French cooperative insurer Covéa is working on a new approach to its planned takeover of reinsurer SCOR after its friendly €8.2 billion offer was rejected earlier in September, Reuters reported citing “two sources close to the deal”.   18 September 2018

Insurance

Hurricane Florence insured loss estimated at $2.5bn

Insured losses from Hurricane Florence will be around $2.5 billion, according to KCC estimates.   18 September 2018

Insurance

BGC Partners to acquire Ed Broking Group

London-based reinsurance, wholesale and specialty broker Ed is to be acquired by BGC Partners, a global brokerage and financial technology company.   29 October 2018

Insurance

US Congress extends NFIP till November

The US Congress has enacted a short-term extension to the National Flood Insurance Program (NFIP) through November, preventing the programme to lapse during peak hurricane season.   26 July 2018

Insurance

Marsh introduces aircraft financing product

Marsh has created a non-payment insurance product designed for banks and capital market investors that are funding new aircraft purchases from Boeing.   2 June 2017

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