Articles

Insurance

Gallagher acquires Allied Insurance Brokers and Ascinsure Specialty Risk in the US

Broker Arthur J Gallagher has acquired Pennsylvania-based Allied Insurance Brokers and its subsidiary Ascinsure Specialty Risk.   19 September 2019

Insurance

Ryan Direct to acquire Irish MGA

Ryan Direct Group (RDG), the insurance services business and subsidiary of Ryan Specialty Group (RSG), is set to acquire managing general agent (MGA) Midas Underwriting.   7 January 2016

Insurance

European financial regulator warns on letter-box entities over Brexit relocation

The European Securities and Markets Authority (ESMA) has set out a principles rule book for the supervisory approach to company relocations from the UK as the country leaves the EU and stressed that special attention should be granted to avoid letter-box entities in the EU27.   1 June 2017

Insurance

Watford has fallen 'horribly short of expectations', investor suggests sale

Capital Returns has called for the reinsurer to sell itself as it lacks 'inherent competitive strengths or core competencies' and has generated 'extremely disappointing results'.   19 May 2020

Insurance

Liberty Mutual places Lloyd's carrier Pembroke under "strategic review"

Property/casualty insurer Liberty Mutual Insurance is undertaking a strategic review of its London-based Pembroke Managing Agency, which came into its portfolio when it acquired lronshore in May 2017.   23 October 2018

Insurance

Ukraine crisis: S&P on ‘high alert’ for insurance exposures

Sanctions, heightened cyber threats and ratings downgrades are just the beginning of the fallout for insurers as Russia’s invasion of Ukraine continues.   10 March 2022

Insurance

Blanc resigns as CEO EMEA of Zurich and chair of ABI after less than a year

Zurich Insurance Group’s CEO Europe, Middle East & Africa (EMEA) Amanda Blanc has resigned with immediate effect. She joined the group in October 2018 from AXA.   3 July 2019

Insurance

Lloyd's MGA CFC Underwriting unveils new cyber app

CFC Underwriting, a Lloyd's managing general agent (MGA), has launched a new cyber incident response application for policyholders to notify claims and get specialist support.   6 March 2017

Insurance

Castel appoints binding authority manager

Castel Underwriting Agencies (Castel), a managing general agent (MGA) formation platform, has appointed Mark Sambridge as binding authority manager.   20 July 2016

Insurance

COVID-19 could drive private equity-driven M&A in insurance sector

The shifting economic landscape is creating an air of uncertainty and many M&A deals are being put on hold. But, dealmakers also see opportunities in an economic downturn.   19 March 2020

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