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Insurance
Global economic losses from natural disasters for 1H 2017 were estimated at $53 billion – 56 percent lower than the 10-year average of $122 billion and 39 percent lower than the 17-year average of $87 billion, according to Aon catastrophe report. 20 July 2017
Insurance
Bluefin Underwriting, the managing general agent (MGA) arm of Bluefin, has expanded its broker development team with the appointment of Jodie Gibbons as broker development executive in the Wales and South West region. 17 May 2016
Insurance
Oil Casualty Insurance (OCIL) has entered into an agreement with Iron-Starr Excess Agency (Iron-Starr), a managing general agency (MGA) and Ironshore subsidiary, whereby Iron-Starr will be underwriting certain lines of insurance on behalf of OCIL. 10 June 2016
Insurance
Ryan Specialty Group, the global specialty insurance services business based in Chicago, has completed its acquisition of Hunter George & Partners, the specialist managing general agent (MGA) focused on insurance solutions for mergers and acquisitions. 1 February 2016
Insurance
The casualty market in the US remains competitive for reinsurers, with rates still very soft in several lines of business and loss trends increasing. But there remain pockets of opportunity and rate decreases will likely slow in the aftermath of the recent hurricane losses. 16 October 2017
Insurance
Global Risk Partners (GRP), an acquisitive insurance broking and managing general agent (MGA) investment vehicle, has completed its investment in Cavendish Munro Professional Risks, the specialist retail broker. 6 June 2016
Insurance
Aon's Reinsurance Solutions has appointed Colin Dutkiewicz to a newly created role, global head of life. 24 January 2019
Insurance
Social inflation is a big issue for insurers, especially in the US where plaintiffs’ lawyers are demanding ever-larger pay-outs, backed by juries who are increasingly inclined to back David against Goliath. But the right approach will reduce this trend, as Rick Lindsey, CEO of Prime Insurance Company, tells Intelligent Insurer. 7 September 2020
Insurance
Lorega, a UK managing general agent (MGA), and Agenci, a cyber security consultancy, have been awarded insurance product of the year at the Cyber Security Awards. 1 July 2016
Insurance
Sean McGovern, chief risk officer (CRO) and general counsel, at Lloyd’s is leaving the corporation to take up the position of chief compliance officer and head of regulatory and government affairs at XL Catlin. 18 May 2016
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