Articles

Insurance

Iron-Starr to underwrite certain insurance lines for OCIL

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

Brown & Brown acquires US broker Hays Companies

Broker Brown & Brown is acquiring the insurance operations of Minneapolis-based Hays Companies, a brokerage firm that operates across 21 US states.   23 October 2018

Insurance

GRP completes fourth deal of the year, with Cavendish Munro investment

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

Lorega and Agenci win cyber award

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

XL Catlin poaches Lloyd’s CRO

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

Insurance

Insurtech Confused.com appoints first COO to lead product strategy

UK-based insurtech Confused.com, a digital marketplace for car insurance, has appointed Stephen Dukes as its first chief operating officer (COO) to lead product strategy and enhance customer experience.   24 July 2019

Insurance

Ryan Specialty completes Hunter George acquisition

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

Sirius Group combined ratio rises to 123% on cat losses

‘Our underwriting results came up short, primarily due to catastrophe losses’.   7 November 2019

Insurance

AI insurtech Betterview partners with Synpulse to improve P&C underwriting cycle

California-based artificial intelligence (AI) start-up Betterview, an insurtech platform provider for property transactions, has partnered with Zurich-based Synpulse to improve the property and casualty (P&C) underwriting process for insurers.   20 September 2019

Insurance

Strong interest coverage despite higher debt in US health insurance segment – AM Best

‘Low interest rates have supported diversification and acquisition.’   25 November 2019

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