Articles
Insurance
Arthur J. Gallagher & Co will acquire specialist UK insurance broker Stackhouse Poland Group in a deal expected to close in the first quarter 2019. 7 January 2019
Insurance
Private equity-backed Kingsbridge Group, a UK-based provider of specialist insurance services to contractors, freelancers and the recruitment and utilities industries, has acquired insurtech company Dinghy. 7 January 2019
News
Continental Reinsurance has completed the incorporation of a subsidiary office in Douala, Cameroon, and hired a chief executive from Swiss Re to head up the new venture. 7 January 2019
Insurance
Hamilton Underwriting, the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, has recruited a new chief financial officer from WR Berkley. 7 January 2019
Insurance
Inflexion Private Equity is has completed a minority investment in Granite Underwriting, a specialist motor insurance business. The investment is being made by Partnership Capital Fund I, Inflexion’s dedicated minority investing fund. 7 January 2019
Insurance
Insurer Rothesay Life is mulling making a £3.5 billion bid for ReAssure, Swiss Re’s UK closed book business, potentially jeopardising plans to list the unit this year, according to reports. 7 January 2019
Insurance
UK terrorism mutual reinsurer Pool Re will no longer offer its members reinsurance coverage for contingency cover they provide to their insureds because sufficient capacity now exists within the commercial insurance and reinsurance markets to cover contingency losses arising from acts of terrorism. 7 January 2019
Insurance
The US commercial insurance composite rate averaged an increase of 2 percent in the fourth quarter 2018, which matches the composite rate for the entire year of 2018 (up 2 percent), according to analysis by MarketScout, which compiles commercial and personal lines Market Barometers. 7 January 2019
Insurance
Accredited Insurance (Europe), a subsidiary of Randall & Quilter Investment Holdings, has signed a new program underwriting partnership with Kitsune, a UK MGA providing private motor insurance. 7 January 2019
Insurance
Willis Towers Watson has appointed Colin Forrest as regional leader for Europe, Middle East and Africa (EMEA) in the company’s Insurance Consulting and Technology business. He takes over from Frank Schepers who will step into a new role managing large client engagements. 7 January 2019
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