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Insurance
Marsh is acquiring Houston-based Wortham Insurance, an independent insurance brokerage firm in the US. The transaction is expected to close in the third quarter of 2018. 25 June 2018
Insurance
US-based Ryan Specialty Group (RSG) has reached a definitive agreement to acquire Houston, Texas-based wholesale broker Oxford Insurance Services. 24 October 2017
Insurance
Bermuda-based AXIS Capital Holdings has agreed to pay departing chief financial officer (CFO) Joseph Henry a fee of $1.2 million for advisory services in 2018. 15 December 2017
Insurance
Bermudian Fidelis Insurance has taken an equity stake in new managing general agent (MGA) Firestone Surety and will be providing underwriting capacity. 15 December 2017
Insurance
RSA has reported a significant increase in first half profits after it completed its restructuring plan in February with the sale of its UK legacy liabilities. 2 August 2017
Alternative Risk Transfer
There has been a ‘double flight to quality’ by investors in insurance-linked securities (ILS) funds as a reaction to the losses of 2017 and specifically the inability of some ILS funds to get a handle on the extent of their exposure to the losses, Jutta Kath, chief operating officer, Secquaero Advisors, told PCI Today. 30 October 2018
Alternative Risk Transfer
The insurance-linked securities (ILS) market is largely in a good place but the market must accept that there is nothing ‘alternative’ about ILS any more—it’s here to stay, and a part of the furniture, Mark Hvidsten, deputy chairman at Willis Re, told PCI Today. 30 October 2018
Insurance
PartnerRe wants to become a top five global reinsurer by doing what it does best—being a pure-play reinsurer and working closely with clients, Richard Sanford, president of PartnerRe, told PCI Today. 30 October 2018
News
On-demand insurer for the gig and sharing economy Tapoly is in talks with investors to raise £0.5 million and allow the UK-based insurtech firm to leverage the potential of artificial intelligence, CEO Janthana Kaenprakhamroy tells Intelligent Insurer. 7 August 2018
Insurance
The market remains tough for reinsurers, with rate increases well below what was forecast 12 months ago as an abundance of capacity maintains pressure on the market, Paul Ludwig, senior vice president and client executive of the reinsurance division of Munich Re America, told PCI Today. 30 October 2018
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