Articles
Insurance
The management of CFC, the largest independent managing general agent (MGA) in the UK, are to execute a management buyout of the business with the backing of private equity firm Vitruvian Partners. 22 March 2017
Insurance
Property/casualty insurer Liberty Mutual Insurance has signed a definitive agreement to acquire the assets of managing general agent (MGA) TRU Services, which specialises in medical stop loss cover to mid and large-size medical plan sponsors. 22 March 2017
Insurance
Reinsurers are particularly exposed to the UK’s decision to lower the Ogden personal injury discount rate by far more than expected, which is boosting victims’ compensation and the need for reserves, impacting the profitability of the business. 21 March 2017
Insurance
UK-based general insurer RSA has started trading on the London insurance market’s electronic placing platform PPL that enables brokers and underwriters to quote, negotiate, bind and endorse business using one market-wide system. 21 March 2017
News
Reinsurance broker JLT Re has partnered with risk modelling company KatRisk to offer flood modelling in Canada. 21 March 2017
Insurance
Re/insurer QBE Australia and New Zealand has appointed Jon Fox as the executive general manager (EGM) of claims, and Andrew Corbett as general manager of its fully owned subsidiary Elders Insurance. 21 March 2017
Insurance
Private equity firm KKR and Canada-based Caisse de dépôt et placement du Québec (CDPQ) are set to acquire US insurance brokerage and consulting firm USI Insurance Services. 17 March 2017
Insurance
Insurance assets for sale in the UK due to Solvency II and demand for acquisitions in Asia Pacific (APAC) are set to drive M&A activity in 2017, according to accounting and advisory firm KPMG. 17 March 2017
Insurance
The US state insurance regulator National Association of Insurance Commissioners (NAIC) is asking for clarifications on the negotiated covered agreement between the EU and the US which removes collateral and local presence requirements for reinsurers from the opposite side of the Atlantic, and suggested that the agreement might have to be renegotiated. 17 March 2017
Insurance
Munich Re is investing in technology and actively preparing and searching for growth opportunities to revert the current shrinking process. 17 March 2017
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