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Insurance Europe slams European Commission for ignoring advice on European Services e-card proposals
Insurance Europe, the European insurance and reinsurance federation, has accused the European Commission of working from incorrect assumptions and ignoring the advice of Insurance Europe in its legislative proposal for a European Services e-card. 13 January 2017
Insurance
Growth in the reinsurance segment of Markel so far this year has been driven by new business in its mortgage product line and large quota share reinsurance treaties but tough market conditions make further growth this year unlikely, Richard Whitt III, co-chief executive officer of Markel Corporation, said in a conference call next week covering the company’s second quarter results. 12 August 2016
Insurance
Capita Insurance Services has concluded a transaction to finance the development of Infinity Agency, a managing general agent (MGA) that specialises in high net worth motor insurance, by taking a minority equity stake in it. 26 February 2014
Insurance
Aquiline Capital Partners, a New York-based private equity firm investing in financial services, has entered into a definitive agreement to become the majority investor in Wellington Insurance Group, a Texas-based risk distribution business specialising in the delivery and administration of residential property insurance. 21 January 2016
Insurance
Niche venture capital provider BP Marsh has acquired a 20 percent stake in South African Property And Liability Underwriting Managers (PLUM) for £300,000. 3 July 2015
Insurance
Pioneer Special Risk, a subsidiary of Pioneer Underwriters, has been approved as a coverholder at Lloyd’s for excess and surplus (E&S) casualty lines. 15 October 2015
Insurance
Broker Towergate has appointed to new non-executive directors to its board including one from the US private equity firm that recently invested in the company. 22 November 2016
Insurance
Non-life insurance-linked securities (ILS) issuance reached a record breaking $6.3 billion in Q2 2017, continuing the trend from the first quarter of the year. ILS assets under management (AUM) also continue to grow alongside fierce competition from investors. 1 August 2017
Insurance
US renewal rates remain competitive on average across all major lines of business in the third quarter of 2016, but US financial and professional liability lines experienced the lowest rate of decline and property lines experiencing the greatest rate of decline, according to Marsh’s Global Insurance Market Index covering the third quarter of 2016. 11 November 2016
Insurance
R&Q Commercial Risk Services, part of R&Q MGA, has released embedded cyber cover as part of all of its commercial combined and package products for small and medium-sized enterprises (SMEs). 14 June 2016
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