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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
Managing agencies slightly favour the use of the Lloyd's Brussels subsidiary (57 percent) over the creation of their own EU subsidiary (43 percent), according to a survey with Lloyd’s market chief operating officers (COOs) commissioned by the Lloyd’s Market Association (LMA). 25 June 2018
Insurance
Bermuda-based Everest Re Group has launched a new transportation and logistics business segment within Everest Insurance, led by Jeff Engelbrecht. 25 June 2018
Insurance
A wave of floods and storms that hit France during the spring is estimated to have the country’s insurers some €430 million, Reuters reported on June 25 citing the FFA French insurance federation. 25 June 2018
Insurance
Property data analytics provider Cape Analytics has raised $17 million in new financing, led by re/insurer XL Catlin-backed insurtech venture fund XL Innovate. 25 June 2018
Insurance
The Chinese government has taken full ownership of troubled Anbang Insurance Group, according to a Wall Street Journal report citing a June 22 statement by the regulator. 25 June 2018
Insurance
Crosswinds, a private equity firm focused on insurance, is planning to distribute all of its available capital to shareholders and dissolve the company, including its wholly-owned subsidiary Crosswinds Re. 25 June 2018
Insurance
Financial and professional lines dominate the adoption of the digital Placing Platform Limited (PPL) at Lloyd’s, binding just under 60 percent of their risk over the platform while most major classes are binding over 10 percent, according to data published by the London Market Group. 25 June 2018
Insurance
The Property Casualty Insurers Association of America (PCI) and the American Insurance Association (AIA) are in negotiations to merge the two US-based organisations, according to a joint statement. 22 June 2018
Insurance
AmTrust Financial Services stockholders have, at a special meeting held today, June 21, 2018, approved the proposed amended merger transaction which will take the insurer specialized in the coverage for small businesses private. 21 June 2018
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