The UK Financial Conduct Authority (FCA) has found no significant issues to “merit the introduction of intrusive remedies”, following its review of the wholesale insurance brokers market.
German-based Allianz Group has increased the size of its digital investment unit Allianz X, making it one of the largest corporate venture funds in Europe.
Global Risk Partners (GRP), a specialist investment vehicle for brokers and managing general agents (MGAs), has acquired a UK-based firm with a portfolio of nine leading specialist insurance broking and managing general agency (MGA) businesses.
Business insurance specialist QBE European Operations has implemented its post-Brexit plans, following its Part VII transfers coming into effect on January 1, 2019.
The venture-backed full-stack US insurtech startups continued to show rapid premium growth in the second quarter of 2018 with moderately lower underwriting losses but they have yet to generate a sustainable loss ratio under 100 percent, according to “The Second Quarter in InsurTech Start-up Financials” by Matteo Carbone.
Asian life and general insurer FWD Group has held preliminary discussions with investment banks about a possible initial public offering (IPO) as part of regular meetings about the insurer’s strategy, Bloomberg News reported citing people familiar with the matter.
New Zealand’s Serious Fraud Office is now investigating CBL Insurance and associated entities, adding to investigations by the Reserve Bank and Financial Markets Authority.
The need for businesses to have chief risk officers (CROs) as a single person to oversee all aspects of risk is greater than ever, says a new report from Airmic and international consultants Oliver Wyman with support from Marsh.
Crawford & Company (Canada), a provider of claims management solutions, has appointed Sandra Harbans to its Lloyd’s unit as director of operations. Harbans has previously worked for SCOR and Northbridge.
US-based IMA Financial Group has hired Anna Ewing, a former chief financial officer of Vodafone Americas, as its chief operations officer.