Lloyd’s has upgraded ERS, formerly Equity Red Star, Syndicate 218’s status for readiness for Solvency II from red to amber.
Arch Insurance Europe has acquired Melbourne-based managing general agency Resource Underwriting Pacific (RUP).
Lloyd Warwick International, the specialist firm of energy loss adjusters and insurance consultants set up last year, has opened offices in Singapore, New York and Perth.
AM Best has assigned a financial strength rating of A- (Excellent) to Kelvin Re (Guernsey), a start-up company providing short-tail property and specialty lines reinsurance.
Liberty Mutual enjoyed a strong third quarter as its profits hiked 26.6 percent and it benefitted from its stop loss reinsurance agreement with Berkshire Hathaway.
Hong-Kong-based reinsurer Peak Re has refused to comment on rumours that it is in talks to acquire Sirius Group.
Arthur J. Gallagher (AJG) has acquired California based Discovery Benefit Solutions (DBS).
Swiss Re Corporate Solutions has completed the 51 percent acquisition of Compania Aseguradora de Fianzas (Confianza).
Lloyd’s insurer Novae Group has appointed Selina Lu as a marine liability class underwriter, responsible for increasing Novae’s presence across the Asian insurance markets.
Lloyd’s coverholder Equinox Global has added Amlin and The Channel Syndicate to its binder panel, increasing the number of carriers on the panel from seven to nine.