Broker Arthur J Gallagher has acquired Maryland specialty wholesale and managing general agency (MGA) Tri-State General.
Admin Re, the life legacy unit of Swiss Re, has agreed to acquire a book of life and annuity policies from HSBC.
Insurer Ironshore has launched insurance coverage for passengers and participants in sub-orbital space flights through its Lloyd’s Syndicate (Pembroke).
Castel Underwriting Agencies, the club-style MGA formation platform, has appointed Mark Posner as its chief operating officer.
The market is nearing the bottom of a very aggressive pricing cycle, according to John Charman, chief executive of Endurance Specialty, who added that competition in the market is healthy.
Novae Group, the specialist listed Lloyd’s insurer has appointed Anne Plumb, formerly of Mitsui Sumitomo Insurance, as unit head of international open market property.
Sergio Balbinot has extended his mandate as president of Insurance Europe for another year, at the unanimous request of members.
The expected renewal of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is likely to lead to the imposition of higher deductibles and risk retentions on US P&C insurers, according to Moody’s.
The board of directors of Assicurazioni Generali has resolved to exercise the demerger option from Telco.
The reinsurance industry will likely see more merger and acquisition (M&A) activity in the coming years as competitive pressures within the sector increase, according to speakers at the Standard & Poor's Ratings Services' 30th Annual Insurance Conference this week.