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Canada's Intact to buy specialty insurer and MGA from Princeton Holdings for C$1bn

Canada, North America16-08-2019Insurance news, Reinsurance News, Specialty

Canadian property and casualty insurer Intact Financial Corporation has entered into a definitive agreement with Princeton Holdings to acquire The Guarantee Company of North America, a specialty lines insurer in Canada and the US, and Frank Cowan Company, a managing general agent (MGA) focused on specialty insurance, for approximately C$1 billion ($750 million) in cash.

Allianz creates new digital claims role in automation push

Europe16-08-2019Insurance news, Reinsurance News

Allianz Insurance has appointed Shelley Hughes to the newly created position of digital claims propositions manager.

Cobbs Allen unveils new specialty brokerage CAC to serve corporate and private equity clients

North America16-08-2019Insurance news, Reinsurance News, Specialty

US-based enterprise risk management agency Cobbs Allen has formed a new specialty insurance brokerage and investment banking platform to serve corporates and private equity clients. The company believes that current consolidation in the marketplace has created a need for an independent platform with scalability and the ability to move quickly and nimbly.

Travelers appoints first chief sustainability officer

UK16-08-2019Insurance news, Reinsurance News

Property/casualty insurer Travelers Companies has created a new position to lead its environmental, social and governance (ESG) efforts across the organisation.

Insured catastrophe losses at $19bn in H1 2019; Swiss Re highlights protection gap in emerging countries

Global15-08-2019Insurance news, Property cat, Reinsurance News

Insured losses from global catastrophe events were estimated at $19 billion in the first half of 2019, mainly driven by secondary perils such as thunderstorms and flooding events, according to the new Swiss Re sigma report.

Australian reinsurance and binder broker Wickshire gains Lloyd's approval

Australia, London15-08-2019Insurance news, Reinsurance News

Sydney-based independent reinsurance and binder placement broker Wickshire has been approved as a Lloyd’s of London broker.

Former Tokio Millennium Re CEO Hoshina joins risk trading insurtech AkinovA's board

Global15-08-2019Insurance news, Reinsurance News

AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has appointed founder and former CEO of Tokio Millennium Re Tatsuhiko Hoshina to join its advisory board.

Sedgwick creates new role to focus on Africa and Middle East expansion

EMEA15-08-2019Insurance news, Reinsurance News

Technology-driven risk solutions provider Sedgwick has hired Patrick Peters in a newly-created role to drive expansion across the Africa and the Middle East region.

Typhoon Lekima insured losses in China estimated to exceed $855m: AIR Worldwide

China15-08-2019Insurance news, Reinsurance News

Insured losses from Typhoon Lekima that ravaged parts of China this weekend is expected to exceed CNY 6 billion ($855 million), according to catastrophe risk modelling firm AIR Worldwide.

Sompo partners with Munich Re, XL-backed insurtech Slice to launch on-demand insurance in Asia

Asia Pacific15-08-2019Insurance news, Reinsurance News

Re/insurer Sompo Holdings and US-based insurtech Slice Labs have entered into a proof-of-value contract to offer a 'first-of-its-kind' on-demand insurance to the Asia Pacific region.

Showing 41 to 50 of 16903 results

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