News

Insurance

MGA capacity set to grow but carriers split on direction of travel, finds Clyde & Co survey

Fourth fifths (80 percent) of carriers expect to increase MGA capacity in 2019, according to a survey of more than 100 insurers and MGAs conducted by global law firm Clyde & Co.   1 July 2019

Insurance

Gallagher acquires P&C broker Gillis, Ellis & Baker

Broker Arthur J Gallagher has acquired US-based commercial retail property/casualty broker Gillis, Ellis & Baker.   31 July 2019

Insurance

Tropical storm Michael to turn into hurricane

Tropical storm Michael is expected to become a hurricane and carry strong winds and rain to Cuba, Florida and southern Georgia, according to the National Hurricane Center (NHC).   8 October 2018

Insurance

Swiss Re unveils parametric haze solution in Singapore

Swiss Re’s commercial insurance unit Swiss Re Corporate Solutions has launched a standalone parametric-based haze insurance solution for businesses operating in Singapore.   8 October 2018

Insurance

Gallagher snaps up Australian broker The Protectors Group

Insurance brokerage and risk management firm Arthur J Gallagher has acquired The Protectors Group (TPG), an Australian retail broker specialising in construction, hospitality and transport coverage for commercial and corporate clients in Greater Western Sydney.   4 June 2019

Insurance

Beale to step down from Lloyd’s at year end

Inga Beale, the chief executive of Lloyd’s, will step down at the end of the year after four years in the role, according to market sources.   29 June 2018

Insurance

Probitas 1492 bolsters financial lines unit with QBE hire

Lloyd's underwriting syndicate Probitas 1492 has hired Mark Smith from QBE to join its financial lines team as senior underwriter for management liability.   17 January 2018

Insurance

Freddie Mac completes $300m reinsurance transaction

The US Federal Home Loan Mortgage Corporation, Freddie Mac has auctioned off a pool of residential mortgage insurance contracts in a deal which will provide a maximum limit of up to approximately $300 million of losses on single-family loans under its Agency Credit Insurance Structure (ACIS) programme.   28 June 2018

Insurance

Change pandemic response or risk long-term damage, warns Airmic

Airmic urges brokers and insurers to demonstrate fairness and flexibility with regards to claims and renewals amid COVID-19.   12 May 2020

Insurance

New Hiscox-backed MGA plans to transform personal lines business

A digital-focused, broker-only MGA can meet the challenges and opportunities of a radically altered business environment: Gott.   2 September 2021

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