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

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

AmTrust-owned Composite buys General Legal Protection

Composite Legal Expenses, a wholly owned subsidiary of AmTrust, has agreed to buy the business and assets of York-based firm General Legal Protection.   25 January 2018

Insurance

Sompo widens M&A lens to seek entry to European & US commercial P&C

Sompo is happy to boast of its $5 billion M&A war chest—yet it has struggled to put it to good use. Now, the Japanese insurer has new ideas for the ‘flexible’ deployment of the cash stash, Sompo’s Nigel Frudd explains.   15 February 2022

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

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

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

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

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

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