News

Insurance

LIIBA warns members over no-deal Brexit

The London Insurance and International Brokers Association (LIIBA) is calling for its members to prepare for the possibility that the UK will leave the EU without a trade deal.   25 July 2018

Insurance

Tower Insurance capital raise, reinsurance deal reassure AM Best

AM Best has removed New Zealand’s Tower Insurance from under review with negative implications after a capital raise and a settlement agreement with Peak Re.   12 March 2018

Insurance

Howden expands in Africa through partnership with Tanzanian broker

Howden, the retail broking arm of Hyperion Insurance Group, has entered into a strategic partnership with one of Tanzania’s oldest insurance brokers BR Puri & Company by establishing a newly formed local entity, Howden Puri Insurance Brokers.   25 July 2018

Alternative Risk Transfer

Re/insurers brace themselves for $20bn hit from Florence

The re/insurance industry should brace itself for losses of between $15 billion and $20 billion, according to the guidance of risk modelling agencies and analysts.   13 September 2018

Insurance

Arthur J Gallagher celebrates strong 2018 results driven by acquisitions

Boost by some 48 acquisitions, Arthur J. Gallagher & Co enjoyed strong growth in 2018 with revenues and earnings in both its brokerage and risk management units well up on the year before.   1 February 2019

Insurance

Broker Howden expands Thai business via merger with Maxi

Howden, the retail broking arm of Hyperion Insurance Group, has merged its Thailand-based subsidiary with motor insurance broker Maxi.   1 February 2019

Insurance

Wilmington Trust adds to insurance collateral solutions team

Wilmington Trust has appointed Michael Ramsey as a client development officer for its insurance collateral solutions team, part of the company’s global capital markets division.   1 June 2018

Insurance

GRP promotes Bruce to group MD

Broking firm Global Risk Partners (GRP) has appointed Mike Bruce to the newly created role of group managing director.   17 December 2018

Insurance

Cyclone Herwart losses at €252m

The insured property losses caused by extratropical cyclone Herwart that affected Austria and Germany in October are estimated to be at €252 million, according to data provider PERILS.   11 December 2017

Insurance

PERILS reveals third UK floods estimate

PERILS, the Zurich-based organisation that provides catastrophe insurance data, has released its third estimate for the floods in the UK which occurred between 25 December 2015 to 14 January 2016.   24 June 2016

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