News

Insurance

Marsh appoints new leaders for US, Canada energy and power

Broker Marsh has unveiled new leadership in its US and Canada energy and power practice with the appointment of Amy Barnes and Brad Vescarelli.   22 August 2019

Insurance

SSL Endeavour appoints group non exec chair Palmer-Brown and CFO Crossland as it finalises ‘significant’ aviation M&A

Specialist independent Lloyd’s broker SSL Endeavour has unveiled two “important” senior executive hires for the group on the same day it confirmed it was finalising the acquisition of Worldlink Holdings, a North American aviation brokerage and MGA.   21 August 2019

Insurance

Below average cat losses boost non-life profits in H1 2019: Fitch

Profitability for non-life reinsurers' underwriting rose in the first half of 2019 caused in part by below average catastrophe losses, which in turn helped to offset mixed results for life reinsurers, according to Fitch Ratings.   20 August 2019

Insurance

Guy Carpenter becomes ‘sole’ reinsurance intermediary for CEA California Wildfire Fund

The California Earthquake Authority (CEA) has appointed Guy Carpenter as sole reinsurance intermediary for its recently created California Wildfire Fund to develop a risk transfer and reinsurance strategy.   20 August 2019

Insurance

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

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.   16 August 2019

Insurance

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

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.   15 August 2019

Insurance

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

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.   15 August 2019

Insurance

Arch buys insurtech managing general underwriter Ventus Risk Management

Arch Insurance North America has entered into a definitive agreement to acquire insurtech managing general underwriter (MGU) Ventus Risk Management.   15 August 2019

Insurance

McGill & Partners acquires renewal rights to certain Marsh, JLT Specialty business

London-based McGill & Partners, a specialty risk solutions company, has signed an agreement with broker Marsh and JLT Specialty to acquire certain specialty business from Marsh in London.   15 August 2019

Insurance

Todd Jones leaves Willis Towers Watson to become QBE North America CEO

Broker Willis Towers Watson has appointed Adam Garrard as new leader for the corporate risk & broking (CRB) segment, replacing Todd Jones who is joining specialist insurer QBE Insurance Group as CEO North America.   15 August 2019

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