News

Insurance

Broker Risk Strategies buys trucking and transportation specialist Winter Group

US insurance brokerage and risk management firm Risk Strategies has acquired California-based Winter Group, a specialty insurance programme manager with a focus on the trucking industry.   17 July 2019

Insurance

AJG: Ethiopian Airlines / Boeing crash to cost insurers over $1bn

The Ethiopian Airlines crash on the 10 March 2019, and the subsequent worldwide grounding of the Boeing 737 Max fleet, “could cost aviation insurers over $1bn combined”, the broker AJ Gallagher has estimated.   16 July 2019

Insurance

DARAG seals quota share reinsurance deal with Scandinavian insurer Protector Forsikring

European legacy acquirer DARAG Group has entered into a retrospective quota share reinsurance agreement with Scandinavian insurance company Protector Forsikring.   16 July 2019

Insurance

Apollo hires Fidelis' Nick Burkinshaw as chief underwriting officer to drive profitable growth

Apollo Syndicate Management, an independent specialist re/insurer at Lloyd’s, has appointed Nick Burkinshaw to the newly-created board level position of chief underwriting officer (CUO).   16 July 2019

Insurance

Gallagher names Nick Burns CEO of employee benefits consulting division in UK

Insurance brokerage and risk management firm Arthur J Gallagher has named Nick Burns as new chief executive officer (CEO) of its employee benefits consulting division in the UK.   16 July 2019

Insurance

BP Marsh acquires AU$1.47m stake in Australian firm Agri Services

Insurance investment company BP Marsh & Partners has acquired 36 percent equity stake in Sydney-based Agri Services Company for an initial cash consideration of AU$1.47 million (£817,000), and further consideration of up to AU$1.13 million (£628,000) may become payable.   16 July 2019

Insurance

Willis Towers Watson appoints Dunlap as head of North American construction

Broker Willis Towers Watson has appointed Jim Dunlap as head of construction broking in North America.   16 July 2019

Insurance

Mercer strikes five-year longevity risk partnership with Club Vita

Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies, has entered into a five-year partnership with longevity analytics firm Club Vita.   15 July 2019

Insurance

Universal appoints Donaghy as new CEO, Downes to become executive chair

Florida-based Universal Insurance Holdings has appointed current chief operating officer Stephen Donaghy as its new chief executive officer (CEO).   12 July 2019

Insurance

MS Amlin pulls back from Indian reinsurance market following group-wide performance review

MS Amlin, the first re/insurer to join Lloyd's India office, has informed the Indian regulator IRDAI that it has decided to discontinue business operations in India as part of a group-wide review of its operating structure and performance.   11 July 2019

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