News

Insurance

MGA launches in Hong Kong under former Nexus executive

London-based insurance broker HWI International Group is launching a new managing general agent (MGA) in Hong Kong to begin underwriting on July 1, 2018.   16 April 2018

Insurance

Fintech: emerging risks in a $4tr growth market

As the significance of technology in financial services increases, Deb Chamian, director at Markel Specialty, advocates a holistic approach to stop risk from derailing its progress.   17 August 2023

Insurance

Brown & Brown acquires US MGU Health Special Risk

Insurance broker Brown & Brown has acquired US-based Health Special Risk (HSR), a provider of third-party administration (TPA) and managing general underwriting (MGU) services for special risk and accident & health insurance.   2 July 2018

Insurance

NAGICO-Swiss Re sign 2019 XoL reinsurance renewal at sea

NAGICO Group, one of the largest privately-owned general insurance companies in the Caribbean, renewed a substantial excess of loss treaty with Swiss Re on Jan 1 – and, in a symbolic gesture, signed the deal at sea.   8 January 2019

Insurance

AIG extends tax asset protection plan

The plan is designed to discourage any person from becoming a 5-percent shareholder.   12 December 2019

News

Greenlight Re Ireland appoints former Liberty exec as CEO

Specialist property/casualty reinsurer Greenlight Re Ireland, a subsidiary of Greenlight Capital Re, has promoted a former Liberty Insurance executive to the position of chief executive officer.   16 March 2017

Insurance

Global insurance M&A up but COVID-19 uncertainty to bring lull in 2020, finds report

A new report highlights lack of mega deals; mixed outlook for Europe depending on the length and depth of the recession.   17 August 2020

Insurance

Mitsui Sumitomo bolsters Africa network with strategic alliance

Mitsui Sumitomo Insurance Company Europe (MSIEU), a wholly owned subsidiary of MSI, has concluded strategic alliance agreements with ICEA LION General Insurance Company in Kenya, and International Commercial and Engineering Seguros (ICE) in Mozambique.   4 July 2018

Insurance

AIG appoints Arch insurance chairman as Lexington CEO

American International Group (AIG) has appointed David McElroy as CEO of its surplus lines insurer Lexington Insurance Company.   2 August 2018

Insurance

Aspen Re CUO Emil Issavi moves to Ryan Specialty Group; replacement revealed

Aspen Re president and chief underwriting officer and managing director of the Americas, Emil Issavi, is leaving the re/insurer to join specialty insurance services business Ryan Specialty Group (RSG).   31 May 2019

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