News
Insurance
The aviation insurance market faced further upwards pricing pressure in the first half of 2018 driven by “on-going underwriting discipline and three-tier market conditions,” according to the JLT’s most recent Airline Insurance Market Update. 18 July 2018
Insurance
Managing general agents (MGAs) are coming under growing pressure from Lloyd’s as part of the market’s profitability push while also grappling with the continued uncertainty around Brexit. But executives in the sector remain confident they can adapt and manage the challenges. 18 July 2018
Insurance
Managing general agents (MGA) showed optimism about the sector’s growth potential in the latest MGAA Matters survey conducted by the Managing General Agents’ Association (MGAA) with over 57 percent saying they expected the number of specialist and niche MGAs would increase. 18 July 2018
Insurance
American International Group (AIG) could potentially free up between $2 and $5 billion capital through the legacy portfolio transferred to DSA Re, a wholly-owned Bermuda-based reinsurer formed in February, 2018, according to Morgan Stanley research. 18 July 2018
Insurance
QBE North America, a specialist insurer and an operating division of Australia-based QBE Insurance Group, has partnered with AmWINS Program Underwriters (APU) to offer errors and omissions (E&O) coverage for architects, engineers and design (A&E) businesses. 18 July 2018
Insurance
Ethos Specialty Insurance Services, a managing general agency (MGA) and an Ascot Group company, has hired Kevin Mooney as senior vice president and head of small and medium enterprise (SME) casualty from CapSpecialty. 17 July 2018
Insurance
Broker Arthur J Gallagher has acquired North Barrington, Illinois-based The Jack Nebel Companies, a wholesale commercial insurance broker and managing general agency (MGA). 17 July 2018
Insurance
Zurich Insurance has appointed Enrico Bertagna to the new role of head of managing general agents (MGA) network for commercial insurance. 13 July 2018
Alternative Risk Transfer
The ILS capacity brings more efficient funding into the insurance market – and managing general agents (MGAs) must also take advantage of this, Grahame Chilton, CEO of Gallagher UK, told delegates at the MGAA 2018 conference in London today (July 12). 12 July 2018
Insurance
Advent Capital Holdings and Brit, both units of Fairfax Financial Holdings, are planning to merge some of their Lloyd’s business and place the rest into run-off following a detailed portfolio review. 12 July 2018
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