News

Insurance

Nexus strikes first of three M&A deals planned for 2018

Nexus Group has acquired Lloyd's coverholder and a specialist directors & officers and financial institutions (DOFI) MGA Apsley Specialty.   13 February 2018

Insurance

Innovation may boost insurance revenues by $375bn

Insurance carriers globally could seize $375 billion in new revenue in the next five years by transforming and revitalizing their businesses, according to a new report from consultancy firm Accenture.   13 February 2018

Insurance

Ryan Specialty snaps up Lodestar Marine

Ryan Specialty Group (RSG) has reached a definitive agreement to acquire Lodestar Marine, a managing general agent (MGA) in the protection and indemnity (P&I) fixed premium marine market.   13 February 2018

Insurance

SoftBank deal to bolster Swiss Re’s competitive advantage

Softbank’s communication and technology expertise and network of hi-tech investments would give Swiss Re a competitive advantage as the re/insurance sector adapts to transformational technologies that will over time test its business model, according to Moody’s.   12 February 2018

Insurance

ArgoGlobal, Barbican lead first Lloyd's motor treaty consortium

ArgoGlobal has led the first Lloyd’s market consortium for motor treaty business, according to a Feb. 12 press release.   12 February 2018

Insurance

XL Catlin appoints China CEO from Guy Carpenter

Re/insurer XL Catlin has appointed Phil Xue as chief executive officer of XL Insurance China.   12 February 2018

Insurance

Chinese firm bids for Greece’s Ethniki Hellenic General Insurance

Rongfeng Holding Group and a related party plan to acquire a majority stake in National Bank Of Greece's insurance unit Ethniki Hellenic General Insurance, according to a Reuters Feb. 12 report.   12 February 2018

Insurance

Cunningham Lindsey taps Crawford exec as Sweden CEO

Claims management firm Cunningham Lindsey has appointed Claes Frick as chief executive officer for Sweden.   12 February 2018

Insurance

Retakaful growth expectations disappoint

The increasing appetite for Islamic insurance has led many investors to view the retakaful sector as a growth opportunity, but retakaful players have recently run into difficulty or have exited the market, according to a report by AM Best.   12 February 2018

Insurance

Former RSG MGA CEO resurfaces at Ascot/Ethos

Ascot Group has appointed Jerry Tegan, former president and CEO of RSG Underwriting Managers, as the executive chairman of Ethos Specialty Insurance Services.   12 February 2018

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