News
Insurance
Lloyd’s chief financial officer has mooted the idea that brokers should reduce the commission they make on business placed in the market as a way of reducing the overall cost of using Lloyd’s. 26 January 2018
Insurance
Castel Underwriting Agencies (Castel), the managing general agent (MGA) platform, has launched its first corporate underwriting cell. 1 December 2015
Insurance
Twelve Capital Group has revealed that it was the lead investor in $45.5 million private debt transaction with Catalina General Insurance, a subsidiary of Catalina Holdings, Bermuda. 10 May 2017
Insurance
The Insurance Development Forum (IDF), a partnership of the World Bank Group, the United Nations Development Programme, and global insurers, has appointed Denis Duverne as chair of its steering committee, succeeding Stephen Catlin. 26 September 2018
Insurance
The American Association of Managing General Agents (AAMGA) has welcomed the news that Lloyd’s is to allow multi-year binding authority agreements of up to 36 months—a change that the AAMGA had wanted for many years. 27 October 2015
Insurance
Ryan Direct Group (RDG), the insurance services business and subsidiary of Ryan Specialty Group (RSG), is set to acquire managing general agent (MGA) Midas Underwriting. 7 January 2016
Insurance
The reinsurance market has entered a more promising era of hardening rates, but has still has a long way to go before progressing into a true hard market, according to IGI. 10 September 2019
Insurance
Acappella Group, the UK-based holding company funded by Willis and Ironshore, has appointed Liz Hanlon and Paul Russell to join its managing general agent (MGA) platform AAL. 20 December 2016
Insurance
The Lloyd’s Coverholder has launched a full suite of technology-enabled cargo insurance products for perishables. 16 April 2020
Insurance
Cyber is one of Munich Re’s main strategic growth areas, according to Doris Hopke, member of the board of management at the reinsurer. She said that while the cyber segment part of the firm’s market “is still small” the number of incidents is increasing rapidly, and the financial impact of these incidents is becoming more severe. 22 October 2019
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