News
Insurance
New Jersey-based Specialty Program Group (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired specialty insurance programme manager The Mechanic Group. 12 August 2019
Insurance
CIC Services, a risk management and consulting firm specialising in the formation and operation of captive insurance companies, has launched a new reinsurance pool for property and casualty (P&C) coverages. 12 August 2019
Insurance
Broker Brown & Brown has has acquired substantially all of the assets of Virginia-based independent insurance broker WBR Insurance, which operated until recently as part of Nationwide Mutual Insurance Company’s exclusive distribution model. 9 August 2019
Insurance
Most of the top 20 reinsurers have switched strategy to take advantage of the price uptick, seen during the April, June and July 2019 renewals, by increasing their exposure to catastrophe risk, a report from S&P Global has found. 9 August 2019
Insurance
UK's life and general insurer Aviva has said that the company is "considering a range of options" to enhance its Asian business as new CEO Maurice Tulloch looks to re-energise the business with a fresh growth strategy. 8 August 2019
Insurance
Property/casualty insurer Travelers Companies has appointed David Rowland and Daniel Yin to executive vice president and co-chief investment officer, effective immediately. 8 August 2019
Alternative Risk Transfer
The insurance-linked securities (ILS) market declined year-on-year in the second quarter of 2019, making it the second-lowest Q2 for issuance by volume in the past eight years, except for 2016. 7 August 2019
Insurance
Previsico, an insurtech spin-out of the Loughborough University specialising in flash flood forecasting technology, is launching into the insurance sector following a seed funding round. 7 August 2019
Insurance
Specialist insurer Beazley has appointed three new underwriters from CNA, Chubb and The Hartford to its US cyber & technology team that the company claims has grown by 25 percent in the past two years. 7 August 2019
Insurance
Technology-driven risk solutions provider Sedgwick has acquired Nordic Loss Adjusting (NLA) and related entities in order to strengthen its presence in the Nordic region. 7 August 2019
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