News

Insurance

IGI insurance locks down Norwegian MGA partner in overdue M&A deal

IGI had an exclusive MGA deal with the target from 2009, then talked integration from 2022.   15 March 2023

Insurance

VIG draws 2022 growth from CEE, but lacks visibility for 2023 forecast

CEE brought 17% premium growth including consolidations, versus 2.2% in home market.   15 March 2023

Insurance

US insurers likely had $1.16bn invested in failed banks

Insurers incomparable to banks given stable liability profile & solvency measures.   15 March 2023

Insurance

PERILS pegs New Zealand floods at $1.02bn at first glance

Floods may be largest weather-related New Zealand insurance loss, third largest cat event.   15 March 2023

Insurance

Sedgwick plucks claims guru from Covéa for UK private client leadership

New talent follows the 2022 addition of new private client development director in 2022.   15 March 2023

Insurance

Howden adds to the European stable, picks up brokerage via Swiss unit

Howden’s Swiss unit was launched in 2021 and is now out to 75 employees across seven offices.   15 March 2023

Insurance

Louisiana draws nine insurers to P&C market on subsidy offer

Insurer subsidy requests ran 1/3 over budget; some 55,000 homes could get cover.   15 March 2023

Insurance

Westfield Specialty builds out management liability, more lines pending

Expansion of offer goes hand in hand with extension of admitted capacities across US states.   14 March 2023

Insurance

Lloyd’s rejigs c-suite in bid to hone focus on Blueprint Two & London Bridge

Lloyd’s lightens the load for CFO Keese, increasing oversight on long-term initiatives.   14 March 2023

Insurance

Florida insurer of last resort adds exposures at accelerating pace

Citizens is taking on pricy properties: exposures are growing grow at half again the pace.   14 March 2023

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