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Aspen Insurance, the insurance segment of Aspen Insurance Holdings, has acquired Blue Waters Insurers, a specialist marine managing general agency (MGA), based in San Juan, Puerto Rico. 1 November 2016
Insurance
PIB Insurance Brokers has entered into an agreement to acquire Carmichael & Partners, an Aberdeen-based general insurance broker specialising in in the delivery of bespoke professional services to businesses in Aberdeen and North of Scotland. 1 November 2016
Insurance
Specialist insurer Markel International has acquired Galleon, a London-based managing general agent (MGA) specialising in marine professional indemnity and cargo liability business. 1 November 2016
Alternative Risk Transfer
Blue Capital, a Bermuda-based holding company which offers collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities posted net income of $3.3 million for the third quarter of 2016, compared to $4.4 million for the same period in 2015. 1 November 2016
Insurance
Allied World posted a net profit in the third quarter of 2016 after a loss in the same period a year ago. 1 November 2016
Insurance
As much as reinsurers might wish for a big loss to trigger a hard market, that is unlikely given the capital waiting in the wings. 1 November 2016
Alternative Risk Transfer
Peer-to-peer insurer Lemonade has appointed William (Bill) Latza as its chief compliance officer and general counsel. 1 November 2016
Insurance
As much as reinsurers might wish for a big loss to trigger a hard market, that is unlikely given the capital waiting in the wings. In fact, only the fear generated by an unpleasant surprise would change the current market dynamic, Intelligent Insurer hears. 1 November 2016
Insurance
The International Underwriting Association (IUA) has established a London Market group to examine the future impact of technology on underwriting. 31 October 2016
Insurance
Usage-based insurance (UBI) will help motor insurers to reduce expenses by facilitating claims processes and combating fraud. Moreover, the technology will allow for the addition of services to the insurance product and enable higher premiums, said Pravar Gautam, vice president Asia & EMEA at Scope Technologies. 31 October 2016
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