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Insurance
Private equity firm KKR and Canada-based Caisse de dépôt et placement du Québec (CDPQ) are set to acquire US insurance brokerage and consulting firm USI Insurance Services. 17 March 2017
Insurance
Lloyd’s insurance broker and coverholder Shepherd Compello has appointed Steve Hart as divisional director responsible for delegated authority business, as the company looks to grow in its specialist markets. 2 February 2017
Insurance
Channel Insurance Brokers (CIB), part of the PIB Insurance Group, has appointed Tony De Sousa to its board of directors, effectively immediately. 5 October 2016
Insurance
Large-scale ransomware attacks, such as the ‘WannaCry’ on May 13-15, are highlighting the vulnerabilities in companies’ IT systems, which is in turn likely to increase the demand for related insurance protection. But Fitch Ratings warns insurers against aggressive expansion. 17 May 2017
Insurance
Bermuda-based property/casualty re/insurer Sompo International is acquiring the renewal rights to Novae’s financial institutions (FI) portfolio which had annual gross written premiums in excess of $25 million. 31 May 2017
Insurance
Bermuda-based Everest Re Group has appointed Christopher McKeon to lead the commercial casualty unit within the risk management group of its subsidiary, targeting upper middle market clients within select industry segments. 29 March 2017
News
The Reinsurance Association of America (RAA) has appointed Nicole Austin as senior vice president, federal affairs. 25 April 2017
Insurance
The inability of the reinsurance sector to materially raise rates after 2017's major catastrophe losses shows that the traditional catastrophe reinsurance business model is "permanently" impaired, which, along with other factors, should drive sustained consolidation, according to KBW analysts. 25 May 2018
News
As money continues to pour into insurtech ventures, there is evidence that only the big, global technology players and true venture capital firms have pockets deep enough to precipitate true disruption in the insurance space. Simon Hayes investigates where this will leave the incumbent players. 11 December 2018
Insurance
In a softening market, it is detrimental for both sides to take out a multi-year contract, according a senior reinsurance buyer. 10 March 2015
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