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Insurance
Niche venture capital provider BP Marsh has acquired a 20 percent stake in South African Property And Liability Underwriting Managers (PLUM) for £300,000. 3 July 2015
Insurance
Capita Insurance Services has concluded a transaction to finance the development of Infinity Agency, a managing general agent (MGA) that specialises in high net worth motor insurance, by taking a minority equity stake in it. 26 February 2014
Insurance
Reinsurance rates did not increase by as much as expected in the year-end renewals as many reinsurers conceded ground to clients as the date neared, particularly in non-loss affected areas, according to JLT Re’s Retrospective Renewal Report. 3 January 2018
Insurance
Liberty Mutual’s national insurance property operation has appointed Dan Feige as division underwriting manager for its inland marine division. 17 July 2015
Insurance
Reinsurance remains a very attractive option for insurers in the current economic environment, especially because it is now so flexible, David Flandro, global head of JLT Re’s analytics division, told Monte Carlo Today. 13 September 2016
Insurance
The high level of negativity in the market flowing from concerns around soft rates, low investment returns and subsequent dwindling margins is, in fact, misplaced and ignores many positives the market should instead focus on. 13 September 2016
News
Lebabon-based reinsurer Chedid Re has opened new office in Casablanca Finance City (CFC), as part of its expansion strategy to increase the company’s presence in North and West Africa. 9 December 2015
Insurance
The chief operating officer (COO) of Towergate, Michael Rea, has stepped down amid a restructuring of the firm. 27 February 2015
News
Fitch Ratings has downgraded PartnerRe’s insurer financial strength (IFS) rating to A+ from AA-. 21 March 2016
Insurance
ACR Capital Holdings has appointed Bobby Heerasing as deputy group chief executive and deputy chief executive of its fully owned subsidiary Asia Capital Re. 12 June 2017
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