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Global broker Arthur J Gallagher & Co has entered into an $800 million unsecured credit facility, expiring on April 8, 2021, with a group of financial institutions led by Bank of Montreal, Bank of America Merrill Lynch, Barclays Bank, Citibank and JP Morgan Chase Bank. 12 April 2016
Insurance
PERILS, a provider of catastrophe insurance data, has entered a strategic alliance with Toronto-based Catastrophe Indices and Quantification (CatIQ) to provide industry loss data for Canada. 1 February 2017
Insurance
Investment manager Hudson Structured Capital Management has invested $20.1 million in preferred shares in a reinsurance vehicle that will assume $35.3 million of seasoned workers’ compensation liabilities. 6 June 2017
Insurance
In September 2016, broker Cooper Gay rebranded as Ed, sparking much discussion across the industry. 14 November 2017
Insurance
US-based provider of risk management solutions Assurant has appointed Carey Roberts to the role of executive vice president, chief legal officer and corporate secretary. 16 August 2017
Insurance
Altitude Risk Partners, an underwriting cell backed by capacity from Barbican Insurance Group, HDI-Gerling Industrie Versicherung and Sompo Japan Insurance on a quota share basis, has revealed plans to underwrite a worldwide portfolio of airlines, manufacturing products, general aviation, war and space risks. 22 January 2014
Insurance
Argo Pro, a subsidiary of specialty re/insurer Argo Group, has appointed Mary Henderson as senior vice president, head of financial institutions, and Dan Gmelin as vice president, underwriting, architects and engineers (A&E). 29 June 2017
Insurance
Broker Willis Towers Watson has hired QBE's Jill Stewart as head of FINEX Australasia to further strengthen its capability in the financial and professional lines. 29 June 2017
Insurance
The World Bank (International Bank for Reconstruction and Development) has launched bonds that will support the Pandemic Emergency Financing Facility (PEF), which will channel first-response surge funding to developing countries facing the risk of a pandemic. 29 June 2017
Insurance
A new insurance broker has been launched in the UK designed to cater for the lesbian, gay, bisexual, and transgender (LGBT) community, a section of society the company claims is unhappy with the way its members are treated by insurers. 31 March 2016
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