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Insurance
Global Risk Partners (GRP), a private-equity-backed investment vehicle aimed at brokers and managing general agents (MGAs), has completed the acquisition of commercial and personal lines insurance broker Higos. 2 March 2017
Insurance
Ryan Specialty Group (RSG), a specialty insurance services business based in Chicago, has completed the acquisition of specialty marine managing general agency (MGA) Trident Marine Managers. 2 March 2017
News
Ariel Re, a subsidiary of Bermuda-based Argo Group, has launched the Xuber for Reinsurers platform across its Lloyd's and Bermuda businesses. 2 March 2017
Insurance
Broker Willis Towers Watson (WTW) has completed the acquisition of OAAGC's team and book of business following a week-long negotiation with the French aviation brokerage firm. 2 March 2017
Insurance
Bahrain regulated reinsurer Arab Insurance Group (Arig) has received a license from Dubai Financial Services Authority to operate its wholly owned new reinsurance subsidiary Arig Insurance Management (AIM) which will mainly focus on facultative specialty lines with underwriting authority from Arig. 2 March 2017
Insurance
Ratings agency AM Best said it will monitor the situation after Bermuda-based Maiden Holdings delayed the filing of the company’s 2016 annual report by up to 15 days. 2 March 2017
Insurance
US-based property/casualty insurer Liberty Mutual Holding Company reported attributable net income of $1.01 billion for 2016, an increase of $492 million versus the same period in 2015. 2 March 2017
Insurance
Bermuda-based XL Group has said that it expects the UK’s Ogden rate change decision to cost the re/insurer around $75 million. 1 March 2017
Insurance
The UK Government has startled the re/insurance industry by decreasing the personal injury (Ogden) rate by far more than had been expected, causing companies to revise their profit results mid-reporting season. 1 March 2017
News
Hannover Life Reassurance Company of America, the US unit of Germany's Hannover Re, has appointed Clint Thompson to succeed chief financial officer (CFO) David Wheat, who is set to retire in June-end. 1 March 2017
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