News
Insurance
New Jersey-based Specialty Program Group (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired specialty insurance programme manager The Mechanic Group. 12 August 2019
Insurance
CIC Services, a risk management and consulting firm specialising in the formation and operation of captive insurance companies, has launched a new reinsurance pool for property and casualty (P&C) coverages. 12 August 2019
Insurance
Insurance Australia Group (IAG) has appointed Peter Horton as new group general counsel. 12 August 2019
Insurance
Argo Group, the specialty re/insurer, has confirmed it will introduce proposals to cut the number of board directors from 13 to 11 and change the way they are elected, as well as confirming changes to executive pay. 9 August 2019
Insurance
Broker Brown & Brown has has acquired substantially all of the assets of Virginia-based independent insurance broker WBR Insurance, which operated until recently as part of Nationwide Mutual Insurance Company’s exclusive distribution model. 9 August 2019
Insurance
Bermuda-based specialty re/insurer Sompo International Holdings has formed a new team offering insurance solutions to smaller businesses in the US and Mexico, including its industry vertical and Asian interest accounts. 9 August 2019
Insurance
Specialist managing general agent (MGA) Landmark Underwriting has hired Michael Comfort as senior professional indemnity (PI) underwriter. 9 August 2019
Insurance
Bermuda-based Sirius International Insurance Group's results were negatively impacted in the second quarter and first half of 2019 due to unfavourable prior year loss reserves relating to Typhoon Jebi. 9 August 2019
Insurance
Global commercial insurance rates were up 6 percent in the second quarter 2019, marking the seventh consecutive quarter of price increases, new data from Marsh has revealed. 9 August 2019
Insurance
Most of the top 20 reinsurers have switched strategy to take advantage of the price uptick, seen during the April, June and July 2019 renewals, by increasing their exposure to catastrophe risk, a report from S&P Global has found. 9 August 2019
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