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Insurance
European life insurers will be the first to be impacted by the UK’s decision to withdraw from the EU but all parts of the insurance sector should prepare to adjust their group structure, according to a senior director at rating agency AM Best. 6 July 2016
Insurance
Japan-based Toa Reinsurance Company (Toa Re) and Barbican Insurance Group said on Oct. 27 that they have received ‘in principle’ approval from the Lloyd’s Franchise Board to establish Toa Re Special Purpose Arrangement (SPA 6132) to be backed exclusively by Toa Re. 27 October 2017
Insurance
RSA has agreed to sell its shareholding in Canadian broker Noraxis Capital Corporation to Arthur J. Gallagher for C$500 million ($460 million) as part of its aim of tightening the strategic focus of the group. 20 May 2014
Insurance
Specialty re/insurer Sompo Canopius has selected WNS, a provider of business process management (BPM) services to support the development of the business. 23 June 2016
Insurance
XL Catlin extended its global property insurance capacity to $400 million, an increase of more than 25 percent compared to its previous $300 million capacity, to accommodate increasing property values around the world and more complex risks. 9 September 2016
Insurance
Insurance brokerage Arthur J Gallagher has acquired Construction Risk Solutions (CRS) in Hunt Valley, Maryland, and Chicago-based consulting firm Gruppo Marcucci (GPM). 11 January 2017
Awards
Claiming yet another title, highly regarded reinsurer Swiss Re took top spot for reinsurance company of the year with GWP of more than $2 billion based on the methodology explained below. 14 September 2014
Insurance
United Insurance Holdings (UPC), a property/casualty insurance holding company, has raised $30 million through an offering of senior notes to private investors. 6 December 2016
Insurance
Endurance Specialty Holdings has introduced a new workers’ compensation product for the clients of Global Risk Solutions, a business line that targets middle market and large account risk management clients within select global industry verticals. 23 August 2016
Insurance
PwC has appointed Paul Delbridge to take on the role of London Market insurance leader from Jim Bichard. 31 January 2017
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