Specialist Risk Group (SRG), a London-based specialist insurance broker, announced it has acquired KBIS British Equestrian Insurance, a well-established broker within the equestrian market. Financial details of the transaction were not disclosed. Purchased by Guy and Liz Prest in 1991, …
BMS Group Ltd., the London-based independent specialist insurance and reinsurance broker, announced the launch of its Asia broking operations, headquartered in Singapore and with proposed operations in Hong Kong, pending regulatory approval. BMS Asia will initially focus on M&A insurance …
Price increases at the Jan. 1, 2021 reinsurance renewals were moderated compared to initial expectations as a result of abundant capital levels and an increased willingness on the part of reinsurers to deploy capacity in several sectors, according to reinsurance …
South African medical-insurance companies, business organizations and the government are developing a program in which the private sector will help fund COVID-19 vaccines for people not covered by insurance. Legislation has been amended to allow the companies to fund shots …
An appellate court in Florida has upheld the right of policyholders to assign their right to collect benefits from an insurance claim to contractors, reversing trial court rulings in favor of insurers. The Florida 3rd District Court of Appeals ruled …
The Iowa Supreme Court on Dec. 31 severely limited the financial damages that can be awarded for injuries and deaths caused by state police officers who are found to have used excessive force. The court ruled 6-1 that punitive damages, …
Ryan Specialty Group LLC (RSG), based in Chicago, has added John Zern as president and chief executive officer of Ryan Specialty Benefits. Zern will lead the development of Ryan Specialty Benefits, which focuses on wholesale benefits brokerage and managing general …
Spending her life in Los Angeles, Morgan Andersen knows natural disasters all too well. In college, an earthquake shook her home hard. Her grandfather was affected by recent wildfires in neighboring Orange County. “It’s just that constant reminder, `Oh yeah, …
Several leaders of the insurance industry joined nearly 200 New York corporate executives in a letter urging members of Congress to certify the election of Joe Biden as President without delay this week and support a smooth transition of power. …
UnitedHealth Group Inc. takes the top spot in AM Best’s ranking of the world’s 25 largest insurance companies for a sixth straight year, with $189.7 billion in net premiums written (NPW) in 2019. In addition, Allianz SE and Prudential Financial, …
