Towergate Buys AFL Retail Team, Following a Separate AFL Team Move Last Week March 25, 2021 By L.S. Howard Towergate Insurance Brokers announced it has exchanged contracts to purchase the corporate retail book of business from AFL Insurance Brokers,...
UFG Insurance to Diversify Risk Profile by Expanding into Reinsurance Across U.S. March 23, 2021 By L.S. Howard UFG Insurance is looking to diversify across the U.S. by expanding into assumed reinsurance business – partly via quota share...
BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble March 11, 2021 By L.S. Howard See a need and then fill it. That’s the secret of most successful businesses—and that was the driving motivator of...
Reinsurers Saw ‘Good’ Rate Hikes in January Renewals, but Will Be Asking for More: S&P March 2, 2021 By L.S. Howard Global property and casualty reinsurers saw “good” rate increases during the January 2021 renewals but they came up short of...
Finland’s Sampo Steps Up Move to Become Pure Insurance Group, Cutting Nordea Stake February 24, 2021 By L.S. Howard Finnish financial group Sampo plc is continuing its transformation into a pure insurance group with an announcement that it will...
Lloyd’s Expects to Reopen Underwriting Room in April or May February 19, 2021 By L.S. Howard Lloyd’s expects to reopen its underwriting room on Lime Street in London after Easter from April 12, or after the...
EC Pauses Investigation; CEO Says Aon-Willis Merger Still on Track to Close in 1st Half February 9, 2021 By L.S. Howard and Andrew G. Simpson The merger of Aon with Willis Towers Watson is on course to close in the first half of 2021, said...
Initial Reactions to UK Supreme Court’s Ruling on Business Interruption Claims January 15, 2021 By L.S. Howard Insurers, policyholders and industry observers have issued comments on the UK Supreme Court’s ruling that insurers should pay small businesses...
Lloyd’s Moves to End Insurance and Investments in Coal for Climate Sustainability January 11, 2021 By L.S. Howard The Lloyd’s market is moving to end its insurance cover for coal and oil sands businesses while at the same...
Insurance Journal’s Most Noteworthy Topics of 2020: International December 29, 2020 By L.S. Howard COVID-19 and mergers and acquistions were just two of noteworthy topics of 2020 covered by the International section of Insurance...