People Moves: Everest Re Promotes Wallace as Head of UK Branch and CUO; Swiss Re Corporate Solutions Names Rüsch as Head of DACH Region January 8, 2024 This edition of International People Moves details appointments at Everest Reinsurance and Swiss Re Corporate Solutions A summary of these...
Rokstone to Grow N.A. Marine Portfolio With $25M Allianz-Backed Partnership January 8, 2024 Specialty MGA Rokstone of the Aventum Group announced a significant enhancement to its North American marine operations. Allianz Commercial has...
China Broker TIAN RUIXIANG Agrees to Buy Hong Kong’s Peak Consulting Services January 8, 2024 TIAN RUIXIANG Holdings Ltd., the Beijing, China-based insurance broker, announced its subsidiary TRX HongKong Investment Ltd., has entered into a...
Majesco Acquires Decision Research Corp. Insurance Software Business January 8, 2024 Majesco, a cloud insurance software provider for the insurance business, announced it has acquired the Decision Research Corporation (DRC) business....
Markets/Coverages: Lloyd’s Announces 1st 144A Cat Bond on Its London Bridge Platform January 8, 2024 Lloyd’s, the re/insurance marketplace, announced that the first 144A catastrophe bond has been issued on its risk transformation platform London...
Gallagher Acquires German Specialty Broker Köberich Financial Lines January 8, 2024 Gallagher announced it has acquired Köberich Financial Lines. Terms of the transaction were not disclosed. Köberich specializes in D&O insurance,...
FEMA Adds Nearly $620M to Reinsurance Program January 8, 2024 FEMA announced that the agency is transferring $619.5 million more of the National Flood Insurance Program’s financial risk to the...
Affinity Hires Revenue Chief, NC DOI Elevates Counsel to Chief Operating Officer January 8, 2024 Affinity Advisors, providers of a digital platform for securing specialty insurance, has named a former Aon and Marsh McLennan executive...
North Carolina Rate Bureau Wants 42% Hike in Residential Property Insurance Rates January 8, 2024 The North Carolina Rate Bureau, basing its calculations on input from 197 property insurance companies, has asked for a 42%...
Because ‘Location’ Is Ambiguous in Marine Cargo Policy, Travelers Must Pay Fire Loss January 8, 2024 A New York-based apparel company is entitled to its claim for the full $600,000 limit on its marine cargo insurance...