Maury, Donnelly & Parr Acquires Maryland’s Campion Agency September 17, 2024 Baltimore-based Maury, Donnelly & Parr, Inc. (MDP) reported its acquisition of another Maryland insurance agency, Campion Insurance in Bel Air....
People Moves: AXIS Names Chubb’s Mitchell as Head of Global Markets, Succeeding Gregory; Marsh McLennan Names De Bremme as CEO of Belgium & Luxembourg September 17, 2024 This edition of International People Moves details appointments at AXIS Capital Holdings and Marsh McLennan. A summary of these new...
US Property Insurance Rates Fall for First Time Since 2017 September 17, 2024 By Alexandre Rajbhandari US property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid...
Russia’s RusChemAlliance Sues 5 European Banks Over Aborted Gas Project September 17, 2024 Russian company RusChemAlliance has filed new lawsuits against five European banks that stopped financing the construction of a gas project...
Howden Buys Foresight in Japan, Names Gallagher’s Aibe as CEO of Japan Retail Unit September 17, 2024 Howden, the London-based insurance intermediary group, announced its launch into the Japanese retail insurance broking and captive consulting and management...
Brazil Confirms Potential $18B Deal With Miners Involved in Deadly Dam Disaster September 17, 2024 By Marta Nogueira The Brazilian government confirmed on Monday it was in talks on a potential $18 billion payout from a trio of...
PwC Probe Spotlight Shifts to Hong Kong After Record China Fine September 17, 2024 By Kiuyan Wong The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm...
Private Equity’s Insurance Bets Raise Risks, BIS Researchers Say September 17, 2024 By Nicholas Comfort Private equity firms have changed the business models of life insurers they invest in, posing risks that are more likely...
Taiwan Regulator Rejects CTBC Takeover Attempt of Shin Kong September 17, 2024 Taiwan’s financial regulator rejected on Monday a takeover attempt by financial conglomerate CTBC of rival Shin Kong saying its plans...
Personal Lines Turnaround Fuels US P/C Industry Underwriting Gain September 17, 2024 A turnaround in the personal lines insurance segment results was a key driver of an overall $3.8 billion profit from...