Arthur J. Gallagher & Co. Buys New Zealand’s Matt Jensen Insurance Brokers October 19, 2021 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Taupo, New Zealand-based Matt Jensen Insurance...
Gallagher Completes Acquisition of India’s Edelweiss Gallagher Insurance Brokers October 18, 2021 Arthur J. Gallagher & Co., the Rolling Meadow, Ill.-based broker, announced it has completed its acquisition of Mumbai, India-based Edelweiss...
FWD Group’s $2 Billion Insurance IPO Stalls in U.S.: Sources October 18, 2021 By Manuel Baigorri and Julia Fioretti Billionaire Richard Li’s U.S. initial public offering of his Asian insurance group, FWD Group Holdings Ltd., is stalling amid regulators’...
Guy Carpenter Launches European Wildfire Risk Score as Exposure Management Tool October 18, 2021 Guy Carpenter & Co., the reinsurance business of Marsh McLennan has announced the launch of a Wildfire Risk Score designed...
Hub International Acquires Canadian Employee Benefits Broker Rogersworks Inc. October 18, 2021 Hub International Ltd., the Chicago-based global insurance brokerage and financial services firm, announced it has acquired the assets of Rogersworks...
China Provides Assurances that Evergrande Crisis Is Being Contained October 18, 2021 By Sofia Horta e Costa For months in the runup to the 2008 financial crisis, banking heavyweights from Federal Reserve Chair Ben Bernanke on down...
Munich Re, Hannover Re Expect Rising Prices After Floods in Germany October 18, 2021 German reinsurance companies Munich Re and Hannover Rueck said on Monday they expect rising prices for their business in Europe...
Twins Who Built $1.3B Marshmallow Car Insurance Startup as Industry Challenger October 18, 2021 By Ronan Martin For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on...
Canary Islands’ Volcanic Eruption Reminds Insurers of Challenges of Non-Modeled Perils October 18, 2021 The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of...
Electric Scooter Providers Plan Selective Expansion, Seeking Scale to Survive October 18, 2021 By Nick Carey and Carolyn Cohn The era of breakneck growth for electric scooter firms is giving way to more selective expansion focused on profits as...