BMS Re Launches Bermuda Unit, Led by Former Alterra Executive Mullan August 2, 2021 BMS Re, the London-based independent reinsurance broker, announced the launch of BMS Re in Bermuda. Once necessary visa and regulatory...
Aon’s Price Tag for Scrapped Deal to Buy Willis Rises to $1.4B August 2, 2021 Insurance broker Aon Plc said on Friday it could have to expend up to $400 million in additional costs tied...
NFP Acquires Dublin-Based P/C Broker Aiken Insurances August 2, 2021 NFP, a New York City-based insurance broker and consultant, announced it has acquired Aiken Insurances Ltd. (AIL). Financial details of...
France’s AXA Posts 180% Surge in 1st Half Net Income as XL Unit Swings to Profit August 2, 2021 AXA posted a 180% surge in first-half net income on Monday as the French insurer rebounded from a spike in...
Update: Allianz Warns Earnings Could Be Hurt by U.S. Investigation into Funds August 2, 2021 By Stephan Kahl and Sara Marley Allianz SE warned of a potentially material hit to its earnings after the U.S. Justice Department opened a probe into...
Indian Insurance Startup Policybazaar Files for $810M IPO August 2, 2021 BENGALURU – SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to 60.18 billion...
Reinsurers Show Strong Profits During 2nd Half, Rebounding from 2020’s Challenges July 30, 2021 By L.S. Howard The first half financial results, reported by a group of six reinsurers over the past week, generally show a strong...
UK’s Managing General Agents’ Association (MGAA) Expands to Republic of Ireland July 30, 2021 The UK’s Managing General Agents’ Association (MGAA) has expanded its membership into the Republic of Ireland (ROI) following an initiative...
Occam Underwriting Promotes Fisher to CEO, Succeeding Gibbins Who Becomes Chair July 30, 2021 Occam Underwriting, the specialist lines-focused managing general agent, has announced the promotion of Chief Financial Officer Mark Fisher to chief...
‘Talent War’ Forces Companies Across Globe to Pay Higher Salaries to Woo Workers July 30, 2021 By Chris Peters The COVID-19 pandemic has worsened a shortage of white-collar workers in many countries, forcing companies to pay higher salaries to...