Legacy Specialist DARAG Buys Luxembourg Auto and Travel Insurer, Arisa Assurances August 6, 2020 DARAG Group Ltd., the Malta-based legacy acquirer, announced the acquisition of Arisa Assurances SA, an automobile and travel insurance company...
After Beirut Port Explosion, AM Best Comments on Potential Insurance Exposures August 6, 2020 The devastating explosion at the Beirut’s port on Tuesday, Aug. 4 caused many casualties and considerable damage, but local insurance...
Gallagher Buys Canada Retail Broker Insight Insurance August 6, 2020 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Edmonton, Alberta-based Insight Insurance & Risk...
Munich Re’s Q2 Net Profit Slumps 42% on COVID-Related Losses August 6, 2020 German reinsurance group Munich Re posted a 42% decline in second-quarter net profit, with around 700 million euros ($832 million)...
Insurer AXA, With H1 Net Income Down 40%, Warns of Future COVID-19 Shocks August 6, 2020 By Benjamin Robertson AXA SA’s profit sank in the first half as it booked a 1.5 billion-euro ($1.8 billion) charge for claims related...
Sampo Group and S. African Investor to Acquire UK Insurer Hastings for $2.2B in Cash August 5, 2020 UK insurer Hasting Group Holdings has agreed to a £1.66 billion (US$2.2 billion) cash acquisition by Finnish insurer Sampo and...
Allianz Confirms SEC Probing Its ‘Structured Alpha’ Funds, Subject to Investor Lawsuit August 5, 2020 Allianz said on Wednesday that it was fielding a request for information from the U.S. Securities and Exchange Commission over...
Oneglobal Broking Expands into Hong Kong, Names Ex-JLT Exec Langridge as HK Chair August 5, 2020 Oneglobal Broking, the London-based broker, announced the establishment of Oneglobal Group Asia and that its first operating company, Oneglobal Broking...
Guy Carpenter Appoints Askew as Canada President and CEO, Succeeding Callahan August 5, 2020 Guy Carpenter & Co., the reinsurance broker and unit of Marsh & McLennan Cos., announced the appointment of Peter Askew...
Allianz’ Net Profit Drops 29% in 2nd Quarter Amid COVID-19 Crisis August 5, 2020 German insurer on Wednesday posted a 29% fall in net profit in the second quarter from a year earlier and...