Arthur J. Gallagher & Co. Takes 100% Stake in Capsicum Reinsurance Brokers January 13, 2020 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it increased its stake in Capsicum Reinsurance Brokers from...
Re/Insurance Outsourcing Specialist Pro Global Taps Former RSA Exec Lewis as CEO January 13, 2020 Global re/insurance outsourcing and consulting specialist Pro Global Holdings Ltd. announced that Steve Lewis has been appointed as CEO, effective...
Zurich Sees Hardening Rates, Improving Terms – in Market Not Seen Since 2002 January 13, 2020 By Patrick Winters Zurich Insurance Group AG expects to have more power to increase commercial insurance rates than it has seen in almost...
Gallagher Buys 60% Stake in Caribbean-Based Broker, Risk Management Services Ltd. January 13, 2020 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has acquired a 60% interest in Caribbean insurance...
Australia’s Bushfires Could Surpass 2009’s Costly Season; Analysts, Insurers Comment January 10, 2020 By L.S. Howard Australia’s bushfire season has months to run and could easily surpass the most costly fire season, 2009’s Black Saturday fires...
Scandal-Hit Indonesian Insurer, with $2B Financial Hole, Could Get Government Bailout January 10, 2020 By Fathiya Dahrul and Harry Suhartono Policyholders at Indonesia’s state-owned PT Asuransi Jiwasraya are looking to the government to rescue the scandal-hit insurer, which has uncovered...
Hamilton Rebrands ILS Platform as Hamilton ILS, Promotes Ali as New Lead Executive January 10, 2020 Hamilton Insurance Group Ltd. announced its insurance-linked securities (ILS) platform has a new name and a new lead executive. Formerly...
Hub International Acquires Canada’s RHC Insurance Brokers January 10, 2020 Chicago-based broker Hub International Ltd. announced it has acquired RHC Insurance Brokers Ltd. and RHC Insurance Brokers (Cranbrook) Ltd. Terms...
Earth Is Hotter Than at Any Time Since Start of Industrial Revolution: Report January 10, 2020 By Jonathan Tirone The last five years on Earth have been hotter than at any time since the industrial revolution kicked off almost...
Australians Evacuate Their Homes as Soaring Temperatures, Winds Fan Bushfires January 10, 2020 By Colin Packham and Swati Pandey Australia urged nearly a quarter of a million people to evacuate their homes on Friday and prepared military backup as...