Markel International, the specialist insurer, has been granted a license by the Insurance Regulatory and Development Authority of India to write reinsurance business in the country. Capacity will be provided by Markel’s Syndicate 3000 at Lloyd’s and written through the …
Zurich Insurance Group has acquired a minority stake in CoverWallet, a digital business insurance agency startup. CoverWallet, which launched in 2016, said the investment builds on commercial partnership between the two companies, which was announced in February. Financial details of …
Gallagher, the insurance broker, risk management services and consulting firm, broadened its footprint in continental Europe by acquiring a 65 percent stake in specialist Swiss broker Hesse & Partner AG and Hesse Consulting GmbH. Terms of the transaction were not …
The London market’s electronic placing platform, PPL Ltd., announced that aviation classes of business went live on the platform on June 11. “With only reinsurance and verticalized placements left to go, this latest release means that underwriters and brokers are …
European Property Underwriting Ltd. (EPUL), the London-based commercial property managing general agent (MGA), has launched a flexible UK and Northern Ireland terrorism solution offering cost-effective cover as an alternative to Pool Re. EPUL’s stand-alone terrorism policy provides material damage and …
Integro Insurance Brokers, the New York-based insurance brokerage and specialty risk management firm, has completed its acquisition of Hawkes Bay Holdings Ltd. (HBH), the privately owned principal parent company of Tyser & Co Ltd., a specialist Lloyd’s broker. Integro said …
Limehouse Agencies, part of Risk Transfer Group Ltd. (RTG), announced it has acquired Corporate Underwriting Ltd. (CUL), a specialist marine underwriting agency and Lloyd’s coverholder. The acquisition of Dublin-based CUL by Limehouse Agencies forms part of RTG’s new corporate strategy …
Bermuda-based Arch Capital Group Ltd. plans to expand the group’s underwriting operations in Dublin to ensure continuity of its operations across the European Union (EU) when the United Kingdom leaves the EU. Following discussions with the Central Bank of Ireland, …
Qatar Reinsurance Co. Ltd. (Qatar Re) has announced it will suspend the writing of all new and renewing facultative business from its branch office in the Dubai International Financial Centre. However, facultative coverage will continue to be provided by the …
Four separate severe weather outbreaks swept across the United States during the month of May, which led to extensive hail, wind damage and flash flooding, according to Impact Forecasting, Aon Benfield’s catastrophe model development team’s latest monthly Global Catastrophe Recap …
