The UK’s Competition and Markets Authority (CMA) said today that it is investigating the anticipated acquisition of the treaty reinsurance business of Willis Towers Watson by Arthur J. Gallagher & Co. In a brief statement, which says the probe was …
Swiss Re estimated total insured market losses of the insurance industry due to the July floods in Europe at approximately US$12 billion. The insurer also updated its own loss estimate for the July floods at approximately US$520 million. Mid-July’s intense …
China’s banking regulator said on Tuesday that lenders including policy banks must ensure that the financing needs of the coal and power sectors are met so that consumer heating during winter is not affected. Beijing is racing to deliver more …
Major banks in Britain made a slight dent in their gender pay gaps last year, according to a Reuters analysis, though industry observers say they still have a long way to go. Several insurers went backwards. Companies in Britain with …
For years climate scientists have warned about the ferocious wildfires and hurricanes that are now overwhelming many communities. Today alarms are ringing about a related financial danger: risks lurking within government bonds, the biggest part of the global debt market. …
Global insurance broker Arthur J. Gallagher & Co. announced it has acquired two agencies: Grand Cayman-based Briat Insurance Ltd. and UK-based Manchester Underwriting Agencies Limited. Terms of the transactions were not disclosed. Established in 2012, Briat Insurance Ltd. is a …
This edition of International People Moves includes appointments at the first sustainable insurer, Parhelion; at brokers Piiq Risk Partners and Gallagher; and at Optio Group’s Nuclear MGA Northcourt. A summary of these new hires follows. Howden-Backed Parhelion Appoints Former Ark …
McGill and Partners, the boutique specialist re/insurance broker, is set for further expansion following regulatory approval for its Bermuda operation. The office will officially open later this month. The Bermuda office will complement McGill and Partners’ other international operations as …
New Delhi-based insurtech start up SafeTree has raised $1 million in its seed funding round from angel investors Shams Ahmed Parvaz and Faiz Shams. The startup aims to use the capital infusion to expand its team, strengthen product development and …
Aston Lark, the London-based insurance broker that is backed by Goldman Sachs, announced the acquisition of S. Johnson & Co. Ltd. Established in 1990 and based in Birmingham, England, with a dedicated team led by Steven Johnson and Graham Ettrick, …
