January 2020 Reinsurance Renewals Varied Significantly, Brokers Say January 6, 2020 By L.S. Howard The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss...
Capsicum Re Launches Aviation Reinsurance Team, Led by Bell from AIG January 6, 2020 Capsicum Re, the specialist reinsurance broker, launched a aviation reinsurance team led by David Bell. Bell is based in London...
Guy Carpenter Promotes Saper as CEO of Pacific Region January 6, 2020 Guy Carpenter & Co., the global reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Jeff...
Arthur J. Gallagher & Co. Acquires Minority Stake in Malaysia’s SP&G Insurance Brokers January 6, 2020 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has purchased a minority stake in Malaysian broker...
Australia Sees No End to Unprecedented Wildfire Crisis January 6, 2020 By Jason Scott Exhausted firefighters welcomed cooler weather and patchy rain in blaze-ravaged southeastern Australia Monday after a calamitous few days, even as...
U.K. Endures Record High Temperatures During 2010s January 3, 2020 By Ramsey Al-Rikabi The U.K. endured more high-temperature records during the 2010s than any decade over the last century, according to the nation’s...
Climate Change, Cyber Warfare Risks Are Key London Market Issues for 2020: IUA January 3, 2020 Climate change and cyber warfare risks are two key London market issues highlighted by the International Underwriting Association (IUA) in...
NFP Makes Canadian Leadership Changes, Including Promotion of Padovani as President January 3, 2020 NFP, the New York City-based insurance broker and consultant, announced leadership changes throughout Canada to support its growth in the...
Indonesia Flooding Forces Evacuation of More Than 400,000 People with 42 Deaths January 3, 2020 By Arys Aditya and Tassia Sipahutar At least 42 people have died from the New Year’s Day flooding in Indonesia, and hundreds of thousands were evacuated,...
U.K. MGA Optio Buys Political Violence and Terrorism MGA, Newbridge Risk Partners January 3, 2020 Optio, the London-based MGA that comprises Ascent Underwriting, Cove Programs and broker Bay Risk Services, announced it has acquired specialist...