Russia’s Renaissance Insurance to Cut Size of IPO to $250M: Sources October 20, 2021 MOSCOW – Russia’s Renaissance Insurance Group will reduce the size of its IPO to $250 million from an initial $290...
Broker Aston Lark Announces 40th Acquisition Since 2018 Launch October 20, 2021 Aston Lark, the Goldman Sachs-backed broker, announced the acquisition of Absolute Products Ltd., its 40th deal since its formation in...
Munich Re Doubles Q3 Profit Despite Big Storm Losses in Europe, U.S. October 20, 2021 German reinsurer Munich Re doubled its profit in the third quarter, despite big losses from storms in Europe and the...
Re/Insurers Need a Data Strategy to Build Underwriting Transformation Programs October 20, 2021 By Sachin Kulkarni Years of low interest rates and burgeoning catastrophe losses have accelerated the hardening of the reinsurance market, as the January...
Banks Demanding Stricter Environmental Criteria When Financing Shipping Companies October 20, 2021 By Jonathan Saul Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to accelerate...
Investment Company JAB to Acquire Majority Stake in UK Pet Insurer, Cardif Pinnacle October 20, 2021 Global investment company JAB Holding Co. is acquiring a majority stake in UK pet insurer, Cardif Pinnacle. Cardif Pinnacle’s current...
Coverys Launches European Casualty MGA, AEC Europe October 20, 2021 Coverys European Holdings (CEH), a leading underwriting vehicle that invests in speciality managing general agencies in Europe and the UK,...
Lockton Launches Silent Cyber Property Solution for Businesses October 20, 2021 Lockton, the privately-owned independent insurance broker, has launched its Silent Cyber Property Solution, a standalone policy that covers businesses against...
BHSI Creates Global Network Across 170 Countries to Raise Multinational Capabilities October 20, 2021 Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its global network to encompass owned offices and network partners that...
Beazley’s Cyber Defense Specialist, Lodestone Security, Opens London Office October 19, 2021 Lodestone Security, a Beazley subsidiary and leader in cyber defense and incident response in the U.S., is expanding its global...