UK Regulator’s Broker Probe May Make London Market More Competitive: Fitch November 16, 2017 The UK Financial Conduct Authority’s review of the wholesale insurance broker market could help counter the trend of rising expenses...
California Wildfires May Lead to $8B in Insured Losses: Aon Benfield November 14, 2017 California’s historic wildfires may lead to as much as $8 billion in insured losses. That’s a record for insurers, according...
UK Regulator to Probe Wholesale Insurance Broking Market November 6, 2017 Britain’s financial services industry regulator is to launch later this week a long-promised investigation into competition in the wholesale insurance...
Willis Towers Watson Taps Yeung from AIG as Head of P/C, North Asia November 6, 2017 Willis Towers Watson announced the appointment of Evariste Yeung as head of Property and Casualty, North Asia. Yeung’s appointment took...
China May Be Poised to Outpace U.S., Europe in Insurtech Innovation November 3, 2017 Without legacy systems to drag down their efforts, companies in emerging market—and China, in particular – may be poised to...
Lockton Taps Davies from JLT as SVP, Property, in Bermuda November 3, 2017 Lockton, the world’s largest privately held insurance broker, has appointed Gareth Davies as senior vice president, Property, in Bermuda. He...
QBE North America Forms Alliance with MGA Professional Risk Facilities November 1, 2017 QBE North America, an operating division of QBE Insurance Group Ltd., announced a strategic program underwriting alliance with managing general...
Aon Completes Acquisition of Dutch Broker Unirobe Meeùs Groep November 1, 2017 Aon Groep Nederland announced it has completed its acquisition of Unirobe Meeùs Group (UMG) from Aegon for €295 million (343.4...
Lloyd’s Re/Insurance Broker RFIB Launches Singapore Operation October 30, 2017 RFIB Group Ltd., the Lloyd’s insurance and reinsurance broker, announced the launch of RFIB (Singapore) Pte Ltd. The new operation...
UK-Based MGA Nexus Group Buys Trade Credit Broker, Credit Risk Solutions October 25, 2017 Independent specialty managing general agent Nexus Group announced it has acquired Credit Risk Solutions Ltd. (CRS). Established in 2003, CRS...