Four severe weather outbreaks in the U.S. throughout March led to extensive damage in the central and eastern parts of the country, costing the insurance industry in excess of US$2.0 billion, according to a report published by Impact Forecasting, Aon …
With abundant capacity, aggressive capital market competition and acceptable returns for global reinsurers, it’s no wonder that the elusive bottom of soft market pricing was not evident at the April 1 renewals. During 2016, global reinsurers generated “an acceptable, though …
Alan Boswell Group, the Norwich, England-based insurance broker and financial adviser, announced it has acquired Sutcliffe Solloway & Co. Ltd. (trading as Sutcliffe Insurance Brokers), thereby expanding its business into Lincolnshire, England. The financial terms of the acquisition were not …
Brokerslink announced the launch of an expanded Global Construction Practice with the appointments of Brian Schofield and Edouard Marron as co-practice leaders. They take up these roles with immediate effect. The new Global Construction Practice will provide risk management, technical, …
Aon Benfield, the global reinsurance intermediary and capital adviser of Aon plc, has today announced that Michael O’Halleran is set to retire from the business after 37 years of service. From his founding role as leader of Aon Re at …
Naples, Fla.-based RMC Group, a consortium of insurance and actuarial consulting firms, has announced it plans to expand its international operations by opening two new offices in the United Kingdom. “Establishing a permanent presence in Europe is another exciting step …
London-based broker THB, CNA Hardy and cyber security specialist Waterfall Security Solutions have entered into a partnership to provide a cyber security protection package for industrial businesses globally. The package, distributed exclusively through THB, includes CNA Hardy’s cyber technology and …
JLT Re, the London-based reinsurance broker and consultancy, has combined forces with flood modeling company, KatRisk, to enhance its flood risk modeling capabilities for clients across Canada. Berkeley, Calif.-based KatRisk’s suite of flood risk modeling tools includes both flood inundation …
Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion Survey. Tell us what you …
Insurers face claims of more than US$1.0 billion as a result of severe weather events in the U.S. and Australia during February, according to a report published by Impact Forecasting, Aon Benfield’s catastrophe model development team. The report discussed the …
