Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through the impact on economic growth and the resultant financial market volatility, according to a report from Moody’s Investors Service. An …
Arch Capital Group Ltd. has entered into a share purchase agreement with Natixis regarding the acquisition of a 29.5% stake in Coface, a France-based trade credit insurer. The transaction will be completed at a price of €10.70 per share, corresponding …
Nexus Specialty Inc., part of MGA Nexus Group, has formed a new program agreement with Crum & Forster that allows Nexus to underwrite their trade credit products on a fully admitted basis in the U.S. Nexus Specialty Inc. has been …
The number of companies in England and Wales unable to pay their debts rose to an almost six-year high in the third quarter as the Brexit crisis intensified. There were 4,355 company insolvencies, 0.4% more than in the second quarter, …
Companies are stepping up purchases of insurance to protect themselves against insolvencies in Britain, industry sources say, in part due to concerns about the impact of Brexit. The UK economy is feeling the pinch from the political uncertainty, which has …
UK specialty managing general agent (MGA) Nexus Group lived up to its description as an “acquisitive insurance intermediary holding company,” with the purchase this week of an MGA and an insurance broker. On April 1, Nexus acquired Capital Risks MGA …
British department store retailer Debenhams said it had a healthy cash position after a media report on Sunday saying insurers had cut cover for its suppliers sent its shares lower. Shares in Debenhams fell as much as 8 percent on …
Trade tensions sound like a great opportunity to underwriters of a little-known insurance product. U.S. President Donald Trump set off fears of a global trade war with tariffs on metals and an array of imports from China. As countries ratchet …
Specialty insurer Markel International has appointed Nicholas Davies as trade credit underwriter and senior risk analyst in Singapore. Davies will focus on developing Markel’s portfolio across the region, in addition to managing existing broker and client relationships. Davies reports to …
Rosie Denee and Oscar Moseley have joined Miller to further enhance its credit and political risks offering. Both will be based in London with a focus on political risk and structured credit insurance, specifically for financial institutions. Rosie joins Miller …
