Devonshire UW Ltd. and its affiliate Devonshire UW Europe GmbH (known collectively as “Devonshire Underwriting”) announced the launch of a managing general agent specializing in transactional risk solutions. Focused on positively disrupting the transaction risk insurance market, the MGA will …
Nirvana, the London-based media, tech and cyber managing general agent (MGA), has launched its new European SME Warranty and Indemnity (W&I) binder. The team has a total available line size of €20 million ($21.4 million), in partnership with a handful …
This edition of International People Moves details appointments at Liberty Global Transactions, AEGIS London and Brit Ltd. A summary of these new hires follows here. Liberty Global Transaction Solutions Expands European Presence Liberty Global Transaction Solutions announced that, as part …
Optio Group, a London-based specialty MGA focused on emerging insurance risks, announced it has acquired Brockwell Capital Ltd., a leading warranty & indemnity MGA, for an undisclosed sum. Brockwell, an approved Lloyd’s coverholder, significantly adds to the group’s transactional liability …
LONDON – A record rebound in merger activity this year and a rise in litigation has brought with it an upsurge in insurance policies that give companies and private equity firms cover for when a deal goes wrong, industry officials …
An increase in M&A activity in today’s challenging economic environment is driving significant growth in demand for M&A insurance products, according to a report published by Aon. Aon’s report finds that following a decline in M&A activity after the 2008 …
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 …
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that the company’s European specialty platform has introduced a new transaction risk insurance line of business, expanding its professional lines insurance offerings in …
AIG UK said on Thursday it had underwritten its first sharia-compliant warranty and indemnity policy out of London’s M&A insurance market, as the city looks to Islamic finance to help bring new business. Development of Islamic finance is accelerating in …
Ironshore International’s Mergers & Acquisitions and Tax Insurance unit announced it has opened an office in Frankfurt, Germany, through Ironshore Agency Ltd., to expand its European presence. Ironshore M&A and tax specialists underwrite specialty coverages for complex transactional risk throughout …
