Former Cooper Gay CEO Toby Esser has struck a deal to acquire independent London broker AFL, The Insurance Insider can reveal.
Last week I went off to sunny Spain, and it was very much Y Viva España.
Swiss Re's head of US intermediated property business Dan McElvany has left the company to look after reinsurance buying for US insurance giant Farmers, The Insurance Insider can reveal.
M&A insurance-focused MGA Acquinex has launched with a line size of £25mn ($33mn) and lead backing from Arch, The Insurance Insider understands.
Paul Atkinson, head of accident and health (A&H) at WR Berkley in London, is leaving the company to spearhead China Re Syndicate 2088's entry into the market, The Insurance Insider understands
Charles Taylor InsureTech has fended off rival bids from IBM, Accenture, Verisk and Xchanging to become the preferred vendor for a crucial component of the London market modernisation programme.
Trisura Specialty is preparing to launch as a hybrid program fronting carrier with a focus on US casualty insurance and $45mn of start-up capital, The Insurance Insider can reveal.
Fast-growing program fronting specialist Clear Blue has secured reinsurance support from Qatar Re on its latest program.
One of Marsh's vice presidents has filed a legal complaint accusing the broker and her boss Paul Evans of destroying her career after subjecting her to a "pervasive atmosphere" of gender- and race-based hostility.
London carriers posted an 8.4 percent expansion in gross written premium (GWP) in the first half of the year as the group's combined top line reached $4.6bn, using five-year average exchange rates.
London-based carriers posted a worse underwriting result for the first half of the year, as lower contributions from reserve releases, elevated core loss ratios and higher expense ratios depressed margins.
London-based (re)insurers reported diminishing returns for the first half of the year, pressured by soft pricing conditions and narrow underwriting margins.
The reinsurance arms of the world's leading P&C brokers all posted positive organic growth numbers for the second quarter, while market headwinds caused insurance underlying growth to stutter.
Two weather forecasters have lifted their projections for the number of named storms in the current Atlantic hurricane season, falling into line with the expectation of a slightly above-average year
Zurich-based insurance-linked securities (ILS) manager Solidum said it has issued a private cat bond using a blockchain that will be opened to other ILS investors.