Sompo International Holdings Ltd. announced in its statement that it has entered into a long-term partnership with Flock, a UK insurtech that provides data-driven insurance solutions to commercial drone operators. The partnership looks to increase the availability of critical insurance…
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Assured Partners Announces Acquisition of Murray Insurance Associates
AssuredPartners Inc. announced the acquisition of Murray Insurance Associates Inc. of Lancaster, Pennsylvania, AssuredPartners said in a recent statement. The team of 170 from Murray Insurance will remain under the leadership of Murray Chairman, President, and CEO, Richard Rankin. The…
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Sompo International Appoints New Lead Focusing on Property Business
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced the appointment of Mr. Richard Brown as the lead of a new team focusing on property business in its statement. The business is through…
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CAC Specialty Expands Natural Resource Team
CAC Specialty, an integrated specialty insurance brokerage, and investment banking business, announced in its recent statement the appointment of six new hires in its Natural Resources division. The new hires include Robert Carvell as the Senior Vice President of Risk…
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Specialty Insurer ProSight Bought by Private Equity Group
ProSight Global Inc., a specialty insurer that went public in 2019, will be taken private in a deal with TowerBrook Capital Partners L.P., an international investment management firm, and Further Global Capital Management, a private equity firm focused on the…
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Lloyd’s Forms Independent Protected Cell Company in the UK
Lloyd’s of London has sponsored the development of a freely claimed and oversaw ensured cell company in the United Kingdom, London Bridge Risk PCC Ltd., which insurance-linked securities investors can access to deploy capital. According to a statement by Lloyd’s,…
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Chubb Appoints Jeremiah Konz Chief Reinsurance Officer
Chubb announced the appointment of Jeremiah Konz as its Chief Reinsurance Officer in a recent statement. Presently, Mr. Konz is Executive Vice President, Reinsurance Officer for Chubb Overseas General. In his new role, Mr. Konz will have management responsibility for…
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Future of Insurance Post-COVID-19
COVID-19 affected every industry sector across the world. The insurance industry has been affected both positively and negatively depending on the circumstances. It is now time to analyze those ups and downs and find what a post-COVID-19 world has for…
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Marcus Winter Succeeds Steven Levy as President and CEO of Munich Re US
Munich Reinsurance America, Inc., a subsidiary of global reinsurer Munich Re, appointed Marcus Winter as its president and CEO succeeding M. Steven Levy. Effective April 1st, 2021, Levy will step leave the company after 23 years of service. During his…
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Gallagher to Acquire UK based Specialty Broker Bollington Wilson Group
US-based global insurance brokerage and risk management services firm Arthur J. Gallagher & Co. Inc. has agreed to acquire United Kingdom-based specialty brokerage The Bollington Wilson Group Ltd., Gallagher said in a statement. The transaction will close following regulatory approval….
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