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…
Read MoreAuthor: Admin
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…
Read More
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…
Read More
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,…
Read More
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…
Read More
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…
Read More
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…
Read More
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….
Read More
RIMS Appoints Soraya Wright Strategy Executive
The Risk & Insurance Management Society Inc. announced the appointment of former chief risk officer Soraya Wright as vice president of strategic initiatives. She is succeeding Carol Fox, who is retiring. According to a statement by RIMS, Ms. Wright assumed…
Read More
Hub International Makes Puerto Rico Acquisition
Hub International Limited (Hub), claiming to be a leading full-service global insurance broker, announced in its statement that it has acquired certain assets of Christiansen Insurance Group, LLC (Christiansen Insurance Group). Terms of the transaction were not disclosed. Located in…
Read More