Marsh says no sign of softening as index shows 15% Q3 rate rise
Marsh said there is little sign of the hard market ending anytime soon, as its Global Insurance Market index reveals…
Employee benefits market needs to develop risk engineering services, say experts
Employee benefits (EB) insurers must start thinking beyond pure risk transfer and begin offering more risk engineering-type services to unlock…
UN calls on insurers to stop underwriting carbon-intensive industries
The insurance industry needs to redirect its investments and underwriting away from carbon-intensive industries and align its activities with the…
Howden buys Bermuda specialty broker
Howden, the expansive international broker, has acquired Bermuda-based Foram Brokerage. The independent firm, which is staffed entirely by Bermudan nationals,…
Marsh McLennan reports continuing strong revenue growth
Marsh McLennan said it is on track for its best annual growth in a decade, as it reported a 16%…
Fronting startup Concert raises $100m
Illinois-based Concert Group Holdings, the newly formed US fronting insurer, has raised $100m in capital to fund its growth. “Favourable…
BMS buys startup M&A broker in Seoul
UK broker BMS has announced the acquisition of Seoul-based insurance intermediary, Value-add Insurance Broker (VIB). VIB, which specialises in M&A…
WR Berkley profits up sharply
WR Berkley reported third-quarter net income of $261.3m, up 72.3% from the year-earlier period. The US-based insurer said net premiums…
