Garry BOOTH
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Captives
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…
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Asia
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…
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Global Risk Manager
Bermuda carriers to see profitability eroded by OECD reform
The ending of Bermuda’s longstanding tax advantage over onshore re/insurance hubs will erode its re/insurers’ competitive position over time, according…
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Climate Change
TMK to give its customers carbon risk rating
Tokio Marine Kiln has partnered with CarbonChain, an insurtech that provides carbon risk ratings on insured companies that help to…
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Global Risk Manager
Mosaic boosts political violence capacity to $600m
Bermuda ‘class of 2020’ specialty carrier Mosaic Insurance has extended its war, terrorism and political violence coverage to offer up…
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Aviation
David Slevin to pilot TMK’s aviation business
Tokio Marine Kiln (TMK) has appointed David Slevin as departmental head of aviation as part of its strategy to expand…
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Executive & D&O
BHSI unveils new global network across 170 countries
Berkshire Hathaway Specialty Insurance (BHSI) has expanded its global network to encompass owned offices and network partners, allowing the insurer…
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Executive & D&O
Tegron builds out D&O niche with two hires
Tegron Specialty, the Beat Capital-backed D&O underwriting specialist, has appointed Kiran Shergill as senior underwriter. Shergill will report to Ray…
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Cyber & Technology
Aon boosts cyber risk modelling capability
Aon is to use an impact-based modeling framework developed by the Israeli firm Kovrr to help its clients improve their…
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Global Risk Manager
Top five insurers have 15% of global commercial lines business
The top ten P&C insurer groups accounted for 25.3% of total P&C gross direct premiums written worldwide in 2020, down…
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CRE Insurance
Allianz launches ESG procurement charter in UK
Allianz Insurance has launched a sustainable procurement charter to encourage its UK suppliers to adopt and develop sound ESG practices.…
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CRE Insurance
Cost of cover to rise in Germany: E+S Re
The cost of corporate insurance in Germany is set to soar, the German reinsurer E+S Re has warned. In a…
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Captives
Ireland joins OECD international tax agreement
Bowing to international pressure, Ireland is joining the international agreement to reform tax rules. It means that a minimum effective…
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CRE People Moves
Lloyd’s reshuffles UK branch leadership
Lloyd’s Insurance Company (LIC) has named Mark Cooper as head of its LIC UK branch, effective 1 November. Cooper, who…
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Global Risk Manager
Australia faces spiralling climate change costs
The cost of natural disasters to the Australian economy is set to soar in the coming years as a result…
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CRE Insurance
Terrorism facility for the UK rolled out by Rokstone
A new terrorism facility for the UK, backed by A-rated capacity, has been launched by specialty MGA Rokstone. The product…
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Global Risk Manager
US commercial rates keep climbing
Umbrella and D&O coverages continue to lead US commercial price increases at 11.7% and 11.3% respectively in the third quarter,…
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Executive & D&O
Pen Underwriting says MUM’s the word
Pen Underwriting has acquired UK-based Manchester Underwriting Agencies and its wholly owned subsidiary Manchester Underwriting Management Limited (MUM) for an…
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Cyber & Technology
Coalition acquires MGA Attune Insurance
San Francisco-based Coalition, a cyber insurance and security provider, has acquired Attune, a managing general agent (MGA) and technology-powered broker…
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CRE People Moves
Liam Jones to lead product innovation at Mosaic
Specialty underwriter Liam Jones has joined Bermuda-based startup Mosaic Insurance as SVP, head of business development, with a focus on…