GRM Insurance
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Thomas Miller launches energy and marine MGA Navata
A new standalone MGA business, focusing on energy and marine, has been launched by Thomas Miller. The new MGA, Navata,…
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Zurich Global Employee Benefits Solution launches digital solutions
Zurich has launched a range of digital solutions for its Zurich Global Employee Benefits Solutions (ZGEBS) business with the introduction…
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Strong growth forecast for Brazil’s general insurance industry in 2024
Brazil’s general insurance industry is expected to grow by 10.8% in 2024, driven by increasing demand for policies covering nat…
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‘Unsustainable’ US social inflation spreading to other countries: Swiss Re
Social inflation has driven up US liability claims by 57% over the past decade, with the trend likely to spread…
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Davies acquires Minuteman Adjusters in US
Davies is to acquire the trade and assets of Minuteman Adjusters, a third-party administrator serving global insurance carriers and Lloyd’s…
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Insurer M&A activity hits new low, says Clyde & Co
The insurance carrier M&A landscape saw a new 15-year low for first-half-year activity in 2024 with 103 deals, significantly lower…
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Capacity boost for global construction insurance market
The global construction insurance market is experiencing a notable increase in capacity levels in most regions in the market and…
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Fitch removes positive outlook for global reinsurers as rates pass peak
Ratings agency Fitch is predicting further reductions in property catastrophe rates at the 1 January renewals, triggering a sector outlook…
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Aon calls on reinsurers to ‘lean in’ to complex and interconnected risks
Aon is calling on the reinsurance industry to deploy its record levels of capacity to help insurers address complex and…
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Zurich and Marsh McLennan lobby for public-private action on cyber risk
New cyber threats are pushing the capacity of traditional insurance and risk management to its limit, according to Zurich and…
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Capital levels to support favourable reinsurance renewals: Guy Carp
High levels of capital and returns will lead to more favourable reinsurance market conditions in 2025, with further rate reductions…
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Malicious cyber extension to Tokio Marine HCC’s cancellation product
Tokio Marine HCC – Specialty Group has launched a malicious cyber event extension to its cancellation product, available through both…
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Lloyd’s managing agent Asta adds to senior management team
Third-party managing agent at Lloyd’s Asta has made three significant additions to its senior management team. David Hopkins joins as…
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MAXIS GBN partners with virtual care platform Abi Global Health
MAXIS Global Benefits Network (MAXIS GBN) has partnered with Abi Global Health, a virtual care platform that instantly connects patients…
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Aon to use ICEYE’s US flood and wildfire data to enhance event response
Aon is to incorporate ICEYE’s near real-time US flood and wildfire data into its event response capabilities for reinsurance clients,…
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Reinsurers to maintain stringent T&Cs to limit secondary peril exposure
Global reinsurers are expected to maintain stringent terms and conditions to limit their exposure to secondary peril events as weather-related…
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Cyber set for ‘outsized growth’, says CyberCube report
Increasing digitisation of the global economy and rising concerns about cyber risk will drive exponential growth over the coming decade…
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Brit appoints new head of office, Bermuda
Jonathan Stephenson has been appointed as head of office, Bermuda, at Brit, subject to approval by the BMA and the…
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Positive outlook for insurance buyers in Australia, says Marsh
The general outlook for insurance buyers in Australia is positive according to Marsh, with the return of market competition from…
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Clear Group buys MGA specialist Accelerate Underwriting
The Clear Group has acquired MGA specialist Accelerate Underwriting, which underwrites non-standard, specialist and niche commercial products, including care homes,…