News Center
News – Insurance Journal
Russia’s Renaissance Insurance to Cut Size of IPO to $250M: Sources
MOSCOW – Russia’s Renaissance Insurance Group will reduce the size of its IPO to $250 million from an initial $290 million, two sources told Reuters on Wednesday, selling only new shares plus an over-allotment option. The group has covered its …
POSTED OCTOBER 20, 2021 10:16 AM |
Broker Aston Lark Announces 40th Acquisition Since 2018 Launch
Aston Lark, the Goldman Sachs-backed broker, announced the acquisition of Absolute Products Ltd., its 40th deal since its formation in 2018 and its 24th in 2021 alone. Financial terms of the deal were not disclosed. Established in 2002, insurance broker …
POSTED OCTOBER 20, 2021 8:32 AM |
Great Shakeout Highlights Dwindling Missouri Earthquake Insurance Market
Millions of Americans will participate in the Great Shakeout on Oct. 21, a day designated to earthquake education and awareness. Annually held on the third Thursday of October, the Great Shakeout encourages schools and workplaces to practice earthquake safety techniques. …
POSTED OCTOBER 20, 2021 7:30 AM |
Munich Re Doubles Q3 Profit Despite Big Storm Losses in Europe, U.S.
German reinsurer Munich Re doubled its profit in the third quarter, despite big losses from storms in Europe and the United States, it said on Tuesday, but left its forecasts for the year unchanged. Profit rose to around 400 million …
POSTED OCTOBER 20, 2021 6:50 AM |
Re/Insurers Need a Data Strategy to Build Underwriting Transformation Programs
Years of low interest rates and burgeoning catastrophe losses have accelerated the hardening of the reinsurance market, as the January 2021 renewals clearly demonstrated, and moreover, the COVID-19 pandemic has worsened the “lower for longer” interest rate environment. Considering suboptimal …
POSTED OCTOBER 20, 2021 6:26 AM |
Banks Demanding Stricter Environmental Criteria When Financing Shipping Companies
Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to accelerate going greener, according to Boston Consulting Group (BCG). Shipping, which transports about 90% of world trade, accounts for nearly 3% …
POSTED OCTOBER 20, 2021 6:00 AM |
People Moves: Sayata, Willis Towers Name New SE Directors
The insurtech Sayata, which provides software for the quote-bind-issue process for brokers and carriers, announced Lisa Sanders will serve as business development manager for the company’s Southeastern U.S. territory. Sanders, based in Atlanta, was previously a senior vice president at …
POSTED OCTOBER 20, 2021 5:48 AM |
Georgia Regulators Can’t Track Overdue Elevator Inspections
Elevators across Georgia may be long overdue for safety inspections, but regulators have no way to know, thanks to a poorly set up computer database and a system that relies on self-policing. The revelations came to light after an 18-year-old …
POSTED OCTOBER 20, 2021 5:46 AM |
Investment Company JAB to Acquire Majority Stake in UK Pet Insurer, Cardif Pinnacle
Global investment company JAB Holding Co. is acquiring a majority stake in UK pet insurer, Cardif Pinnacle. Cardif Pinnacle’s current parent company, BNP Paribas Cardif, will retain a significant minority interest in the insurer. The transaction is expected to close …
POSTED OCTOBER 20, 2021 5:45 AM |
Coverys Launches European Casualty MGA, AEC Europe
Coverys European Holdings (CEH), a leading underwriting vehicle that invests in speciality managing general agencies in Europe and the UK, announces the expansion of its AEC underwriting agency with the launch of AEC Europe in Barcelona. AEC Europe underwrites a …
POSTED OCTOBER 20, 2021 5:35 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Sutter McLellan and Gilbreath confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|