Insurance
Ryan Specialty Completes Buy of Assets of Greenhill From Alera
Ryan Specialty said it completed its acquisition of certain assets of Greenhill Underwriting Insurance Services from Alera Group, Inc, effective Sept. 1. The deal was previously announced last month. Alera acquired Greenhill in 2022. Houston-based Greenhill is a technology-enabled managing …
Read More Reinsurers’ Appetite for Natural Catastrophe Risks Grows – But Discipline Remains
Top reinsurers are showing increasing – but disciplined – appetite for natural catastrophe risks as a result of rising demand, improved pricing, more favorable terms and conditions, and improving investment income, according to a report published by S&P Global Ratings. …
Read More For Small Commercial Businesses, Insurance Satisfaction Is a Matter of Trust
Trust impacts customer satisfaction, loyalty and brand advocacy more than any other factors when small businesses choose a commercial insurance provider. J.D. Power’s 2024 U.S. Small Commercial Insurance Study found that among small businesses with the most trust in their …
Read More New York City’s Biggest Taxi Insurer Is Insolvent, Risking Transit Meltdown
In an unassuming white and blue office building in Freeport, a few miles into Nassau County, sits the headquarters of American Transit Insurance Co. The 52-year-old, family-owned firm is hardly a household name, but it’s vital to how New Yorkers …
Read More People Moves: Acrisure Re Makes Leadership Changes in London; Dale Enters Int’l Professional Indemnity Market, Led by Barnes From Westfield
This edition of International People Moves details appointments at Acrisure Re and Dale Underwriting Partners. A summary of these new hires follows here. Acrisure Re Announces Leadership Changes in International Reinsurance Unit Acrisure Re, the re/insurance division of global insurance …
Read More Norway Seeks to End Climate Injunction Against 3 Oilfields
Norway’s government will ask an appeals court on Wednesday to lift injunctions against developing three oil and gas fields, part of a wider effort by Oslo to overturn an earlier verdict invalidating their permits on environmental grounds. A lower court …
Read More UK’s Specialist Risk Group Acquires Motor Fleet MGA Capulus
Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Capulus, a specialist motor fleet managing general agent (MGA). Financial details of the deal were not disclosed. Based in Wales, Capulus’ team of 21 colleagues will join SRG’s …
Read More Clear Group Acquires UK MGA Specialist, Accelerate Underwriting
The Clear Group, the London-based independent insurance broker, announced the acquisition of the managing general agency, Accelerate Underwriting. Financial terms of the deal, which is its fourth involving an MGA, were not disclosed. Established in 2015, Accelerate Underwriting is a …
Read More People Moves: Resilience Names Jones to Lead Engineering and Gittler Global Head of Claims; USG Hires McMahon, Buck and Gudenkauf
Resilience, headquartered in New York, named Rebecca Jones as senior vice president of engineering and Jeremy Gittler as global head of claims. Jones takes over leadership responsibilities for the company’s engineering team and software delivery efforts. She brings over 20 …
Read More Risks Too Big for Insurers Just Fed a $200 Billion Market Boom in Captives
As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk map for corporations. Captive insurance, where companies create their own coverage vehicles, …
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