Cyber specialist Beeson leaves Arceo to join NFP

Ben Beeson has joined broker NFP as a managing director and financial lines development leader after leaving cyber risk analytics and insurance platform Arceo.

Tue 30 Jun 2020

Sunstar secures new PE support from BBH for growth push

Expansive US retail broker Sunstar Insurance Group has secured an investment from BBH Capital Partners to fuel further growth in a deal that also buys out former investor LNC Partners.

Tue 30 Jun 2020

NFP hires former Zurich Canada CEO Lundy

Patrick Lundy has joined broker NFP in Canada as senior vice president, manufacturing and real estate.

Tue 30 Jun 2020

Neptune Flood’s Podcast: Rick McCathron, CIO at Hippo Insurance

Tue 30 Jun 2020

Howden predicts ‘significant capacity crunch’ for M&A insurance market

The economic fallout from the Covid-19 pandemic will likely lead to a “significant capacity crunch” in the M&A insurance market in early 2021, broker Howden has warned.

Tue 30 Jun 2020

Case: Aon takes decisive action again as worst case Covid-19 threat recedes

Aon has taken the decision to roll back temporary salary cuts that impacted most of its employees after assessing that the worst-case pandemic outcomes that informed its original action now look less likely, according to CEO Greg Case.

Tue 30 Jun 2020

Hallmark reports $36.5mn operating loss in long-delayed Q4 results

US specialty insurer Hallmark Financial has reported its delayed fourth quarter 2019 results, revealing an operating loss of $36.5mn for the fourth quarter compared with operating earnings of $5.1mn for the fourth quarter of 2018.

Tue 30 Jun 2020

Aon rolls back temporary Covid-19 salary cuts for global workforce

Aon is ending the temporary 20 percent salary reduction it introduced for the majority of its global workforce in late April and will pay back the deferred wages in full plus an additional 5 percent of the withheld amount.

Tue 30 Jun 2020

Calm between the storms

The 1 July renewal may have been conducted on a relative sea of tranquility compared to the swell that engulfed the Florida renewal a month earlier. But the water between here and 1 January is anything but clear.

Tue 30 Jun 2020

Generali refinances with second green bond for up to Eur600mn

Generali will issue a green bond of up to Eur600mn ($674mn) and buy back three series of subordinated notes in a move designed to lower interest expenses on its debt.

Tue 30 Jun 2020

BMS names Aon’s Lee head of Asia

Expansive broker BMS has appointed Aon’s Sandra Lee as the head of its operations in Asia.

Tue 30 Jun 2020

MGA Bluefire assumes risk with AXA XL collateralized reinsurance deal

Specialist non-standard auto MGA Bluefire Insurance has completed an alternative capital transaction that sees it assume risk in its personal auto business through a collateralized reinsurance agreement with AXA XL, The Insurer can reveal.

Tue 30 Jun 2020

ABI names Lloyds Banking Group’s Thornton as council chair

The Association of British Insurers (ABI) has named Lloyds Banking Group’s Craig Thornton as the new chair of the trade body’s General Insurance Council (GIC), succeeding Ageas UK  CEO Andy Watson.

Tue 30 Jun 2020

Gefion enters liquidation after Danish watchdog pulls license

Unrated Gefion Insurance is to enter into liquidation after the Danish Financial Supervisory Authority (DFSA) withdrew the company’s insurance license because it failed to raise sufficient capital or file an adequate recovery plan.

Tue 30 Jun 2020

US commercial auto suffers worst underwriting loss in a decade in 2019

The US commercial auto market suffered its worst underwriting loss in a decade in 2019 with few bright lights on the horizon as carriers face a host of challenges including nuclear verdicts and a failure to adopt technology that their personal lines peers have embraced, according to AM Best.

Tue 30 Jun 2020

GRP acquires healthcare broker PCH

UK broker consolidator Global Risk Partners (GRP) has acquired healthcare intermediary Premier Choice Healthcare (PCH) marking the first acquisition since PE house Searchlight Capital Partners completed its majority investment in the group.

Tue 30 Jun 2020