Sompo International has agreed to purchase Assicurazioni Rischi Agricoli VMG 1857 (ARA), a deal that strengthens the Bermudian’s European agricultural book through increased geographical and exposure distribution.
A Florida circuit court judge has denied Marsh’s attempt to dismiss a lawsuit brought by rival Aon over the hire of more than 40 Florida-based staff including East Coast managing director Michael Parrish.
Patriot Growth Insurance Services is set to announce a recapitalisation with private equity firm GI Partners that could value the fast-growing insurance agency and broker consolidator platform at close to $1.7bn, The Insurer can reveal.
Berkshire Hathaway Specialty Insurance is embarking on a global growth drive with the expansive carrier in the process of establishing its own worldwide network of locally based companies to better serve multinational customers, The Insurer has learned.
Acrisure Re has named Nick Godfrey as head of capital markets and Jonathan Zisaruk as head of legacy as part of a quartet of senior appointments within the intermediary’s corporate advisory and solutions division.
The board of IRB Brasil Re has elected Raphael Afonso Godinho de Carvalho as CEO of the reinsurer, taking over from Wilson Toneto on 1 October.
BMS Re has confirmed the appointment of Jerry Farrell in a move first revealed by The Insurer last week.
Commercial auto insurtech Cover Whale Insurance Solutions has launched an E&S trucking program in partnership with participatory fronting carrier Everspan.
Axa XL has appointed Stephen Clark as its new marine liabilities global practice leader in addition to his current responsibilities as North America hull and liabilities practice leader.
Liberty Specialty Markets has hired Michael Harth as country manager for Germany, starting in January 2022.
Almost 100 UK businesses, including eight representing Britain’s (re)insurance sector, have written to Prime Minister Boris Johnson urging him to show strong “domestic leadership” that can help deliver global progress on climate change.
Brown & Brown subsidiary Bridge Specialty Group has acquired New Jersey-based wholesale broker Gremesco.
Lloyd’s has said it plans to mandate the collection of ethnicity data as part of a move to drive up the representation of ethnic minorities across the market.
Hurricane Nicholas will cost insurers close to $950mn, according to a preliminary estimate from Karen Clark & Company.
European P&C stocks followed Asian equities sharply lower on Monday with the majority of major carriers seeing their share prices decline on wider market concerns over wholesale energy prices and inflation.
Atrium Underwriting has confirmed the appointment of Axa XL’s Mike MacColl to head up its hull and war business, as revealed by The Insurer in March this year.
Convex has created a Luxembourg-based European insurance entity to serve clients within the European Economic Area.
Later this morning the UK run-off market will be leaving their desks – whether at home or in the office – and jumping on the Brighton train for the first in-person legacy conference since the start of the pandemic.