IM-Palomar-HurricaneIda

Palomar facing $14.5mn to $15.5mn net Q3 cat hit

2021-10-19T22:11:00+01:00

Palomar Holdings’ third quarter results will include an estimated $14.5mn to $15.5mn of pre-tax catastrophe losses net of reinsurance from Hurricanes Ida and Nicholas.

IM-IVANS-CommercialProperty

Ivans: Market continues to harden as rate rises accelerate in most lines

2021-10-19T21:13:00+01:00

Rate rises continued to accelerate upwards in four of the six business lines tracked by the Ivans Index in 2021’s third quarter compared to the second quarter, with commercial auto the only sector where the pace of price rises slowed during the period while workers’ compensation’s softening slowed.

Palomar and New Horizon

Palomar to front for New Horizon on cross-border commercial auto program

2021-10-19T16:38:00+01:00

Palomar Holdings is providing the AM Best A- IX rated paper of its admitted carrier subsidiary to unrated cross-border commercial auto specialist insurer New Horizon Insurance Company and its MGU Green Road Services, The Insurer can reveal.

Peter Trochev – Ascot

Ascot hires Nationwide’s Peter Trochev to head US FI practice

2021-10-19T14:15:00+01:00

CPPIB-backed (re)insurer Ascot has hired Nationwide’s head of management and professional liability products to lead the group’s US financial institutions practice.

IM-Rhino-CoverGenius-UShomes

Rhino and Cover Genius launch Markel-underwritten embedded renters coverage

2021-10-19T12:59:00+01:00

Real estate-focused technology platform Rhino has partnered with Cover Genius to enter the renters insurance market with a new embedded offering underwritten by Markel.

Target Markets

Target Markets: US program sector hit $53.8bn of premiums in 2020

2021-10-18T15:47:00+01:00

US program premium volume grew by 32.8 percent to $53.8bn from 2018 to 2020 with momentum again set to pick up in 2021 after lower growth in premiums administered and a slight decline in renewal rates through the pandemic last year, according to the TMPAA’s latest biennial survey of the ...

Taussig Capital

Taussig Capital acquires Spencer Re

2021-10-19T13:44:00+01:00

Taussig Capital has acquired all of the voting shares of Puerto Rico-based carrier Spencer Re II, which will be rebranded Taussig Capital Re.

Optis

Optis: US and Canada insurance broker M&A up 13% in first nine months

2021-10-19T13:33:00+01:00

US and Canada agent and broker acquisition deal count was up 13 percent in the first nine months of the year following a further 213 transactions in the third quarter, according to figures from Optis Partners, which is anticipating full-year activity to hit a new annual high.

One80 and EPIS

One80 buys US Gulf region MGA and wholesale broker EPIS

2021-10-19T11:59:00+01:00

Wholesale consolidator platform One80 Intermediaries has expanded its presence in the US Gulf Coast region with the acquisition of Equity Partners Insurance Services, a Louisiana-based MGA and wholesaler for commercial and personal lines.

IM-Gallagher-MattJensen-NewZealand

Gallagher buys New Zealand broker Matt Jensen

2021-10-18T21:05:00+01:00

Arthur J Gallagher has acquired New Zealand-based Matt Jensen Insurance Brokers Limited, which provides a range of fire/general and life/health insurance solutions across the central North Island.

Vale

Vale hires Chubb execs to lead NA R&W unit amid investor interest

2021-10-01T14:07:00+01:00

Vale Insurance Partners has taken Colin Addy and Gregory Conroy from Chubb and promoted Megan Quail to be co-heads of its North American Rep & Warranty (R&W) business as it also continues to engage with potential investors to secure growth capital, The Insurer can reveal.

TigerRisk

Fox: TigerRisk’s Ronda hire creates “best leadership team in our industry”

2021-10-01T13:26:00+01:00

TigerRisk has confirmed the hiring of Tim Ronda from Aon’s Reinsurance Solutions in a move it says strengthens the risk, capital and strategic advisor as an “elite player” in the reinsurance marketplace.

IM-Acrisure-Lowell-Singer

Acrisure unveils Disney’s Singer as CFO to support fintech transition

2021-09-14T20:38:00+01:00

Fast-growing insurance broker and financial services platform Acrisure has named Lowell Singer as its new CFO, with the executive joining from The Walt Disney Company, where he was head of investor relations.