Abry Partners closing in on deal for wholesaler Socius
Private equity firm Abry Partners is close to sealing a buy-in to California-based US wholesale broker Socius Insurance Services, The Insurer can reveal.
Euclid Transactional makes middle market and tax push with new hires
M&A-focused MGA Euclid Transactional has hired Simon Chung business as head of middle market business after a short stint at ASQ Underwriting, with Jeff Lash and Bryce Pressentin also joining as tax underwriters.
Kemper estimates $26mn to $29mn of Q1 cat losses
Kemper has announced its first quarter 2021 results will include estimated pre-tax catastrophe losses of $26mn to $29mn.
Berkley Service Professionals adds Core Specialty’s Sedliak
WR Berkley’s Berkley Service Professionals has brought in Jude Sedliak as a vice president of underwriting with the new hire joining after more than five years at StarStone/Core Specialty.
BHSI recruits CNA’s Robb in latest US liability hire
Berkshire Hathaway Specialty Insurance (BHSI) has hired CNA’s Brian Robb to lead its cyber, miscellaneous professional liability (MPL) and technology E&O offering in the US.
US and Bermudian carriers tally $1.4bn of winter storm claims ahead of earnings season
US and Bermudian (re)insurers have now disclosed close to $1.4bn of winter storm losses in preannouncements ahead of the first-quarter earnings season, with reinsurers set to face a substantial percentage of losses from the event.
Abry Partners closing in on deal for wholesaler Socius
Private equity firm Abry Partners is close to sealing a buy-in to California-based US wholesale broker Socius Insurance Services, The Insurer can reveal.
Euclid Transactional makes middle market and tax push with new hires
M&A-focused MGA Euclid Transactional has hired Simon Chung business as head of middle market business after a short stint at ASQ Underwriting, with Jeff Lash and Bryce Pressentin also joining as tax underwriters.
KBW: Aon-WTW concessions signal desire to complete partial deal ASAP
Reports by this publication about targeted divestments of Willis Towers Watson insurance brokerage business in the US and Bermuda point to Aon’s “very credible” expectations of value creation “at as much of WTW it can buy”, according to KBW analyst Meyer Shields.
DoJ now intervenes to add further WTW US/Bermuda divestments to close Aon deal
The offices of Willis Towers Watson’s Corporate Risk and Broking business in San Francisco and Houston as well as its Bermuda insurance broking arm have been added to the basket of assets set to be divested to get the firm’s acquisition by Aon approved by the US regulator, The Insurer ...
Euclid Transactional makes middle market and tax push with new hires
M&A-focused MGA Euclid Transactional has hired Simon Chung business as head of middle market business after a short stint at ASQ Underwriting, with Jeff Lash and Bryce Pressentin also joining as tax underwriters.
RSA names ex-Aviva UK CEO Hodges as chair under Intact ownership
RSA has announced that Mark Hodges, former CEO of Aviva UK and British Gas, will take on the position of chair following the completion of the carrier’s proposed takeover by Intact Financial Corporation and Tryg A/S.
Malloy to head distribution and run-off at merged SiriusPoint with Govrin as CUO
Third Point Re has unveiled a host of executive and senior underwriting roles at SiriusPoint, including the positions taken by its current executives Dan Malloy and David Govrin as well as Sirius executive Monica Cramér Manhem, with the merger of the two companies set to close this week.