NFP, a company under Aon and a broker in property and casualty (P&C) insurance, benefits consulting, wealth management, and retirement plan advising, has announced its acquisition of Scott Litman Insurance Agency (SLIA). SLIA, based in Calabasas, California, is a P&C broker with expertise in habitational risk. Scott Litman, President of SLIA, will take on the […]
Lloyd’s, the world’s oldest insurance and reinsurance marketplace, has reported a 24%, or £600 million year-on-year rise in underwriting profit to £3.1 billion for the first half of 2024, as the market produced its best interim combined ratio since 2007 of 83.7%. In 2023, Lloyd’s achieved its best underwriting result in recent history, and the […]
Specialist Risk Group (SRG), the insurance intermediary, has acquired Capulus, the specialist motor fleet managing general agent (MGA), based in Wales. According to the announcement, Capulus’ team, which consists of 21 colleagues, will join SRG’s MGA pillar – MX, which will further enhance SRG’s motor fleet capabilities across its Retail, Wholesale, and Underwriting pillars. Moreover, […]
Bishop Street Underwriters, the multi-boutique insurance platform owned by RedBird Capital Partners, has announced a strategic joint venture with Skyward Specialty Insurance Group to support growth of its Differentiated MGA Platform. The joint venture is expected to accelerate Bishop Street’s ability to strengthen managing general agents (MGAs) and support existing program expansion, new product and […]
Hexaware, an IT services and solutions provider, looks to accelerate insurance pricing transformation with its recent Earnix partnership, a global provider of AI-based SaaS pricing and rating solutions for financial services. The partnership aims to improve underwriting, efficiency, reduce losses, better comply with the regulations, and ensure competitive advantage through effective pricing strategies. Hexaware supports […]
Distinguished Programs, a national insurance programmes manager, has appointed Ashley Mehyo as Vice President of Claims for its Fine Art and Collectibles programme. With over seven years of industry experience, Mehyo has specialised in Fine Art & Collectibles throughout her career. Her expertise will be crucial in advancing Distinguished’s commitment to offering top-tier claims service […]
Chubb has announced the appointment of Greg Giardiello as Global Controller, succeeding Mong-Diep “Dee” Le, who was recently named Chubb’s Chief Auditor. Based in Chubb’s Philadelphia office, Giardiello will be reporting to George Ohsiek, Vice President, Chubb Group and Chief Accounting Officer. “Adding outside skills and perspectives to the deep knowledge and expertise in corporate […]
EPIC Insurance Brokers & Consultants (EPIC) has expanded its presence in the midwest of the US with the acquisition of Phillips Bros. Insurance Agency. Based in Chicago, Phillips Bros. is a multi-line firm that focuses on private client and commercial property & casualty solutions. The fifth-generation family-run firm led by father-and-son duo Kevin and Charlie […]
After 2023 saw substantial reinsurance market corrections, including the restructuring of programs and the reset of pricing, 2024 has focused on the details, but according to executives at Guy Carpenter, while pricing is expected to continuously recalibrate, program restructuring is likely to be sustained. During Guy Carpenter’s recent pre-Monte Carlo media briefing, President and CEO, […]
Tokio Marine HCC (TMHCC) – Specialty Group, part of the Tokio Marine HCC companies based in Houston, Texas, has announced the addition of a malicious cyber event extension to its cancellation product. This enhancement is available through both its Lloyd’s syndicate and HCC International Insurance Company PLC. TMHCC – Specialty Group’s event cancellation business is […]
