Brown & Brown, the insurance brokerage, has reported its results for the second quarter of 2024, which includes a net income of $257 million, representing a substantial increase from the previous year’s $190 million.
US insurance brokerage World Insurance Associates LLC (World), has announced the appointment of John Peterson as chief growth officer, effective January 10, 2024.
ERS, a specialised UK motor insurance company and part of IQUW Group, has announced that Tom Cummings will be taking on the role of Head of Counter Fraud.
Agents and Brokers, Emerging Risks, P/C Insurers, Political Risk Allianz, Liberty Mutual, Marsh & McLennan, USI Insurance Services, Willis Towers Watson
Global credit rating agency AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to IQUW Re Bermuda Limited, which enables IQUW to access $1 billion in group capital as the specialty re/insurer looks to expand its third-party reinsurance business.
Current Issue, Cyber Risks, Technology Axa, Marsh & McLennan
Agents and Brokers, Cyber Risks, D&O, P/C Insurers Marsh & McLennan
In a strategic collaboration, global reinsurer Swiss Re has joined forces with research partner Carnegie Endowment and major cloud providers to address and mitigate the risks associated with the concentration of cloud services.
Excess and Surplus Lines, P/C Insurers, P/C Pricing, Property United Kingdom Allianz, Arthur J. Gallagher & Co., Berkshire Hathaway, Liberty Mutual, The Travelers Cos.
New research published from Capgemini and Efma’s recent World Property and Casualty Insurance Report reveals that climate change is hurting the insurance industry, and that insurers need to change their business models to achieve climate resiliency.
Agents and Brokers, Current Issue, Mergers and Acquisitions
Fortegra, the multinational specialty insurer, has appointed Bianca Hoshina as its Chief Reinsurance Buyer. She will be based out of Miami, Florida.
The Doha Insurance Group (DIG), a provider of insurance and reinsurance solutions in the Middle East and North Africa region, has obtained approval from the Qatar Central Bank to establish a new branch in the Kingdom of Saudi Arabia.
SiriusPoint has appointed Bobby Heerasing as UK country branch manager.
