Richard Brindle's Fidelis Insurance has launched its first MGA, Radius, two months ahead of schedule, as it seeks to take advantage of favourable trading conditions
Storm Herwart, which hit large parts of northern and central Europe over the weekend, is set to cost German property insurers some EUR250mn, according to actuarial specialist Meyerthole Siems Kohlruss.
Japanese insurer Aioi Nissay Dowa Insurance (ADI), part of MS&AD, has become the latest insurer to announce plans to establish its European subsidiary in Luxembourg following the UK's decision to leave the European Union.
The London Market Association (LMA), working in conjunction with the International Underwriting Association, has concluded a five-year deal with long-time service provider Xchanging worth £500mn ($658.6mn), as predicted by The Insurance Insider.
