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Marsh & McLennan Agency buys North Carolina broker

Marsh & McLennan Agency has acquired a Raleigh, North Carolina-based independent insurance brokerage firm for undisclosed terms, the Marsh subsidiary known as MMA said today.

Anthony Baldo, 08 February 2018
Opinion: Technology and talent

At the start of Insurance Careers Month in the US, it's appropriate to think about the 400,000 people who are expected to leave the industry over the next few years.

Anthony Baldo, 07 February 2018
QBE reshapes domestic operations under Bhatia

QBE has appointed senior managers at its Australian and New Zealand operations and created two new portfolios under the leadership of regional CEO Vivek Bhatia.

Charlie Thomas, 07 February 2018
Property insurers face confusion around Californian mudslides

A ramping up of rhetoric from the local regulator, pending lawsuits and prospective legislation are combining to complicate the question of which firms will pay claims related to December's Californian mudslides.

Charlie Thomas, 07 February 2018
Everest confirms Sanders hire for political risk

Everest Insurance has confirmed the hire of Paul Sanders from Aspen as head of European credit and political risk.

Bernard Goyder, 07 February 2018
Lloyd’s plans cuts in oversight burdens: Hancock

Lloyd’s of London will do more to reduce red tape for carriers and promote a principles-based regulatory regime, Jon Hancock, the Corporation’s director of management, said today.

John Hewitt Jones, 07 February 2018
XL shares rise over 12% on Allianz M&A report

XL Group shares jumped 12.5 percent today after a Bloomberg report pegged the Bermuda-based (re)insurer as drawing takeover interest from Allianz SE and possibly others.

Anthony Baldo, 07 February 2018
Hannover Re expects EUR950mn 2017 net profit

Hannover Re is expecting full-year 2017 net income of approximately EUR950mn ($1.18bn), better than the previously anticipated EUR800mn, it announced this morning alongside renewals commentary.

Bernard Goyder, 07 February 2018
PCS Irma number yo-yos as creep returns

PCS raised its loss number for Hurricane Irma to $17.2bn in a 30 January update, two months after lowering its initial figure by $3.0bn to $15.0bn.

David Bull, 07 February 2018
Aon Benfield UK chairman Ledger to retire

David Ledger is retiring from Aon, the broking house has confirmed.

Bernard Goyder, 07 February 2018

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