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R&Q sells managing agency to Coverys

US medical malpractice specialist insurer Coverys has struck a deal to acquire Randall & Quilter's (R&Q) Lloyd's managing agency for $22.6mn, the London-listed business said today.

Adam McNestrie, 23 June 2017
US cyber premiums rise 35% to $1.34bn: AM Best

Total direct written premium in the cyber line of business written by US companies climbed almost 35 percent to $1.34bn last year, according to data from AM Best.

David Bull, 23 June 2017
HCI expands flood offering beyond Florida heartland

Florida homeowners insurer HCI Group has expanded its flood offering beyond its heartland in the Sunshine State.

Dan Ascher, 23 June 2017
Everest Re takes casualty boss from Hiscox

Everest Re has appointed Matt Kelly to head up its international casualty facultative division, the reinsurer said today.

Dan Ascher, 23 June 2017
China scrutiny focuses on Anbang and Fosun

China-based insurers Anbang and Fosun have come under investigation by regulators examining the financing for billions of dollars in overseas deals involving high-profile assets such as the Waldorf Astoria Hotel in New York and the Cirque du Soleil theatre troupe, the Financial Times said.

Ted Bunker, 23 June 2017
Trisura spun off as listed Canadian insurer

Trisura Group has completed its estimated $110mn spinoff from Brookfield Asset Management, an alternative investment manager and private equity investor in Toronto that distributed its controlling interest in the Canadian specialty carrier to holders of certain classes of Brookfield stock.

Ted Bunker, 23 June 2017
Chawhan completes switch to RBC from KBW

Neil Chawhan has begun his new role as managing director with RBC Capital Markets in New York after moving over from Keefe Bruyette & Woods (KBW).

David Bull, 22 June 2017
Aston Scott in advanced talks to buy Lark

Aston Scott, the broker consolidator led by erstwhile Oval CEO Peter Blanc, has been awarded exclusivity in the sale process for Hiscox-backed broker Lark, The Insurance Insider can reveal

Adam McNestrie, 22 June 2017
Beazley Irish insurance application ‘well advanced’

Beazley is nearing the end of the application process to create an insurance subsidiary in Dublin, and expects to share news on its Brexit contingency planning next month

Laura Board, 22 June 2017
Brown & Brown picks up Nashville-based agency

Listed US intermediary Brown & Brown has added another independent agency to its growing stable of broking houses with the acquisition of Spann Insurance

Dan Ascher, 22 June 2017

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