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Tech venture Bridger picks up auto MGA

Newly established tech venture Bridger has bought a California-based MGA that will serve as the platform for its new blockchain smart contract, The Insurance Insider can reveal

Dan Ascher, 21 June 2017
Storm Cindy heads towards southern US coast

The third storm of the 2017 hurricane season, Cindy, is expected to cross the US coastline later today, as the National Hurricane Center (NHC) warned that rainfall could produce flash flooding in the affected areas

Fiona Robertson, 21 June 2017
Belisle to stay on as Markel Catco CEO

Markel Catco Investment Management CEO Tony Belisle has extended his contract with the parent of the company he founded for another two years

Lucy Jones, 21 June 2017
Epsilon hires former Pen execs for senior roles

Australia-based coverholder Epsilon Underwriting Agency has added a chairman to its team as one of two senior hires

Laura Board, 21 June 2017
IGI hires from Brit for legal expenses push

International General Insurance Holdings Limited (IGI) has introduced legal expenses as a new line of business to its portfolio with the hire of Terry Mason from Brit

Catrin Shi, 21 June 2017
Irdai puts GIC Re refusal rights under review: report

The Indian insurance regulator is reportedly set to review the rule that grants state-owned Indian reinsurer GIC Re the right of first refusal on all treaty business in the country

Matthew Neill, 21 June 2017
Vibe creates MGA incubator

Vibe has launched an independent MGA incubator for insurance entrepreneurs under the label Vibe MGA Management (Vibe MM)

21 June 2017
Opinion: The agency model

Lloyd's carriers are finding it increasingly challenging to make money underwriting for their own account as rates are eroded year-on-year and acquisition costs run out of control

Adam McNestrie, 21 June 2017
QBE shares hit by profit warning

Shares in QBE plunged over 10 percent today after the Australian carrier said high claims activity in its emerging markets business would inflate combined ratios.

Matthew Neill, 21 June 2017
Universal gets set to start underwriting in NY

Florida’s leading multi-peril homeowners underwriter Universal Insurance Holdings is poised to begin writing policies in New York state as the carrier pursues its plan to expand outside its home base.

Ted Bunker, 21 June 2017

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