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ProGlobal nears completion of business sale

ProGlobal Insurance Solutions said it expected to complete the sale of its outsourcing and consulting businesses on 30 June after securing all the necessary approvals

Laura Board, 20 June 2017
Opinion: Auto survey

After mounting frequency and severity losses, auto insurance is a rare pocket of hard market conditions in an otherwise soft US insurance market

David Bull, 20 June 2017
R&Q strikes California trucking loss portfolio transfer

Legacy carrier Randall & Quilter (R&Q) has agreed a loss portfolio transfer reinsurance contract to cover an estimated $43mn of legacy liabilities for a California-based insurance group.

Mattnew Neill, 20 June 2017
Epic acquires After product warranty analytics firm

Expansive US retail broker and employee benefits consulting firm Epic has acquired After, a product warranty analytics firm that will partner with its PowerGuard Specialty subsidiary.

Dan Ascher, 20 June 2017
Auto insurers must show value as prices rise: JD Power

Efforts by loss-struck carriers to rehabilitate their personal auto books have resulted in rate increases for 26 percent of customers, according to the JD Power 2017 US auto insurance study.

David Bull, 20 June 2017
Former Benfield chairman Coldman gains OBE

Insurance veteran John Coldman has been appointed an officer of the Order of the British Empire in the Queen’s Birthday Honours.

Laura Board, 19 June 2017
Chubb promotes Butler to lead NA insurance

Chubb has appointed Gerard Butler division president for its North American insurance operations to replace the retiring Harold Morrison, the carrier announced today

Dan Ascher, 19 June 2017
AIG sells $65.4mn in additional Arch shares

AIG has sold an extra 707,210 Arch shares after underwriters in a secondary offering exercised an option to buy more of the stock that AIG picked up in selling United Guaranty to the Bermudian carrier

Ted Bunker, 19 June 2017
Arrowhead General Insurance Agency acquires TriCoast

Brown & Brown-owned Arrowhead General Insurance Agency has added a small earthquake and hurricane insurance agency TriCoast Insurance to the group, the company announced.

Lucy Jones, 19 June 2017
Faraday US cat underwriters follow Rayner to Apollo

Faraday's US property catastrophe treaty reinsurance team has resigned and will join the Lloyd's (re)insurer's former chief underwriting officer Mark Rayner at Apollo, The Insurance Insider can reveal

Adam McNestrie, 19 June 2017

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