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  • Insurance is a socially useful and a moral business. It is on the side of good and protects those that cannot otherwise afford protection. It allows the weak to stand up to the powerful. It enables trade, promotes resilience to disaster and helps accelerate economic development.
  • Ryan Specialty and BB&T are among the bidders that remain in the Swett & Crawford sale process alongside 10 private equity firms, The Insurance Insider can reveal.
  • PIB Insurance Brokers, the intermediary launched by former Willis UK & Ireland CEO Brendan McManus and UK broker consolidator Chris Giles earlier this year, has received financial backing from private equity house The Carlyle Group
  • London market service provider Advent Insurance Management has launched an asset recovery service, it announced today (14 December).
  • Expansive global brokerage Integro has acquired London-based specialist entertainment insurance broker Robertson Taylor's parent company Entertainment Insurance Partners (EIP) for an undisclosed sum.
  • International broker Lockton has entered exclusive negotiations to acquire specialist Italian protection and indemnity broker PL Ferrari & Co and has unveiled a major stake in Singaporean marine broker LCH
  • Berkshire Hathaway has reduced its stake in German reinsurance giant Munich Re to 4.6 percent in a further sign of Warren Buffett's revaluation of the reinsurance market
  • Great American-owned Lloyd's managing agent Marketform has hired Robert Brown as global practice leader of its M&A insurance operations, effective immediately.
  • Guo Guangchang, the chairman of Chinese conglomerate Fosun, attended a company meeting this morning (14 December) in his first public sighting since media reports suggested he had gone missing last week
  • Programme transformer start-up Clear Blue has secured its A- AM Best rating and will now line up to compete with leading fronting carrier State National in the growing segment of the P&C market.