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BP Marsh acquires 35% stake in Verve Risk Services
The funding from BP Marsh has enabled a management buyout from Castel Underwriting Agencies, with the management owning the remaining 65% of Verve.
Aisling Finn
,
28 April 2023
Q1 losses to drive Munich Re P&C Re CoR above consensus
Overall the group’s net result is likely to exceed consensus at EUR1.3bn.
Rachel Dalton
,
28 April 2023
AI, ChatGPT and the metaverse will accelerate future cyberattacks: Munich Re
Ransomware will remain the primary loss driver in 2023 in terms of threats for businesses and individuals.
Aisling Finn
,
28 April 2023
Chubb Q1 earnings: Evan’s got Asia on his mind
Chubb earnings reveal strategic expansion in Asia and pricing outpacing exposure.
Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala
,
27 April 2023
Aon posts 7% Q1 organic growth as reinsurance accelerates
Aon’s results continue a trend of accelerated organic growth among brokers in the first quarter.
Samuel Casey
,
28 April 2023
MGA Frontier to launch broker subsidiary with Michalowski-Cummings at the helm
Bastion Risk Partners will operate autonomously as a provider of specialist (re)insurance solutions for a wide range of commercial entities.
Abbie Day
,
28 April 2023
Mapfre Q1 net profit down 17.4% at EUR127.6mn
The carrier booked a net impact from the Turkish earthquake of EUR77mn.
Rachel Dalton
,
28 April 2023
London Market Joint Ventures appoints Halbard as CEO
Interim CEO Bob Verber moves to become commercial director.
Rachel Dalton
,
28 April 2023
The Week in 90 Seconds: Lloyd’s start-ups; Miller CEO; Marine talent churn
Plus this week’s Q1 results and the latest executive moves.
Rachel Dalton
,
28 April 2023
Tuck-in M&A multiples currently ‘not coming down’: Pat Gallagher
The CEO also said Gallagher Re posted a 12% organic revenue growth in Q1 amid the current hardening of the reinsurance market.
Jairo Ibarra
,
28 April 2023
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