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FCA to introduce new financial resilience reporting impacting brokers and MGAs

The authority will be investing £12.7mn to implement regulatory reforms that will see it focus on economic growth as a secondary objective.

Abbie Day, 05 April 2023
US insurance leaders urge US, China to stabilise relations in face of Taiwan visit

Their remarks follow a slump in diplomatic relations between the two countries over the island nation.

Jairo Ibarra, 05 April 2023
Marine cyber MGA Astaara boosts cyber insurance limit to $25mn

It has increased its limit based on market demand and feedback from customer base across the port and shipping sectors.

Ayesha Venkataraman, 05 April 2023
Gallagher Re hires Zanelli for capital markets role

Bart Zanelli will work within Gallagher Securities, specialising in capital raising and M&A.

Samuel Casey, 05 April 2023
Acrisure expansion continues with Unilink Group in central and eastern Europe

Unilink is the largest broker in the region, with 1,300 staff providing a range of life and non-life products.

Samuel Casey, 05 April 2023
Optio puts pen down on PVT after losing capacity from backers

The specialty MGA cited the recent contraction in the reinsurance treaty market as a reason for its loss of capacity but said it was in advanced discussions with other providers.

Aisling Finn, 05 April 2023
Oneglobal promotes Spicer, Oh and Gingell

The JC Flowers-backed broker is also creating a new global executive committee.

Rachel Dalton, 05 April 2023
LMA makes Chaucer’s Stacey chair of CUO committee

The new 15-strong committee is to provide underwriting guidance to the wider market.

Rachel Dalton, 05 April 2023
Zurich becomes second insurer to withdraw from NZIA

Zurich’s decision comes less than a week after Munich Re decided to withdraw from the UN-backed initiative.

Aisling Finn, 05 April 2023
Aon appoints Manuel Pachlatko as head of cyber in Switzerland

Pachlatko joins from Kessler where he was the practice leader for cyber and crime risks as well as team leader.

Abbie Day, 05 April 2023

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