Specialist insurer, Markel International has acquired EC Insurance Company.
International General Insurance Holdings has appointed Waleed Jabsheh as executive director of its UK board.
Axis has improved its cash offer to acquire Novae to 715 pence per share valuing the Lloyd’s listed insurer at approximately £477.6m.
MS Amlin has appointed Chris Rash as chief finance and operations officer following Richard Hextall’s decision to depart from the company at the end of September this year.
Ex-Bluefin broking managing director, Kenny Hogg, has been appointed regional managing director of Arthur J. Gallagher’s Scottish operations.
Ex-Bluefin CEO Robert Organ will replace Paul Tasker in September of this year.
Matthew Moore will take over as president of Liberty Specialty Markets as Nick Metcalf, president and managing director of the company, steps down.
LV has confirmed that it is in discussions with Allianz regarding a potential sale of a significant minority stake in the insurer’s GI operation.
The boards of Novae and Axis have agreed the terms of sale that will see the Bermuda-based reinsurer take over the Lloyd’s carrier.
German reinsurance giant Hannover Re has completed the acquisition of the UK holding company Argenta Holdings.
Specialty managing general agent Nexus Group has acquired US personal accident treaty reinsurance MGA Zon Re.
Managing general agent Nexus Group has acquired Equinox Global, a registered and approved Lloyd’s Coverholder, and all other Equinox group companies.
Specialist Lloyd’s broker Servca has expanded footprint into Canada, providing regional Canadian brokers with direct access to Lloyd’s of London.
Aquila Underwriting has sold its interest in Vectura Underwriting to the Nexus Group.
Randall & Quilter has sold its Lloyd's managing agency, R&Q Managing Agency, to Coverys, a US-based medical professional liability insurer for $22.6m.
Online retailer Amazon is more likely to compete with aggregators than traditional carriers if it enters the insurance space, experts said.
Neon has expanded its offshore footprint through the acquisition of Guernsey-based Sapphire Underwriters.
Gallagher Bassett has acquired Strata Solicitors as the third-party administrator continues to bolster its size and offering in the United Kingdom.
The latest market moves in insurance.
Liberty Mutual Insurance is to acquire Ironshore, a global specialty lines company, from Chinese conglomerate Fosun International.
Specialist managing general agent Accelerate Underwriting has agreed a three year deal with UK insurance broker JM Glendinning.
Helios Underwriting has acquired Salviscoint, a limited liability member of Lloyd's, for £800,000.
Legal business DWF is to merge with Belfast-based law firm C & H Jefferson.
Aon Benfield has appointed Nick Frankland to CEO of its UK business.