Marsh’s whirlwind acquisition of JLT surprised ratings agencies, as it was a “larger” deal than expected from the world’s biggest broker.
Marsh expects to save around $250m in “cost synergies” from the acquisition of JLT, with up to 3750 jobs at risk.
Marsh’s $5.6bn (£4.2bn) acquisition of JLT could spell opportunity for private equity-backed brokers, analysts believe.
Insured losses from Typhoon Jebi will be between $3bn (£2.3bn) and $5.5bn (£4.2bn), RMS estimates.
On-demand inspections start-up Shepper has raised $5.4m (£4.1m) in a series A round led by Aviva Ventures and Norwegian Idekapital Fund 1.
Allianz Group achieved the top position as sector leader among all rated insurance companies in the Dow Jones Sustainability Index
The Hanover has sold Chaucer to China Re for a total price of $950m (£726m).
Former Aon global analytics CEO Paul Mang is joining software provider Guidewire to head up a new analytics unit.
Lloyd’s of London’s innovation accelerator Lloyd’s Lab launched today, following a global hunt for technology talent.
We have all experienced that heart-stopping moment when our phone rings and our eyes are greeted with the dreaded: "No caller ID."
In addition to insurers exposed to property risk, AM Best expects that motor insurers will see claims resulting from heavy rainfall.
Large insurers have the expertise to prepare for the future, writes Sonia Wolsey-Cooper, chief corporate responsibility officer at Axa UK and Ireland, urging them to fund research and strike partnerships for the common good.
Following the launch of its Automotive Innovation Centre in 2014, Allianz Partners has created three further 'innovation centres'.
Global standards body Acord is making it simpler for trading partners to connect when they use Acord Standards for the first time or upgrade to its newer version.
Katherine Conway, head of diversity and inclusion and community affairs at Aon, explains that D&I efforts must go beyond recruitment to now focus on company culture.
Musical instruments require insurance cover that's in tune with their tumultuous lives.
As climate change becomes tangible, insurers are feeling the heat. Their understanding of the risks could inform not just their underwriting but also their investment strategies.
The Central Bank of Ireland has fined two Dublin-based subsidiaries of Partner Re €1.54m (£1.35m) for breaches of the European Union regulation on solvency requirements.
The London and International Insurance Brokers’ Association has written to the Prime Minister raising concerns over the government’s planned equivalence regime for brokers post-Brexit.
The CEO of Hannover Re, Ulrich Wallin, is to step down and retire from the reinsurance giant in 2019 and will be replaced by Swiss Re’s Jean-Jacques Henchoz.
Overall, top-line growth for the 30 largest European insurers has been steady, reflecting the underlying economic conditions throughout Europe, explain Tim Prince and Yvette Essen, director of analytics and director of research at AM Best
Challenging times for the oil and gas industry call for a change in the way insurers address energy risks, writes Nicola Harris, head of energy for Europe, Middle East and Africa at XL Catlin.
Some might have already labelled it a failure but open banking will continue to evolve and insurers should sit up and take notice. That is the view of The Marketing Eye's Neil Edwards, who believes these platforms could eliminate form filling and make…
The UK has seen 28 private equity deals in insurance over the past 18 months, half of total number in Europe.