Danish insurer Gefion has further pushed back its expected timeline for a capital injection in the business, following an order by the regulator that it cannot expand into further territories until it bulks up its coffers.
Marsh sister company Guy Carpenter has appointed David Priebe as chairman, effective immediately.
Finch group has completed the acquisition of Bridle Insurance, bringing £10m in gross written premium to the company.
Allianz has uncovered more than £29.6m worth of fraud in the first half of 2019, an increase of £6.9m compared to the same period last year.
RSA is raising £350m through a senior notes offering, which it intends to use for “general corporate purposes”.
Exclusive: Gefion still remains “in the process” of recapitalising, more than six weeks after the Danish regulator ordered it to hold off on expanding into new territories until its finances are back on track.
Ardonagh group has confirmed the closure of all Swinton branches as the integration of the business is almost complete.
Admiral has reported a hit of £33m from Ogden in the first half of 2019, with a total estimated hit of between £50m and £60m.
Zurich UK GI has seen an increase of 144% in operating profits for the first half of 2019.
Invoice insurance startup Nimbla has replaced its previous underwriter Munich Re, with QBE.
Sedgwick has acquired Nordic Loss Adjusting and related entities, for an undisclosed amount.
International risk services firm Gallagher Bassett has acquired the assets of Welsh claims firm, Adjusting Associates, to expand its offerings in the UK.
ERS has made changes to its senior team, as chief finance officer Kate Wade has chosen to take some time out of the market.
RSA UK & International CEO Scott Egan hailed progress in the first half of 2019, but said the insurer will remain “vigilant” where it comes to its London Market business.
Arch Capital has agreed to buy Lloyd’s insurance group Barbican.
Direct Line saw profit slide 10.2% for H1 compared to the first half of 2018.
Nexus has acquired financial and professional lines managing general agent Plus Risk Limited.
Sabre’s combined operating ratio remained in its target of within the mid-70s range, while premiums shrank 7% in the first half of 2019.
One in four people experience poor mental health each year, writes Alex Perry, CEO of Bupa Insurance UK, arguing that with a quarter of customers affected by the issue it's important that addressing mental health is a priority for the whole insurance…
Hiscox has reported a profit before tax of $168m for the first quarter of 2019, up from a profit of $162.7m on the same period last year, despite a higher volume of claims.
Aston Lark made a profit during its transformational year.
Lemonade competitor Hippo has raised $100m in a Series D funding round, led by Bond Capital.
PIB has appointed Tim Chadwick as chief risk officer, following the departure of Jon Stanley.
Scor’s property and casualty division has seen growth in H1 2019, while legal action against Covéa and its CEO and chairman Thierry Derez will continue in 2020.