New UK MGA launches to serve international insurance market & more…Keep up with what has been happening this week in our latest insurance news round-up…
Ukraine reaches deal with insurers for grain shipments
Arrangement created with broking giant Marsh McLennan will provide affordable cover for Black Sea vessels
Zurich’s Farmers Group Seeks More Fee Income Via Acquisition of 3 Brokers for $760M
Zurich Insurance Group announced that its subsidiary, Farmers Group Inc. (FGI), has agreed to acquire three insurance brokers of the Farmers Exchanges for US$760 million. The deal also includes the Farmers Exchanges’ flood program servicing arm.
New UK MGA launches to serve international insurance market
The climate risk technology platform, Arbol, has today announced its expansion it’s the UK via the launch of a new London-based MGA. The newly established business will look to leverage Arbol’s UK partnerships with capacity brokers and brokers to fortify its global network and service the international insurance market outside the US.
WTW launches A-Star: A Global D&O Excess Facility Offering Exclusive Client Benefits
WTW (Nasdaq: WTW), a leading global advisory, broking, and solutions company, announced the launch of A Star, a cutting-edge excess layer D&O insurance solution for directors and officers. The new facility provides streamlined access to up to £/$/€ 80,000,000 additional capacity for Directors’ & Officers’ liability insurance, ensuring comprehensive protection for non-indemnified loss scenarios.
Aviva reports 13% increase in 9M’23 GWP for general insurance segment
Global insurer, Aviva plc has reported a 13% increase in gross written premiums (GWP) for its general insurance business in 9M 2023 to £8 billion, driven by strong rate, new business volumes, and retention.