Markel Canada, the Toronto-based subsidiary of Markel International, has acquired the remaining 50 percent stake in Allsport Insurance Marketing Ltd. Allsport is an incorporated managing general agent (MGA) specializing in providing insurance to Canadians for sports, leisure and recreation activities. …
The initial estimate of insured property market losses for extra-tropical cyclone Thomas, which hit the British Isles, the Netherlands, Belgium and Germany on Feb. 23-24, 2017, is €213 million (US$222.7 million), according to PERILS, the independent Zurich-based organization that provides …
Alan Boswell Group, the Norwich, England-based insurance broker and financial adviser, announced it has acquired Sutcliffe Solloway & Co. Ltd. (trading as Sutcliffe Insurance Brokers), thereby expanding its business into Lincolnshire, England. The financial terms of the acquisition were not …
Defective product/work quality issues, crashes and human error are listed as the top causes of liability loss for businesses, according to a report published by Allianz Global Corporate Specialty (AGCS). Collectively, these top three causes of loss for businesses account …
A large-scale cyber attack from a group targeting organizations in Japan, the United States, Sweden and many other European countries through IT services providers has been uncovered, the Swedish computer security watchdog said on Wednesday. The cyber attack, uncovered through …
Britain will get 60 million euros (51.3 million pounds) from the European Union to repair damage caused by the floods last year, a lawmaker said on Tuesday. Britain had asked for EU support to rebuild infrastructure damaged by heavy rains …
Lloyd’s, the specialist insurance and reinsurance market, announced it has begun to operate in India with MS Amlin as the first Lloyd’s business to join the branch and begin underwriting. Lloyd’s India will act as a domestic reinsurance branch of …
RMC Group, a Naples, Fla.-based consortium of leading insurance and actuarial consulting firms, announced that Ryan S. Mitchell has been named president of its U.K.-based operation. Working out of RMC’s London office, Mitchell will coordinate and oversee RMC’s European reinsurance …
With flooding on the rise around the world, Johnston, R.I.-based FM Global said it has created an interactive Global Flood Map to help companies manage this increasing and potentially costly risk. The Global Flood Map provides business executives with a …
XL Group, the corporate parent of XL Catlin, said that Stephen Catlin will be retiring as executive deputy chairman at the end of 2017. Catlin sold his eponymously-named Bermuda specialty insurer and reinsurer to XL Group in 2015 for $3.9 …
