Global insurance broker Hub International Ltd. has acquired New Dimensions Underwriters Ltd. Based in Edmonton, Alberta, Canada, New Dimensions is a managing general agency. Russ Davis, the owner and president of New Dimensions, will join Hub Financial and be part …
General insurer RSA said that Jon Hancock, managing director of UK commercial lines and global broker relationship director, is leaving RSA to take up the role of director of Performance Management at Lloyd’s of London. Hancock has been at RSA …
Chubb announced that Jamie Keaney, formerly European Personal Risk Services underwriting manager, has been promoted to the new role of vice president and chief underwriting officer for International Personal Risk Services, as the company continues to expand its international high …
Swiss Re landed on top of a ranking of global non-life reinsurers, just edging out Munich Re by a few hundred million dollars in premium on a list extracted from an A.M. Best analysis. The rating agency’s special report on …
Reinsurance demand has increased over the past 18 months, with the cession ratio across the global property/casualty insurance industry registering a small rise for the first time in several years, and the trend expected to continue for the remainder of …
London-based BMS Re US, a specialist insurance and reinsurance broker, has acquired a reinsurance intermediary that complements its own operations. BMS, which is the broking arm of Minova Insurance, acquired Advocate Reinsurance Partners, a privately-held reinsurance intermediary for middle-market insurance …
China has opened up a new channel for insurers to invest in Hong Kong equities. Insurance funds are now allowed to buy the city’s shares through an exchange trading link with Shanghai, the China Insurance Regulatory Commission said in a …
Greenlight Capital Re Ltd., the reinsurer that counts on hedge fund manager David Einhorn to oversee its investment portfolio, reached a deal to expand in Europe and Asia as the company seeks to improve underwriting. The reinsurer’s Irish subsidiary is …
Catastrophe-bond issuance slipped to its lowest level since 2011 over the past year as the securities outperformed the S&P 500 Index, according to insurance broker Aon Plc. About $5.2 billion in cat bonds was issued in the 12 months ending …
Three Australian airlines have banned passengers from using or charging Samsung Electronics’ Galaxy Note 7 smartphones during flights due to concerns over the phone’s fire-prone batteries. Qantas, its budget unit Jetstar and Virgin Australia said they had not been directed …
