Global specialty insurance broker Ryan Specialty has agreed to acquire certain assets of USQRisk Holdings, LLC, a New York-headquartered managing general agency focused on nontraditional insurance. Formed in 2020 and operating in New York and London, USQ has two core …
While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its negative effect on top line growth, according to a …
XL Catlin’s insurance operations has launched a new team to focus on alternative risk transfer and non-traditional insurance globally. The team, named Structured Risk Solutions (SRS), is a dedicated global underwriting unit charged with providing XL Catlin’s clients with customized …
Second of two articles In the first article in this series, Paula Jarzabkowski, professor of Strategic Management at Cass Business School, City University London, discussed the findings of her book on the reinsurance industry, which show that the market is …
First of Two Articles The reinsurance market is moving from coverage of acts of God to one that covers commoditized risks – an evolution that could have long-term implications for market stability and trading large-scale risk, according to an industry …
National Interstate Insurance Co. has launched MEDIC, a new alternative risk transfer (ART) program catering to for-profit emergency and non-emergency ambulance operators. MEDIC will be open to operators nationwide, and will complement the traditional insurance product currently offered by National …
Willis Group Holdings announced the appointment of Paul Scope as Chairman of Willis Bermuda, encompassing all of the firm’s operations on the Island, effective immediately. He will oversee Willis’s whole range of Bermuda based operations “in a move designed to …
Willis Group Holdings plc announced that it has “strengthened and expanded its alternative risk transfer (ART) expertise by appointing Marc Paasch as the Global Head of ART Solutions.” Willis explained that “ART solutions enable businesses to transfer traditionally uninsurable risks …
There is opportunity in climate change. That’s the frown-upside down view being taken by at least one large insurance broker under part of a global initiative to heighten the awareness of global risk and investing opportunities. Operating under the umbrella …
Sullivan Brokers Wholesale Insurance Solutions named Jim Sce to the firm’s casualty practice group as vice president. Sce will work in the Los Angeles, Calif. office. Sce has expertise in construction classes, as well as experience in all casualty lines …
