Marsh announced it has reached agreement with AXA Group to acquire Bluefin Insurance Group Ltd., a subsidiary of AXA UK plc. The transaction, which is subject to regulatory approval, is expected to close in the first quarter of 2017. AXA …
Hyperion Insurance Group, the London-based insurance intermediary group, announced that Talbir Bains, CEO and CUO of DUAL Group, the underwriting arm of Hyperion, has decided to step down from his role at the end of January 2017. Bains joined DUAL …
Bermuda-based Aspen Insurance, the insurance segment of Aspen Insurance Holdings, announced it has acquired Blue Waters Insurers Corp. Blue Waters, which is headquartered in San Juan, Puerto Rico, is a specialist marine managing general agency. The company was founded in …
Markel International has acquired Galleon Marine Insurance Agency, the London based MGA that specializes in marine professional indemnity and cargo liability business. Markel Capital Holdings today acquired the issued share capital of Galleon; details of the terms of the agreement …
Pioneer Underwriters announces that Graeme Rayner has commenced his role as group director of underwriting, reporting to Chief Executive Officer Darren Doherty. Rayner, whose appointment was first announced in August 2016, joins from MS Amlin where, prior to Mitsui Sumitomo’s …
Century Underwriting, the London-based specialist commercial managing general agent, has launched a new liability underwriting division and made two senior appointments to support its growth. Tony Collman has been appointed to lead the development and growth of the division with …
Asta, the London-based third party managing agent and specialist MGA investor, has concluded a transaction to finance the development of OverArk Ltd. Asta will take a minority equity stake in OverArk and will also support the company’s infrastructure, including finance …
Xuber, the insurance software business of Xchanging, a unit of CSC, announced the delivery of its “Xuber for MGAs” platform for London-based Castel Underwriting Agencies Ltd. Xuber for MGAs is a flexible digital platform that enables Castel to provide and …
Totten Insurance Group, the Toronto-based managing general agency, announced that it has acquired the shares of Canadian Resources Insurance Solutions Inc. (CRIS), a Sudbury, Ontario-based insurance wholesaler. Terms of the acquisition were not disclosed. This strategic acquisition expands Totten’s footprint …
It was a case of adapt and thrive when modeling and analytics company Sciemus made a big strategic leap this year into underwriting space, power, mining, renewable energy and cyber—as a managing general agent. Despite the ongoing soft market, CEO …
