specialty insurance News

Update: Lloyd’s Underwriter Marketform Sells UK Med Mal Businesses to Beazley

Specialist Lloyd’s underwriter Marketform announced it has sold its UK Open Market Medical Malpractice and UK / International Delegated Authority Insurance businesses to Beazley. The team being transferred is led by Alex Wakeley, a Marketform veteran of more than 20 …

BHSI to Expand Specialty Business into Europe; Bolt & Koehler to Lead Operations

Berkshire Hathaway International Insurance Ltd. announced it will offer a specialty insurance solution to Europe with its affiliate, Berkshire Hathaway Specialty Insurance, subject to regulatory approval. Tom Bolt has been named as president, UK and Southern Europe, effective June 1, …

Ryan Specialty Completes Purchase of M&A Specialist Hunter George & Partners

Ryan Specialty Group, the Chicago-based global specialty insurance services business, has completed its acquisition of Hunter George & Partners Ltd., the London-based specialist managing general agent, focused on providing insurance solutions for mergers and acquisitions. The deal, which was previously …

Ryan Specialty Acquires UK’s Hunter George & Partners, M&A Specialist MGA

Ryan Specialty Group (RSG), the Chicago-based global specialty insurance services business, has reached an agreement to acquire Hunter George & Partners Ltd., the London-based specialist managing general agent (MGA) focused on insurance solutions for mergers and acquisitions. Hunter George founders …

Cyber, Reputation Risks Top List of CEO, Risk Manager Concerns: Marsh Survey

Cyber and IT-related risks top the list of what keeps CEOs and risk managers awake at night, according to the 2015 International Business Resiliency Survey, conducted by Marsh and Disaster Recovery Institute International (DRII)*. “Cyber and other IT-related risks are …

Allianz: Hedge Funds Are Opportunity for Insurance Industry, Not Threat

Chris Fischer Hirs, the head of Allianz SE’s specialty insurance business, said he welcomes the growing participation of Wall Street in the insurance industry as an opportunity, not a threat. “Hedge funds bring capacity to the market,” Fischer Hirs said …

Berkshire’s Commercial Insurer Hires AIG, Chubb Execs to Enter Canada Market

Berkshire Hathaway Inc.’s commercial insurance unit is expanding into Canada as it seeks to win over new clients by offering bigger coverage limits than competitors. The unit, Berkshire Hathaway Specialty Insurance, said it hired Darryl DeSouza from American International Group …

Zurich Program Covers YMCAs, Camps, Jewish Community Groups

Zurich American Insurance Co. has launched a new product under its ZProgramsMatch specialty insurance program to protect YMCAs, Jewish community organizations and camps. The program, which is available through Zurich Program Administrators, offers property insurance; crime; inland marine; general liability, …

Hopper Appointed Head of Energy for ANV Syndicate 1861

ANV Holdings BV, the Dutch headquartered specialty insurance business, has appointed John Hopper as head of energy to lead its energy underwriting team within ANV Syndicate 1861. Hopper comes to ANV after being a leading member of the offshore energy …

Alteris Launches Specialty Insurance Program for Large Water-Related Entities

Alteris Insurance Services Inc. has launched a new specialty insurance program for large water-related entities in the contiguous U.S. (excluding Alaska and Hawaii). Alteris’s new coverage provides protection to large water-related facilities (water, sewer, reclamation and irrigation districts)—up to $11 …