Billionaire Warren Buffett wants to do more business in the United Kingdom and Europe regardless of how Brexit turns out. The Berkshire Hathaway Inc. chairman and chief executive officer said he would “love to put more money in the UK” …
Arch Insurance (UK) Ltd., the London-based subsidiary of Arch Insurance International, is set to enter the cyber insurance market with a new product focused on the needs of small and medium enterprise (SME) clients and their insurance brokers. The product …
Arthur J. Gallagher & Co. announced it has completed its acquisition of UK specialist insurance broker Stackhouse Poland Group Ltd., which was first announced in January 2019. Financial details of the deal were not released. Guildford, England-based Stackhouse Poland was …
The U.K. joined a growing global backlash against technology companies such as Facebook Inc. and Twitter Inc., proposing fines and bans if social-media platforms fail to curb illegal activity. The government outlined plans for an industry-funded regulator that would police …
European Property Underwriting Ltd. (EPUL), a commercial property managing general agent (MGA), has launched “Solutions,” a package of covers specifically designed to address the challenges that brokers face in placing cover for unorthodox property owner risks. This product provides cover …
Arch Insurance (UK) Ltd., part of Bermuda-based Arch Insurance International, has completed the acquisition of UK managing general agency Axiom Underwriting, having initially purchased a 60 percent share of the business in 2015. Financial details of the deal were not …
A no-deal Brexit would cause disruption and might also have an impact on liquidity in financial markets, the European Union commissioner in charge of financial services said on Tuesday in a stark reminder of the risks posed by a hard …
Beazley has added two new product lines to broker e-trading platform myBeazley to meet the needs of UK-domiciled private businesses with a turnover of up to £350 million (US$457.8 million). UK brokers can now access Beazley’s comprehensive service-led cyber product, …
A surge in vehicle thefts, including keyless car crime, has led to motor insurers paying out a record £1 million (US$1.3 million) every day, according to figures published by the Association of British Insurers (ABI). See below for ABI’s explanation …
Marsh & McLennan Cos. (MMC) and Jardine Lloyd Thompson (JLT) have entered into an agreement to sell JLT’s aerospace business to Arthur J. Gallagher. The agreement provides for the acquisition of all assets within JLT’s global aerospace retail and wholesale …
