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Marsh McLennan Agency (MMA), a unit of global insurance and reinsurance brokerage Marsh McLennan, has acquired three privately held insurance brokerage companies in Honolulu, Hawaii, from Hawaii-based diversified investment firm Tradewind Group. These brokerage firms include Atlas Insurance Agency (Atlas), Pyramid Insurance Center (Pyramid) and IC International (IC), which together have established the state’s leading…
Venerable, a privately held company that owns and manages a traditional variable annuity business, has expanded Alexandra Findleton’s role at the company to include serving as director of Flow Reinsurance. The move is designed to allow the company to accelerate the growth of this new organizational capability and advance its overall growth strategy, which includes…
The Baldwin Group, an independent insurance brokerage and advisory firm, and CAC Group, a national middle-market insurance brokerage and advisory firm, consisting of CAC Specialty and CAC Agency, have entered into a definitive merger agreement for a total upfront payment of $1.026 billion. The transaction is expected to close in the first quarter of 2026,…
The Baldwin Group, an independent insurance brokerage and advisory firm, and CAC Group, a national middle-market insurance brokerage and advisory firm, consisting of CAC Specialty and CAC Agency, have entered into a definitive merger agreement for a total upfront payment of $1.026 billion. The transaction is expected to close in the first quarter of 2026,…
Gallagher Re, the reinsurance arm of the global brokerage group, has announced the appointment of Erika Schoch as Gallagher Re’s maritime strategy advisor for Latin America and the Caribbean (LAC). In her new consulting role, Schoch will draw on her diverse background and expertise to support the growth of our marine business across the region…
The London Market Group (LMG) Data Committee has launched a consultation on the structure and fields of the Core Data Record (CDR) covering claims. According to the announcement, the consultation will last for 12 weeks from November 26. Market members can make inquiries via the LIMOSS website and briefings will be organized by the IUA,…
Fitch Ratings said the UK Prudential Regulation Authority’s (PRA) Life Insurance Stress Test 2025 (LIST 2025) has strengthened its view on the sector’s capital adequacy, but warned that real-world stress scenarios could lead to different outcomes due to higher market correlations than the test assumptions and associated spillovers. The PRA’s LIST 2025, published on 17…
Helios Underwriting, a publicly listed company that provides direct access to a range of syndicates in the specialist Lloyd’s insurance and reinsurance market, reported a 3.8% increase in net asset value (NAV) per share to £2.48 in the third quarter ended 30 September 2025, up from £2.39 in the second quarter of 2025. Helios attributed…
Demex, a technology-enabled reinsurance solutions provider, has announced a number of executive leadership appointments designed to lead the company into its next phase of growth. Michael Anderson has been named chief executive after four years as chief growth officer, and former chief risk officer Matthew Coleman has been named president of reinsurance. Charlie Eadie has…
Introduction If you’ve ever renewed your two-wheeler insurance, you might have seen a discount called NCB — but do you know what it really means? NCB (No Claim Bonus) is a reward from insurers for being a careful rider. The fewer claims you make in a year, the more you save on your next premium….