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Ardonagh Advisory acquires RiskSTOP to boost technological capabilities
RiskSTOP Group managing director Danny Lillington and his management team will continue to lead the business.
Africa Specialty Risks secures approval to launch Lloyd’s syndicate
ASR Syndicate 2454 plans to start underwriting in March 2024.
Cigna, Humana scrap merger plans after failing to agree on financial terms
The potential merger would have created a US health insurance behemoth with a combined value of nearly $140bn.
Global Indemnity defers exploration to sell or merge with Penn-America
The exploration was initiated in June after several parties showed interest in the merger or sale of these entities.
SRG to acquire UK insurance intermediary CBC Partnership
The deal builds on BP Marsh’s decision to sell its majority stake in CBC Partnership’s (CBC) parent company Paladin to Specialist Risk Group (SRG).
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Ardonagh announces senior management changes for 2024
The company is reportedly also planning to refinance its $3.9bn debt stack to support more acquisition lines.
HDI forays into Accident & Health insurance segment in Asia
Lisa Leow has been appointed as the Accident & Health (A&H) Singapore underwriting manager, with immediate effect.
NIG, Flock team up to introduce digital motor fleet insurance
The companies will implement a fully digital, data-driven approach for motor fleet insurance.
Baloise sells majority stake in Haakon to Howden Schweiz
The deal is expected to strengthen Howden’s reinsurance platform and client offerings across Europe.
New Zealand’s insurer Tower launches strategic review of ownership structure
Through this move, Tower aims to maximise value for all its shareholders and optimise its capital structure.