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NSM broadens European presence with acquisition of Acquis in UK

Managing general agent NSM's new acquisition Acquis provides insurance solutions for the asset financing and leasing industry

United Kingdom United States

Stockwatch: SiriusPoint rallies on Fitch outlook revision

Bermuda-based carrier gains 7.9% this week after stable rating, as Beazley rises for second week running 

Europe United Kingdom

London market carriers target sustainable energy growth in 2023

Survey of Lloyd’s syndicates and company market insurers finds eight in 10 carriers are planning growth in the sustainable energy class of as much as 25% this year

London Specialty

AM Best withdraws credit ratings of Zurich's Ireland subsidiary

Subsidiary has transferred most of its UK general insurance business portfolio to a branch of Zurich Insurance Company 

Ireland Zurich

Gallagher launches in Sweden

Launch follows the integration and rebranding of the international broker’s three owned Swedish businesses: Brim, Nordic and Proinova

Sweden Broker

Legal Focus: New Building Safety Act will have an impact on professional indemnity cover

The legislation, which is expected to come into force by October 2023, imposes greater obligations on designers, contractors and building control bodies and will have implications for their insurance cover

United Kingdom Casualty

Legal Focus: Challenging times for M&A transactions across Europe

Material adverse change clauses remain unpopular in European deals, but the frequency of earnouts has continued to rise

Europe Mergers and Acquisitions

Canopius cuts full-year COR to 93.6%

Global specialty re/insurer reports strong underwriting performance in 2022 in the wake of its transformation programme, but investment results hurt the bottom line

London Canopius

Pen Underwriting plans IP push with Alsegard hire

MGA hires Gallagher director to develop a portfolio of intellectual property insurance products 

United Kingdom Specialty

Data Council approves new versions of Core Data Record and Market Reform Contract

Publication is 'another important milestone' in the London market's digital transformation, Data Council chair, Sheila Cameron, says

London Lloyds

Richard Turner quits Victor for job at West of England

High-profile former Iumi president jumps ship in switch to protection and indemnity

United Kingdom Marine

Swiss Re chairman Ermotti to step down

Former investment banker reprises his role at the helm of UBS to steer its takeover of Credit Suisse

Europe Swiss Re
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