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Gallagher Buys IBS Re Singapore, 40% Stake in Indonesia’s IBS Insurance Broking
Arthur J. Gallagher & Co. announced it has acquired a 40 percent equity stake in Indonesian insurance broker and risk management services provider PT IBS Insurance Broking Service, as well as 100 percent of reinsurance broker, IBS Re Singapore. Other …

POSTED DECEMBER 12, 2018 11:37 AM
Starr Insurance Cos. Expands Aviation Insurance Operations to Brazil
Starr Insurance Cos. announced that Starr International Brasil Seguradora S.A. has been granted a local license to offer aviation insurance. “We are thrilled to be adding aviation capability in an important, growing economy like Brazil,” said Steve Blakey, president and …

POSTED DECEMBER 12, 2018 10:27 AM
Brit Partners with Schillings Critical Risk to Create Kidnap-for-Ransom Offering
Brit Ltd. announced it is partnering with Schillings Critical Risk to create a comprehensive kidnap-for-ransom offering. Extortion and kidnap for ransom are extreme and endemic risks for individuals and businesses operating in many countries around the world, said Brit, noting …

POSTED DECEMBER 12, 2018 10:04 AM
Florida-Based Broker Coin Re Taps Barbican’s Crichton as EVP in London
Florida-based catastrophe reinsurance broker COIN Re has appointed global property reinsurance professional Andy Crichton as executive vice president, effective Dec. 7, 2018. Crichton will be based in London, England, where he will manage COIN Re’s reinsurance marketing and placement strategy. …

POSTED DECEMBER 12, 2018 9:41 AM
SoftBank, Alibaba Lead $1.1B Investment in Indonesia E-Commerce Firm Tokopedia
SoftBank Vision Fund and Alibaba Group Holding Ltd. led a $1.1 billion investment in PT Tokopedia, a financing round that will help Indonesia’s biggest online marketplace venture beyond e-commerce into new areas such as air tickets and insurance. The company …

POSTED DECEMBER 12, 2018 9:06 AM
Brexit to Cause Irreversible Damage to UK Financial Services, Say Industry Leaders
Life in London’s financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centers like Paris, Frankfurt and Dublin. But as chaos reigns in Westminster, the …

POSTED DECEMBER 12, 2018 8:53 AM
Brexit Uncertainties Heighten as UK Prime Minister Faces Vote of No Confidence
Theresa May will fight for her job as British prime minister after being told she will face a vote of no confidence in her leadership, throwing the U.K. into fresh turmoil and Brexit into disarray. “I will contest that vote …

POSTED DECEMBER 12, 2018 8:40 AM
Sweden’s Wildfires Highlight Cost of Rapidly Changing Climate in Europe
Hannele Arvonen, the owner of one of Sweden’s largest lumber yards, is spending the winter months planning for a new and unexpected threat to her business: regular wildfires raging just south of the Arctic Circle. Her business, Setra Group AB, …

POSTED DECEMBER 12, 2018 8:25 AM
AXA XL’s E&S Casualty Insurance Names 2 U.S. Product Leaders
AXA XL insurance has appointed new Excess & Surplus (E&S) Casualty product leads in the U.S. Ankur Chokshi has been promoted to head of E&S Primary Casualty and Brokerage and Binding Authority while Kimberly Smid joins AXA’s E&S team to …

POSTED DECEMBER 12, 2018 8:00 AM
Willis Towers Watson Names Creedon Construction Leader for North America
Insurance broker Willis Towers Watson has appointed Bill Creedon as Construction Industry leader for North America within its Corporate Risk and Broking segment. Creedon, a 30-year insurance and construction risk industry veteran, is returning to Willis Towers Watson where he …

POSTED DECEMBER 12, 2018 8:00 AM

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