Africa is becoming increasingly interesting for the insurance industry. The steady economic growth in most African countries and a not yet fully developed insurance sector has made the continent one of the fastest-growing regions for insurance in the world. Africa´s insurance industry is valued at about USD 68 billion in gross written premium (GWP). [...]
Former investor TA Associates returns through new share issue to support Söderberg & Partners continued Nordic and European expansion Söderberg & Partners has agreed to close a new share issue, raising approximately 2,5 billion SEK. The entire new share issue will be covered by TA Associates, a former investor in Söderberg & Partners which sold [...]
Arthur J. Gallagher & Co. today announced an agreement to acquire certain Willis Towers Watson plc reinsurance, specialty and retail brokerage operations as part of a proposed regulatory remedy for the pending Aon plc and Willis Towers Watson plc combination. The transaction is expected to close during the second half of 2021. "This acquisition [...]
Please welcome our newest TRC member from Costa Rica, CONFIA Corredores de Seguros. CONFIA is one of the Elite Insurance Brokerage companies in Costa Rica. Their headquarter is located in the Capital of San Jose. CONFIA offers Property and Casualty Insurance brokerage services as well as Employee Benefits for Commercial Clients. You can find [...]
On April 19th, it was announced that the Australian Steadfast Group would take over a 60% majority in Hamburg-based UnisonSteadfast AG. With this, the original co-founder, Mr. Mercier, has finally given up his independence, but wants to continue to lead the organization. In 2005, Unisonbrokers AG was founded, which from then on defined independence [...]
Fast-growing Clear Group (Clear) has snapped up two brokers, HIA International and Luke Rowe. Luke Rowe has £18m gross written premium (GWP) and more than £3m turnover across 40 staff. The HIA management team will stay on to help integration, with its Coventry office being rolled into Clear’s Leamington Spa branch, but a small HIA [...]
Protección Dinámica celebrates its lucky 65th Anniversary with a posthumous tribute to its beloved founder, Erich Vogt. On October 28, Protección Dinámica Agente de seguros y de Fianzas, S.A. de C.V., celebrated its 65th Anniversary with a virtual event and commemorated it with a posthumous tribute to its beloved founder, Erich Vogt Sartorius, RIP. [...]
The COVID-19 crisis has been a shock for Turkish companies, as it was around the world. The severity and reach of the pandemic have made us all think about what could have been managed better and what lessons can be learned from it. The pandemic has underlined the value of risk management, forcing companies [...]
The consciousness of a company to be part of a local and global society has become, over the last decades, an increasingly important theme. Most companies like to partake and promote various forms of socially beneficial undertakings to take an active role in making the world a better place. We want to present to [...]
Issuing of International Program Policies on the Non-Admitted Market in the US For quite some time now, our partners in the US have advised us of the tendency that local US program policies in international programs are more and more issued on the “non-admitted market” (Excess and surplus lines market). This is causing concerns [...]