Even though the rate of increase in pricing in the commercial insurance market has begun to flatten out in 2021, organisations are still continuing to explore alternative risk financing options as loss-hit lines remain challenging to place

Davies has acquired Asta, a leading third-party managing agent at Lloyd’s providing solutions to businesses across the insurance lifecycle

Environmental risks are becoming increasingly difficult to manage owing to their growing number and size, as well as emerging contaminants, according to Environmental Risk Managers and CIC Services

Randall & Quilter Investment Holdings has transacted a loss portfolio transfer of reinsurance business with Lufthansa Group’s captive, Delvag Versicherungs-AG

Texas Governor Greg Abbott has appointed Cassie Brown as commissioner of insurance at the Texas Department of Insurance

MS Amlin AG has appointed Michael Koller as chief risk officer, effective 20 September

Global property and casualty premiums are expected to more than double to US$4.3 trillion by 2040 (compared to $1.8 trillion in 2020) as the business becomes more complex, Swiss Re has predicted

Generali Global Corporate & Commercial has appointed Pedro Ruano as head of claims, where he will work within the firm’s newly established insurance function

Aon has launched its second virtual reinsurance renewal season to provide insight to insurers approaching the reinsurance renewals on 1 January 2022

Randall & Quilter Investment Holdings has launched Gibson Re, a collateralised reinsurer that will allow the non-life global speciality insurance company to support approximately US$2 billion of reserves

Middle-market Marsh subsidiary, Marsh McClennan Agency, has acquired Vaaler Insurance to expand its presence in the midwest of the US

Corporate brokerage Lockton has launched a New Zealand operation, Lockton Companies NZ Limited Partnership, to establish new client servicing standards for risk and insurance in the national market