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Aon-WTW acquisition mutually cancelled

Aon and Willis Towers Watson have mutually agreed to end their proposed acquisition following an “impasse” with the US Department of Justice

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Direct Line partners with Motability Operations

Direct Line Insurance Group has partnered with Motability Operations to provide insurance coverage to the latter’s Motability Scheme for 10 years

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CFSIC receives final fund installment for crumbling foundations

The Connecticut Bond Commission has released the final $20 million allocation to the Connecticut Foundation Solutions Indemnity Company

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RISCS establishes UK cell captive in Labuan

RISCS has established a new cell captive in Labuan for one of its UK-based clients, marking a world-first

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Ryan Speciality launches initial public offering

Ryan Specialty Group has priced its initial public offering, totalling almost 57 million shares, between $22 and $25 per unit

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KeyState adds to Vermont office

KeyState Captive Management has appointed Erin Duffy as assistant controller at the firm’s captive management team, based in Vermont

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A.M. Best confident German insurers will cover flood losses

A.M. Best predicts that German insurance carriers are “well-positioned” to absorb weather-related losses following the recent catastrophic flash floods

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Liberty Mutual Re hires experienced chief actuary

Liberty Mutual Re has appointed Hetul Patel as chief actuary of reinsurance, initially be based in Singapore but with a planned relocation to Cologne later in the year

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Aon: losses from natural disasters cost $93 billion in H1 2021

The total economic losses from natural disasters in the first half of 2021 are estimated to be around $93 billion, marking a 32 per cent decrease from the 10-year average, according to a new report by Aon

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HUB International launches cannabis benefits captive

HUB International has launched a new cannabis benefits captive to function as an employee benefits group captive for cannabis organisations

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MCI gets green light for Lloyd’s syndicate

Medical and Commercial International has received in-principle approval from Lloyd’s to form Syndicate 1902

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BMA names new chairman and CEO roles

The Bermuda Monetary Authority has appointed Donald Scott as chairman of the board from his previous position of deputy chairman, effective 1 October

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