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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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Airmic makes fifth board appointment in 2021

Airmic has selected Claire Combes to succeed Tracey Skinner as chair of Airmic, effective 1 September

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Zurich Insurance adopts new ESG index

Zurich Insurance has shifted almost $1 billion of its passive US equity mandates to MSCI’s newly-developed ESG index

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Arch Re hires experienced reinsurance executive

Arch Reinsurance has appointed Vanessa Hardy Pickering as chief financial officer, effective 1 September

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IRS granted summons petition in DDOI micro captive investigation

A Delaware magistrate judge has recommended that the IRS’ summons against the Delaware Department of Insurance should be granted

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