Accredited Insurance Holdings has announced the appointment of Barbara Bufkin and Patricia Roufca as Non-Executive Directors to its Group Board. Bufkin brings with her an extensive career that spans executive roles in reinsurance, specialty insurance, and wholesale distribution. Notable tenures
The launch of WTW's ResQ Machine-led Reserving introduces a significant technological advancement designed to increase the precision and efficiency of property and casualty (P&C) loss reserving for insurers and reinsurers. This innovative tool leverages proprietary algorithms to enhance existing
In a significant shift within the insurance industry, B.P. Marsh & Partners Plc has sold Lilley Plummer Holdings Limited, the owner of Lloyd’s broker Lilley Plummer Risks (LPR), to Clear London Markets Limited. Clear, a company majority-owned by Goldman Sachs, considers this acquisition its largest
Brown & Brown, one of the leading insurance brokerages, experienced remarkable financial growth during the third quarter of 2024, citing a significant increase in both net income and revenues. The company reported a net income of $234 million for Q3, which is a substantial 33% rise from the $176
In the first nine months of 2024, global broking group Aon has reported that the insurance industry faced substantial losses from natural catastrophes, amounting to an estimated $102 billion. Compared to the previous year's $88 billion, this represents a notable increase. With the impact of
B.P. Marsh & Partners, the specialist private equity investor, has solidified its confidence in Pantheon Specialty Limited by increasing its equity stake in the company. With a £12.5 million investment, B.P. Marsh has acquired an additional 5% stake, bringing its total shareholding to 37%. This
