Global insurance trends

Deals: BMS Group Buys Calomex

BMS Group (“BMS”), the independent specialist (re)insurance broker, is delighted to announce the acquisition of Calomex, the Mexico City-based specialist reinsurance broker, by BMS Re. The terms of the transaction were not disclosed. Established in 1996, […]

News

Fidelis Launches New MGU

Fidelis Insurance Holdings Limited (“Fidelis”) is pleased to announce its intention to create a new managing general underwriter (the “Fidelis MGU”) which, subject to regulatory approval, will be separated from the existing balance sheet insurance […]

Global insurance trends

Allianz Direct Partners With CHECK24

Allianz Direct is smoothing things out for consumers in Spain and Germany – more details here; Allianz Direct and CHECK24 are launching a strategic partnership in Germany and Spain: in future, consumers in both countries […]

Insurance claims

Recovery & Storage of Battery Pack Vehicles Needs a Rethink

A new report from Trend Tracker has captured discussions from a recent cross-industry group, setting out the scale of the task for the motor insurance industry as it gears up for the government’s 2030 Road […]

Global insurance trends

AM Best Downgrades Guernsey Based Insurer

Latest ratings news from AM Best; AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb+” (Fair) from “bbb-” (Good) of Universal Insurance […]