Reinsurance News
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MarketScout targets InsurTech & MGA facility expansion
7th June 2017
Texas based insurance exchange and managing general agent MarketScout has sold its $100 million workers compensation MGA and will use the proceeds to fund a change in strategy, as it switches its focus to Insurtech and MGA facilities. MarketScout owns the successful MarketScout Exchange, where it connects agents with insurers and ... Read the full article
Validus Holdings completes acquisition of Archer Daniels Midland Crop Risk Services
2nd May 2017
Validus Holdings has further diversified its lines of business with the completion of its Archer Daniels Midland Crop Risk Services (CRS) acquisition. CRS is a primary crop insurance managing general agent (MGA) with $555 million gross premiums written in 2016 and 1,170 agents acting across 36 states. Validus’ Chairman and Chief Executive ... Read the full article
Palomar gets first successful rate filing with AIR U.S. flood model
15th February 2017
Specialty insurer Palomar has used AIR Worldwide’s U.S. probabilistic flood model to obtain a first-ever successful rate filing for flood. Palomar has become the first admitted firm to successfully offer a stand-alone residential flood insurance product in California, after its first-time launch of AIR’s flood model, Flood Guard. The programme was first released by ... Read the full article
Reinsurance News – Wednesday 10th August 2016
10th August 2016
Here’s your daily Reinsurance News for Wednesday 10th August 2016: Reinsurance margin attrition ongoing, but slowing: Munich Re Global reinsurer Munich Re has said that international reinsurance pricing and terms are stabilising, highlighting that while the attrition to reinsurance underwriting margins remains, this is at a slower pace than previously. Read the full article
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