A managing general agency (MGA) can leverage a captive insurance company to enhance its performance and give it a competitive edge over other MGAs, and ultimately build a better relationship with the reinsurance market.
Accountancy and business advisory firms BDO and Moore Stephens have completed a merger agreement where Moore Stephens LLP - with offices in London, Birmingham, Bristol, reading ant Watford - will operate under the BDO brand.
Mercer, a consulting firm owned by Marsh & McLennan Companies (MMC), has appointed Bala Viswanathan as chief operating officer, effective upon the closing of the Marsh-JLT deal.
The European Securities and Markets Authority (ESMA) has registered AM Best as credit rating agency so it can continue to provide ratings after Brexit through its new Amsterdam-based subsidiary.
Independent insurance manager and financial advisor Robus Group has opened an office in Malta to give clients the ongoing ability to access the single market after Brexit.
SRS Europe has appointed Mary McMorrow as its head of governance, where she will help clients develop and implement governance approaches that add value within their operations.
Strategic Risk Solutions Europe is set to acquire a majority share of Ark Insurance Management PCC, an onshore European insurance management firm domiciled in Malta.
Jardine Lloyd Thompson Group’s shareholders have approved the $6.4 billion acquisition deal of JLT by Marsh & McLennan Companies (MMC).
Ensurance UK, a niche construction and engineering MGA based in the UK, has appointed Tim Cramphorn to its board as a non-executive director.
European captive ratings have been stable through the past year, with most ratings affirmed and stable outlooks maintained, according to an AM Best report.