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Intermediaries

Randall and Quilter to divest Lloyd’s managing agency to Coverys Randall and Quilter Investment (R&Q) has agreed to divest 100% of its Lloyd’s managing agency, R&Q Managing Agency (RQMA), to US-based Coverys. News

Latest Intermediaries News by Sector

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Brokerage

Wells Fargo to divest commercial insurance business to USI Insurance
By IBR Staff Writer
Wells Fargo has agreed to divest its commercial insurance brokerage business to New York-based insurance broker USI Insurance Services for an undisclosed sum.
Intermediaries > Brokerage > News
Brown & Brown makes two acquisitions
By IBR Staff Writer
Insurance intermediary Brown & Brown has acquired a majority of all the assets of Tennessee-based Spann Insurance for an undisclosed price.
Intermediaries > Brokerage > News

Underwriting

Plum Underwriting expands presence in Ireland
By IBR Staff Writer
UK-based household insurance provider Plum Underwriting has started writing non-standard and mid-net-worth (MNW) household in the Republic of Ireland, as part of its expansion strategy in the Irish market.
Intermediaries > Underwriting > News
ProSight names three new underwriters, relocates office
By IBR Staff Writer
ProSight Specialty Insurance has appointed three new underwriting leaders to its London-based ProSight Specialty Underwriters unit to include the Entertainment, Marine Cargo, and Professional Liability lines of business.
Intermediaries > Underwriting > News

London Lloyds

AmTrust Financial to acquire Lloyd’s insurer ANV Holdings for $218m
By IBR Staff Writer
AmTrust Financial Services has signed an agreement to acquire specialty insurance firm ANV Holdings and its affiliates from Ontario Teachers’ Pension Plan for $218.7m.
Intermediaries > London Lloyds > News
Take1 Insurance is now Lloyd's cover holder to offer entertainment clients excess coverage capacity up to $5m
By IBR Staff Writer
Underscoring its commitment to meet the entertainment industry's growing market demand for increased liability insurance coverage, Take1 Insurance announced that it is now a cover holder with Underwriters at Lloyd's, London England to provide excess liability coverage capacity of up to an additional $5 million in limits, either on an annual or short-term basis.
Intermediaries > London Lloyds > News