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Intermediaries

Aon to divest benefits administration and HR BPO platform to Blackstone for $4.8bn UK based global insurance broker Aon has agreed to divest its benefits administration and HR Business Process Outsourcing (BPO) platform to American private equity firm Blackstone for around $4.8bn. News

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Brokerage

UK’s FCA unveils supervision plans for insurance linked securities
By IBR Staff Writer
The UK’s Financial Conduct Authority (FCA) has unveiled its proposed approach to authorization and supervision of insurance special purpose vehicles (ISPVs), which will facilitate insurance linked securities (ILS) business.
Intermediaries > Brokerage > News
Clara analytics launches Puma search engine for insurance carriers
Clara analytics, a division of LeanTaaS, has launches PUMA search engine to help insurance carriers reduce workers’ compensation costs.
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