French Broker Verlingue Triples Its Size in UK Market with Acquisition of ICB Group

Specialist corporate insurance broker Verlingue announced it has acquired independent UK broker ICB Group. Financial details of the deal were not released. With the acquisition of Egham, England-based ICB, Verlingue triples its size in the UK market. It helps to …

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Aon Promotes Mulligan to Head of Cyber, Foord-Kelcey to Head of Cyber Innovation

Aon plc has promoted Catherine Mulligan and Luke Foord-Kelcey within its Reinsurance Solutions business to strengthen its suite of cyber products for insurers. As global head of Cyber for Aon’s Reinsurance Solutions business, Mulligan will be responsible for setting strategy, …

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Munich Re Acquires Tech Firm Relayr, an Industrial Internet of Things Specialist

Munich Re is taking a further key step to create new business models in the industrial Internet of Things (IoT). The company said it will acquire the software company relayr via its subsidiary, Hartford Steam Boiler (HSB), aiming to play …

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Record Numbers of Named Hurricanes Form in Pacific, with Much Quieter Atlantic

Hurricanes in the Atlantic and Pacific oceans follow a see-saw pattern — when one region is down, the other is usually up. And with the Atlantic quiet this year, the Pacific is setting records. There’s been a parade of 14 …

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Tokio Marine Names Barn from Munich Re as Global Head of Cyber Risk

Leading international insurance group Tokio Marine Holdings (TMH) has appointed Daljitt Barn to the newly created post of global head of cyber risk. Barn, who will be based in London, joins from Munich Re and is an industry leader in …

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French Reinsurer SCOR Rejects Acquisition Offer from Insurer Covea

Privately held insurance company Covea announced on Tuesday that reinsurer SCOR had rejected an acquisition offer but said it still remained interested in a friendly tie-up. Covea, which already owns an 8.22 percent stake in SCOR, said in a statement …

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Typhoon Jebi Makes Landfall in Japan as Strongest Storm to Hit Country in 25 Years

Typhoon Jebi made landfall in western Japan on Tuesday, the strongest tropical cyclone to come ashore in Japan in 25 years, and has picked up speed as it bears down on one of Japan’s most densely populated areas. The storm …

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