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Direct Line Group
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Insurance Business America | March 26, 2019
Investment management giant BlackRock has raised its shareholding in Direct Line Insurance Group Plc (DLG). A regulatory filing shows that the US asset manager has doubled its stake in the Bromley-headquartered insurer – from 5.08% previously to 10.13%. A majority of this consists of voting rights attached to shares while a small portion is made up of voting rights through financial instruments. Earlier this month DLG reported higher pre-tax and after-tax profits of £582.6 mill...
Gallagher | January 13, 2020
The Caribbean insurance broker provides property/casualty, and employee benefits products and services to private, public, and multinational companies. Arthur J. Gallagher & Co. (Gallagher) has acquired a 60% stake in Risk Management Services (RMS), a Caribbean insurance broker, for an undisclosed price. Risk Management Services is based in Port of Spain, Trinidad and Tobago. It was established in 1978 as a subsidiary of the Neal & Massy Group with an objective to address the insurance a...
AXA XL | January 13, 2020
The activities surrounding the mega-merger of AXA and XL Group’s businesses are far from over. Today, AXA XL announced that it has now merged AXA Corporate Solutions (ACS) and AXA ART into XL Insurance Company SE (XLICSE). This move was a follow-on from the acquisition of XL Group by AXA that was completed all the way back in September 2018. The ACS, AXA ART, and XLICSE merger has been approved by regulatory authorities, including the Central Bank of Ireland and the Irish High Court, and t...
North P&I Club | January 13, 2020
North P&I Club has launched a new initiative to help its members better understand their vulnerabilities to cyber risk and improve their cybersecurity ahead of the International Maritime Organization’s (IMO) January 2021 deadline for safety compliance. As part of the initiative, North has partnered with HudsonCyber to offer its members access to the HACyberLogix platform. HACyberLogix is a cloud-based program designed specifically for the maritime industry. It will enable North’s...
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