Marsh & McLennan Agency swoops for Florida firm
Marsh & McLennan Agency (MMA), the middle-market subsidiary of Marsh, has announced that it has reached an agreement to acquire Bouchard Insurance, a Clearwater, Fla.-based full-service agency. Terms of the transaction were not disclosed.
Bouchard, founded in 1948, has 260 employees in offices in Clearwater, Tampa, Fort Myers, Kissimmee, Maitland,
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2019 Insurance Outlook: Growing economy bolsters insurers, but longer-term trends may require transformation
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HARARE, Sustained economic growth, rising interest rates, and higher investment income are among the positive factors that appear to be bolstering insurer results in 2018, setting
For many stakeholders in the insurance playing field, embracing technology remains a challenge that is often overlooked despite how crucial it is.
Allianz Global Corporate & Specialty head of programs business in North America Dogan Kaleli (pictured) believes that many insurance groups make a huge lapse by underestimating
Introduction
Usage-based insurance set for major growth – report
The usage-based insurance (UBI) market is expected to grow at a compound annual growth rate of more than 17% between 2018 and 2024, according to a new report by consulting firm Global Market Insights.
One of the major factors driving the growth is the increased production of vehicles embedded with telematics or using external tracking systems to
Guy Carpenter shakes things up ahead of merge with JLT Re
HARARE, Marsh & McLennan Companies (MMC) unit Guy Carpenter (GC) is all geared up for its imminent merge with Jardine Lloyd Thompson Group’s (JLT) reinsurance broking business.
While MMC’s swoop for the entire JLT enterprise awaits closing, GC has made significant leadership changes to make way for JLT Re, with which it will align and
INSURING THE INTANGIBLE: DEVELOPING INTELLECTUAL PROPERTY INSURANCE IN ZIMBABWE
HARARE, Intellectual property (IP) is an intangible asset that is created or acquired by a company. Unlike tangible assets, such as plant equipment and goods; IP assets are not physical in nature. The difference between tangible and intangible assets does not end there, as tangible assets are vigorously
THE MICRO-INSURANCE REGULATORY FRAMEWORK IN ZIMBABWE
Nobert Musa Phiri: Partner Muvingi and Mugadza Legal Practitioners
Summary
The Insurance regulator in Zimbabwe, Insurance and Pensions Commission (IPEC) in June 2017 introduced a micro-insurance framework whose primary objective is to promote the development of micro-insurance in Zimbabwe by establishing a basis for
Zim insurers digital transformation slow : Regulator
HARARE, Insurance and Pension Commission (Ipec) says the country’s insurance industry will not be able to able to enjoy the benefit of transformational technologies until it begins to offer a true digital basic service to its customers.
While the local market is moving in that direction although on a slow pace with most of the big players
Auto Tyres Zimbabwe dissolves pension fund
HARARE, Auto Tyres Zimbabwe (formerly) Dunlop, due to viability challenges dissolved the Auto Tyres Pension Fund and is now inviting contributors for final valuation inspection.
The company said has been facing viability challenges for the past two years, resulting in the Board of Trustees agreeing to dissolve the fund and distribute the Fund’s assets