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Aon’s NFP Acquires UK-Based Consultant HELPGB

NFP, an Aon company and international insurance brokerage and consulting firm, announced it has acquired HELPGB, a human resources and health and safety consulting business. Financial details of the deal were not disclosed. Clark Hunter, director of HELPGB, will remain …

Tue May 21, 2024 12:00
Warburg, Temasek Buy Insurance Services Firm, Specialist Risk Group, in £1B Deal

Warburg Pincus, a private equity firm focused on growth, is teaming up with Singapore’s Temasek Holdings Pte to buy Specialist Risk Group Ltd., an independent insurance intermediary, according to people familiar with the matter. The deal values Specialist Risk Group, …

Tue May 21, 2024 12:00
Markets/Coverages: Rokstone, Allianz Commercial Partner for $10M Marine Cargo Facility

Allianz Commercial and Rokstone, the Aventum Group’s international re/insurance MGA, announced a collaboration for a US$10 million facility to write marine cargo business worldwide with immediate effect. This broadens Allianz’s wholesale marine distribution and allows Rokstone to write direct and …

Tue May 21, 2024 11:01
AI-Intensive Sectors Are Seeing Productivity Surge: PwC

The types of business which are most likely to use artificial intelligence are seeing growth in workers’ productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said. Productivity …

Tue May 21, 2024 10:00
Japan’s Insurers Surge on Buybacks, Unwind of Cross-Holdings

Shares of Japanese insurers MS&AD Insurance Group Holdings Inc. and Tokio Marine Holdings Inc. surged after the companies announced stock buybacks, as well as plans to sell their holdings in client companies. MS&AD, which also reported full-year guidance that exceeded …

Tue May 21, 2024 10:00
GSK Faces Whistleblower Suit From Lab That Found Zantac Risk

GSK Plc is facing a whistleblower lawsuit that could potentially cost it billions of dollars from the laboratory that revealed the presence of a probable carcinogen in Zantac, the heartburn medication that the UK drugmaker invented and turned into a …

Tue May 21, 2024 09:00

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