Philipp Refeld

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Australian broker to buy UK wholesaler Tysers for $620 million

2022-07-11T09:35:03+01:00

Australian insurance broker AUB Group said on Monday it would buy London-based Lloyd’s of London wholesale insurer broker Tysers for 880 million Australian ($620.5 million) to expand the range of its products. Tysers, the sixth-largest wholesale broker in the Lloyd’s marketplace, has about 1,100 employees and writes annual gross premiums of A$3.6 billion. “Tysers provides [...]

Australian broker to buy UK wholesaler Tysers for $620 million2022-07-11T09:35:03+01:00

South Africa – Santam takes full control of Indwe Broker Holdings

2022-07-11T09:23:04+01:00

Santam, South Africa’s largest non-life insurer, has taken full control of Indwe Broker Holdings after acquiring the shareholding from African Rainbow Capital Financial Services and Sanlam. Before the transaction, Santam held 24% of Indwe, while ARC Financial Services owned 51% and Sanlam held 25%. The transaction makes Indwe a wholly owned subsidiary of Santam and [...]

South Africa – Santam takes full control of Indwe Broker Holdings2022-07-11T09:23:04+01:00

Australian broker to buy UK wholesaler Tysers for $620 million

2022-07-11T09:24:42+01:00

Australian insurance broker AUB Group said on Monday it would buy London-based Lloyd’s of London wholesale insurer broker Tysers for 880 million Australian ($620.5 million) to expand the range of its products. Tysers, the sixth-largest wholesale broker in the Lloyd’s marketplace, has about 1,100 employees and writes annual gross premiums of A$3.6 billion. “Tysers provides [...]

Australian broker to buy UK wholesaler Tysers for $620 million2022-07-11T09:24:42+01:00

Manage growth: International acquisitions and insurance coverage

2022-11-01T13:05:44+01:00

Manage growth: International acquisitions and insurance cover Acquisitions in an international context are a challenge. This also applies with regard to dealing with risks and ensuring adequate insurance cover. What should be considered before, during and after a transaction from the perspective of insurance protection? In the following, we take up three aspects from [...]

Manage growth: International acquisitions and insurance coverage2022-11-01T13:05:44+01:00

Ukraine Crisis – Cyber insurance

2022-07-11T09:36:06+01:00

Since the start of the war in Ukraine, fears of cyber-attacks due to parallel hybrid war are increasing. In this article we explain how the insurance industry is reacting and how the war clause affects conditions. Is there an increased cyber threat from the war in Ukraine? Officials like the German BSI are currently assuming [...]

Ukraine Crisis – Cyber insurance2022-07-11T09:36:06+01:00

Ukraine Crisis – Terrorism and Political Violence Insurance

2022-07-11T09:37:21+01:00

A terrorist attack, strike, riot, civil commotion and other types of politically motivated unrest can directly and indirectly affect businesses and human lives. Modern day terrorism is multifaceted and constantly evolving in its nature. An insurance policy cannot save lives, but it can provide for financial remedy to business owners to help them restore damaged [...]

Ukraine Crisis – Terrorism and Political Violence Insurance2022-07-11T09:37:21+01:00

Ukraine Crisis – impact on insurance

2022-07-11T09:40:29+01:00

The war in Ukraine, which has been raging since February 24th, and the response of the Western world in the form of economic sanctions against Russia have so far had a drastic impact on the insurance industry. Insurance brokers who deal with risks located in Ukraine and Russia and whose clients include Russian legal entities [...]

Ukraine Crisis – impact on insurance2022-07-11T09:40:29+01:00

Renomia strenghtens its position in Central Europe

2022-07-11T09:41:12+01:00

RENOMIA has taken a majority shareholder position in the experienced Polish insurance broker Alfa Brokers. Alfa Brokers was founded in 1991 by the Gerne family and operates as a corporate insurance and employee benefits broker. With more than 30 experienced colleagues, the Alfa Brokers team has a great reputation and shares the same culture and [...]

Renomia strenghtens its position in Central Europe2022-07-11T09:41:12+01:00

Ukraine Crisis – Business travel insurance in the event of war

2022-07-11T09:41:37+01:00

The main purpose of business travel insurance, just like private travel insurance, is to cover emergency medical care and return transport home as well as necessary assistance provided by the insurer, like medical evacuation in an emergency. In this context, it must again be explicitly pointed out that a political evacuation from an area of [...]

Ukraine Crisis – Business travel insurance in the event of war2022-07-11T09:41:37+01:00

Ukraine crisis – Cargo insurance and political risks

2022-07-11T09:42:16+01:00

Trading companies and manufacturers of goods have their deliveries insured in a global transport insurance policy based on turnover. The scope of coverage is usually "all risks" according to the Institute Cargo Clauses or similar wordings. The current situation in Ukraine is classified as war since Russia has occupied Ukrainian territory with a regular army. [...]

Ukraine crisis – Cargo insurance and political risks2022-07-11T09:42:16+01:00
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