The broker group has announced its expansion into the US insurance market following an agreement to acquire ISU Group, one of the largest independent insurance agency networks in America.
New Zealand's Accuro intends to transfer its insurance portfolio to UniMed, so the ratings will remain under review pending competition of the transaction; UniMed's ratings also remain unchanged.
The experienced McDonnell will move from the UK, where he held positions such as COO for The Integrity Council for The Voluntary Carbon Market and CRO at Royal & Sun Alliance Insurance Group.
Founded in 1973, Global Insurance Brokers is a composite broking firm which delivers risk management, insurance, and reinsurance broking services throughout India.
Generali is consolidating its insurance business units under one division, with experienced executive Giulio Terzariol joining from Allianz SE to lead the new division.
The Insurance Authority's release of audited statistics confirms sharp increase in underwriting profit in 2022, despite modest growth of 3.11% in gross premiums.
