Around the P&C insurance industry: December 27, 2023

Around the P&C insurance industry: December 27, 2023
Around the P&C insurance industry: December 27, 2023 Insurance industry news from Allianz, Ryan Specialty and more. (Photo: Shutterstock)

Allianz sponsored a new catastrophe bond which will provide the Group with multi-year risk transfer capacity of EUR 250 million to protect itself against European windstorms.

Ryan Specialty signed a definitive agreement to acquire Castel Underwriting Agencies Limited, a managing general underwriting platform, from Arch Financial Holdings Limited and minority shareholders. Castel is headquartered in London, England with additional offices in the Netherlands and Belgium and was founded in 2014.