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Updated: 1 hour 47 min ago

Liberty hires ex-AIG James Goodliffe to strengthen trade credit multi-buyer product line

14 August, 2019 - 11:20
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has appointed James Goodliffe to the role of senior underwriting officer within its financial risk solutions (FRS) multi-buyer trade credit practice.

Lloyd's broker Tysers expands into Bermuda with Richard Tomkins at helm; move part of strategic growth plan

14 August, 2019 - 11:13
UK-based Lloyd's broker Tysers, part of Integro Insurance Brokers, has launched a hub in Bermuda under the leadership of Richard Tomkins, in a move aimed at expanding its global footprint and capitalising on the attractive market opportunities available on the island.

Berkshire's BHSI adds automatic reinstatement to Asia D&O amid "targeted and aggressive" regulatory environment

14 August, 2019 - 10:44
Berkshire Hathaway Specialty Insurance (BHSI), a wholly owned subsidiary of Warren Buffett’s Berkshire Hathaway, has added automatic reinstatement provision to its executive first directors & officers (D&O) liability insurance offering in Asia.

QBE North America appoints Eric Sanders as head of claims

14 August, 2019 - 09:47
Specialist insurer QBE North America has appointed Eric Sanders as head of claims.

FedNat gains approval for $51m Maison deal

14 August, 2019 - 09:42
US insurer FedNat Holding Company has secured regulator approval to close the acquisition of Maison Insurance Company and other homeowners insurance entities from 1347 Property Insurance Holdings (1347 PIH) in a $51 million deal.

Risk Strategies hires former IMA, Aon exec to lead professional liability group

14 August, 2019 - 09:06
US insurance brokerage and risk management firm has appointed Darren Black to lead its national professional liability practice group.

Concord Specialty boosts reps and warranty practice with new hire

13 August, 2019 - 14:58
Concord Specialty Risk, a transactional risk insurance and loss mitigation specialist which is a series of RSG Underwriting Managers, has appointed Ilan Peress as vice president, representations and warranty insurance underwriter.

Maiden posts $15.4m loss in second quarter 2019; CEO Metz remains poised for recovery

13 August, 2019 - 14:49
Bermuda-based re/insurer Maiden Holdings' losses almost tripled in the second quarter of 2019 compared to a year ago despite numerous strategic measures to strengthen its capital position and speed up recovery.

Aon advises HSBC Bermuda on £7bn longevity swap with Prudential

13 August, 2019 - 14:02
Re/insurance broker Aon has advised HSBC Bermuda on a recently completed £7 billion longevity swap, involving the HSBC Bank (UK) Pension Scheme and Prudential Insurance Company of America (PICA), said to be the second largest ever deal of its type.

Swiss Re to set up new Ivory Coast reinsurance underwriting office to expand in Middle East and Africa

13 August, 2019 - 13:33
Global reinsurer Swiss Re is establishing an underwriting office in Abidjan, Ivory Coast to expand its services in the Middle East and Africa region. The office is expected to be fully operational by 1 October 2019.

Lloyd’s carriers 'genuinely' embrace e-placing, beat targets for second quarter 2019

13 August, 2019 - 10:58
Specialist re/insurance marketplace Lloyd's of London saw a significant increase in the use of placing platform PPL during the second quarter of 2019 with more than half of its in scope risks placed electronically. PPL board chair Bronek Masojada said the market has "genuinely adopted" e-placements and he hopes to achieve the same success in submission rates.

5 bold moves companies must make to join the insurance elite: McKinsey

13 August, 2019 - 10:27
Re/insurers with their sights set high must substitute old habits and ways of working with brave strategic thinking if they hope to join the ‘power curve’ club of top profit makers. Intelligent Insurer reports on significant new research from McKinsey.

Globe Underwriting hires Pioneer's Peter Rossell to build engineering portfolio

13 August, 2019 - 10:06
Globe Underwriting, the UK based managing general agent, has appointed Peter Rossell as head of engineering underwriting.

Canopius partners with AI insurtech Arturo on deep-learning property analytics

13 August, 2019 - 09:51
Specialty re/insurer Canopius has partnered with artificial intelligence (AI) and deep-learning property analytics start-up Arturo.

FedNat agrees cooperation deal with activist investor Capital Returns

13 August, 2019 - 09:31
US insurer FedNat has entered into a "cooperation agreement" with its third largest shareholder Capital Returns Management in response to legal proceedings filed by the activist investor, and agreed to add two new directors to its board as part of the deal.

AXA XL hires Zurich exec to grow large property insurance business

13 August, 2019 - 08:53
Re/insurer AXA XL has added Jennifer Arezes as new senior underwriter to its property insurance team in Canada.

Cincinnati Financial expands board with appointment of independent director

13 August, 2019 - 08:17
Cincinnati Financial Corporation has expanded its board of directors to 15 with the appointment of Jill Meyer as an independent director and a member of its audit committee.

Rothesay Life agrees £520m buy-in with Cadbury Mondelēz Pension Fund

12 August, 2019 - 14:58
UK-based life insurer Rothesay Life has insured £520 million of defined benefit liabilities for the Cadbury Mondelēz Pension Fund.

TransRe shuffles regional leadership in growth push; names new London, Asia CEOs

12 August, 2019 - 14:46
The reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation has unveiled several changes to its regional leadership teams and its global business development function. TransRe said the changes are designed to better position the company to take advantage of current and future market opportunities.

Allianz appoints Alastair Warren-Upham as new London markets manager

12 August, 2019 - 14:09
Allianz Insurance has appointed Alastair Warren-Upham as new London markets manager, following the retirement of Martyn Davenport.

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