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Updated: 2 hours 38 min ago

Swiss Re appoints Cordioli CFO Global Reinsurance

5 November, 2019 - 10:44
Reinsurer Swiss Re has appointed Claudia Cordioli to the role of CFO Reinsurance.

BMS appoints Jeff Irvan as chief property officer for US reinsurance

5 November, 2019 - 10:30
Independent specialist re/insurance broker BMS Group has appointed Jeff Irvan as chief property officer, US reinsurance, reporting to BMS US reinsurance president Pete Chandler. The appointment is effective immediately.

Lloyd’s announces raft of appointments for charities

5 November, 2019 - 10:25
Lloyd’s has made several new appointments across three charities to help address key issues facing the insurance sector around; innovation, managing risk, building resilient communities and empowering individuals to reach their potential.

Model to assess multiple peril crop losses in India launched by AIR Worldwide

5 November, 2019 - 10:05
AIR Worldwide has launched a Multiple Peril Crop Insurance (MPCI) Model for India to boost “probabilistic assessments” of potential losses caused by yield shortfalls for 11 major crops.

Equinox Global to be rebranded as Nexus Specialty

4 November, 2019 - 15:35
MGA Nexus Group has launched Nexus Specialty Inc. in the US as a rebrand of Equinox Global Inc. as it looks to build the operation both through acquisition and organically to become a leading specialty MGA in the territory.

Munich Re sees key role in re/insurance industry transformation, says Pohlchristoph

4 November, 2019 - 15:33
The re/insurance industry needs to “collaborate closely with the public sector” to close the insurance protection gap in Asia Pacific, according to Hermann Pohlchristoph, a member of Munich Re’s management board.

Life insurance providers embrace online customer access, finds report

4 November, 2019 - 15:29
Individual life insurance providers are shifting their approach from producer focused to end-customer focused by introducing more online access capabilities and more frequent customer touch points.

Fidelis takes equity stake in new MGA Perigon Product Recall and provides underwriting

4 November, 2019 - 15:20
Fidelis Insurance has taken an equity stake in new MGA Perigon Product Recall Limited, and will be providing underwriting capacity.

Steve Assennata Joins IAT Insurance Group

4 November, 2019 - 13:34
Industry veteran Steve Assennata has joined IAT Insurance Group, a provider of specialty property and casualty products, as chief underwriting officer (CUO) of its programs unit.

Radian Q3 net income is $173.4m up from $142.8m in Q3 2018

4 November, 2019 - 11:02
Net income for US Mortgage insurer Radian is $173.4 million in Q3 2019 compared to net income for the quarter ended September 30, 2018 of $142.8 million.

Lebanese Insurance Industry hit by rising political uncertainty: AM Best

4 November, 2019 - 10:40
Although Lebanese insurers are accustomed to operating in a challenging economic environment, an accelerating decline in investor confidence and US dollar cash-flow constraints create further risks for insurers with fixed costs in US dollars.

AIG brings down combined ratio and returns to profit

4 November, 2019 - 10:39
US insurance giant AIG Group reduced its combined ratio from previous years’ ruinous levels, helped by lower catastrophe losses, and its reinsurance strategy.

David Putz joins Brown & Brown from Zurich to be executive VP of Arrowhead General Insurance Agency

4 November, 2019 - 10:34
David Putz has joined insurance brokerage Brown & Brown as executive vice president of Arrowhead General Insurance Agency and a leader with Brown & Brown’s national programs division.

United Insurance Holdings reports 7.2% gross written premium increase in Q3 2019

4 November, 2019 - 10:30
Gross written premiums for property and casualty insurance holding company United Insurance Holdings have increased by $21.3 million, or 7.2 percent, to $317.2 million, for Q3 2019, from $295.9 million for Q3 2018. The company said this primarily reflected organic growth in new and renewal business generated in all regions.

Hagibis losses estimated between $7bn and $11bn

4 November, 2019 - 10:06
Insured losses stemming from Typhoon Hagibis in Japan will be between $7 billion and $11 billion, according to catastrophe risk modelling company RMS.

Markel Acquires Caunce O’Hara Freelancer and Contractor Insurance Business

4 November, 2019 - 10:02
Markel UK, the division of Markel International that provides insurance, tax and legal services for SMEs, has acquired Caunce O’Hara & Company Ltd, following regulatory approval from the FCA.

Reinsurance Group of America reports dip in Q3 net income

4 November, 2019 - 10:01
Reinsurance Group of America, a global provider of life reinsurance, has reported third quarter net income of $262.8 million down from $301.2 million reported for the prior-year quarter.

Hiscox CEO Masojada: gross written premiums rise 7.3% in 2019 so far from 2018

4 November, 2019 - 10:00
Specialist insurer Hiscox’s latest trading statement for the first nine months of 2019 shows that gross written premiums grew by 7.3 percent in constant currency to $3,212.6 million (2018: $3,044.6 million), with growth in every segment.

Berkshire Hathaway Reinsurance operation rebounds into profit

4 November, 2019 - 09:56
Berkshire Hathaway’s reinsurance division rebounded into profit in the third quarter, as premiums grew amid stronger demand.

SIRC concludes with record numbers

4 November, 2019 - 09:43
The 16th Singapore International Reinsurance Conference (SIRC) concluded on Friday at the Sands Expo and Convention Centre. This year, the conference attracted a record number of over 1,100 delegates representing over 400 companies and 53 countries from the insurance, reinsurance and broking community.

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