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Updated: 1 hour 46 min ago

Greenlight Re Q2 2019 results suggests turnaround has begun

6 August, 2019 - 15:51
Reinsurer Greenlight Re CEO Simon Burton, said “conditions are improving in multiple lines of business” as the firm reported gross written premiums (GWP) and net income increases in its 2019 second quarter results.

P&C insurance software firm Guidewire appoints Rosenbaum CEO

6 August, 2019 - 15:07
Property and Casualty (P&C) insurance industry firm Guidewire has appointed Mike Rosenbaum, former EVP Product at Salesforce, as chief executive.

Allianz secures Ben Mitchell for newly created role of regional head of multinational for the Americas

6 August, 2019 - 14:56
Allianz Global Corporate & Specialty SE (AGCS) has created the post of regional head of multinational Americas and hired Ben Mitchell for the role, starting immediately.

Cobbs Allen hires former JLT US CRO Payne to build broking business

6 August, 2019 - 14:42
US-based enterprise risk management agency Cobbs Allen has hired former JLT US chief revenue officer (CRO) David Payne as part of plans to expand its insurance brokerage business.

Swiss Re signs up to AI-driven Natural Language Understanding technology Cogito

6 August, 2019 - 12:00
Swiss Re Group has partnered with Expert System to provide AI-driven Natural Language Understanding (NLU) technology Cogito.

Insurers close 60% of Townsville, Australia, cat flood claims

6 August, 2019 - 11:38
The Insurance Council of Australia (ICA) said that 60 percent of insurance claims lodged since the Townsville floods were declared a catastrophe have been closed “marking a significant milestone in the city’s recovery”.

Captive ‘strategy of choice’ for huge pension schemes to hedge longevity risk, says Prudential Insurance expert

6 August, 2019 - 11:25
A multi-billion dollar captive longevity reinsurance transaction (LRT) has been used to transfer risk linked to huge pension liabilities, suggesting a growing trend for this type of derisking deal.

Argo CEO Watson says 2019 Q2 / H1 results show ‘strong shareholder value creation’

6 August, 2019 - 10:57
Argo Group’s 2019 second quarter and half year results deliver “strong shareholder value creation” despite some claims volatility in the second quarter of 2018, said CEO Mark E Watson III.

Enstar and Maiden Re finalise ADC deal with AmTrust

6 August, 2019 - 10:12
Bermuda-based Cavello Bay Reinsurance, a subsidiary of global insurer Enstar, has completed an adverse development cover (ADC) reinsurance deal with Maiden Reinsurance.

Credit ratings agency AM Best upgrades reinsurer ParterRe on strength of balance sheet

6 August, 2019 - 08:16
Global credit ratings agency AM Best has upgraded PartnerRe and its operating subsidiaries to the financial strength rating (FSR) A+ (Superior) from A (Excellent), while the group’s long-term issuer credit ratings (LTICR) has improved to “aa-” from “a+”.

Hannover Re: picking the opportune moment

5 August, 2019 - 15:53
Michael Pickel, CEO of Hannover Re’s German reinsurance subsidiary E&S Rückversicherung, talks rates, insurtech and Lloyd’s of London, with Intelligent Insurer.

New Bermuda reinsurer 777 Re sets up on island; discloses first $307m annuity deal

5 August, 2019 - 15:24
777 Re, a newly formed Bermuda-based reinsurance company, has completed a $307 million annuity block reinsurance transaction with an undisclosed US-based insurance company.

DARAG strikes legacy portfolio transfer deal with German re/insurer SOVAG

5 August, 2019 - 14:51
European legacy acquirer DARAG Group has signed a new portfolio transfer agreement with German re/insurer SOVAG. The legacy book comprises direct insurance and inwards reinsurance business.

Prudential strikes longevity reinsurance deal with Phoenix Group

5 August, 2019 - 14:41
Prudential Financial, through its business unit Prudential Retirement, has entered into a longevity reinsurance agreement covering UK retirees with life and pensions consolidator Phoenix Group.

Hudson Structured Capital Management hires former Validus CFO Jeff Sangster

5 August, 2019 - 14:22
Re/insurer Hudson Structured Capital Management (HSCM Bermuda) has appointed Jeff Sangster to the post of partner, chief financial officer (CFO) and head of strategy.

Allianz appoints Heidi Shepherd as commercial motor portfolio manager

5 August, 2019 - 13:58
Insurer Allianz has appointed Heidi Shepherd to the post of commercial motor portfolio manager, responsible for the profitable growth of complete mini fleet, taxi and truck products.

Ed hires Brit Singapore CEO David Lim for Asia Pacific expansion

5 August, 2019 - 13:18
London-based reinsurance, wholesale and specialty broker Ed has appointed David Lim as CEO of retail, Singapore and head of marine, Asia Pacific.

Berkshire Hathaway reinsurance reports significant losses in Q2 and H1 2019 results

5 August, 2019 - 11:38
Total net earnings for Berkshire Hathaway Inc were up in the second quarter of 2019 and in the half year compared to 2018 but the firm’s reinsurance group reported significant pre-tax underwriting losses.

Swiss Re ReAssure buys Quilter's UK closed book business for £425m after IPO suspension

5 August, 2019 - 11:30
Swiss Re's ReAssure is acquiring Quilter's UK closed book business, consisting of Old Mutual Wealth Life Assurance and its subsidiary Old Mutual Wealth Pensions Trustees, including about 300 employees, for a total consideration of £425 million.

Allianz on track for 2019 targets, second quarter net income up 13.1%

5 August, 2019 - 11:10
German insurer Allianz enjoyed a strong second quarter 2019 with operating performance and net income rising above estimates, but its property/casualty operating profits fell back due to lower investment earnings.

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