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Updated: 1 hour 46 min ago

SOBC DARAG targets US expansion with new Bermuda hub; hires team from R&Q

1 August, 2019 - 10:37
SOBC DARAG, a subsidiary of run-off specialist DARAG UK, has launched a new office in Bermuda with four senior hires from Randall & Quilter, in a move aimed at "significant expansion" in North America and on the island.

Hiscox appoints Dolphin, Lee and McConnell to key leadership roles

1 August, 2019 - 09:49
Specialist insurer Hiscox has made two new appointments within its reinsurance and insurance-linked securities (ILS) business, and named chief underwriting officer for Hiscox USA.

Markel buys $212.5m stake in MGA Hagerty Group

1 August, 2019 - 09:12
Specialist insurer Markel has acquired a minority ownership interest in managing general agent (MGA) The Hagerty Group for a total consideration of $212.5 million.

James River CEO Myron steps down due to health, former chief to return

1 August, 2019 - 08:50
Bermuda-based James River Group Holdings's chief executive officer Robert Myron is stepping down from the top position due to ill health, the company said July 31.

15 ways technology is already transforming insurance... and 5 to watch

1 August, 2019 - 08:40
When it comes to insurance the personal touch is still key with sector contracts often closed on the strength of human relationships.

WTW’s CEO Haley extols ‘healthy growth’ and excitement about TRANZACT acquisition in Q2 2019 results

31 July, 2019 - 15:36
Broker Willis Towers Watson (WTW) reported “healthy growth” and expressed excitement about the completion of the TRANZACT acquisition, as the company unveiled its second quarter results for 2019.

Swiss Re appoints Baertschi as new EMEA reinsurance CEO

31 July, 2019 - 15:12
Swiss Re has appointed Urs Baertschi as new CEO reinsurance EMEA, regional president and member of the group executive committee effective Sept. 1, 2018, replacing Russell Higginbotham.

Chaucer creates new head of underwriting role for Dublin-based company

31 July, 2019 - 14:52
Specialty re/insurer Chaucer has appointed Jonathan Sutcliffe to the newly created role of head of underwriting at Chaucer Insurance Company DAC in Ireland, which trades as Chaucer Dublin.

Gallagher acquires P&C broker Gillis, Ellis & Baker

31 July, 2019 - 14:40
Broker Arthur J Gallagher has acquired US-based commercial retail property/casualty broker Gillis, Ellis & Baker.

Corporate Solutions, catastrophes drag down profits at Swiss Re in first half 2019; CEO remains bullish

31 July, 2019 - 11:09
Zurich-based global reinsurer Swiss Re's half year 2019 net profit fell despite strong reinsurance performance in both property/casualty and life & health segments and investment gains, due to losses stemming from natural catastrophes, Ethiopian Airlines crash, Boeing 737 MAX fleet grounding, and a large reserve charge for Corporate Solutions business.

AXIS Capital CEO Benchimol praises ‘strong’ Q2 2019 results as net income grows

31 July, 2019 - 11:01
Bermuda-based re/insurer AXIS Capital's CEO reports “strong” second quarter results were “made possible” by continuing improvement in core underwriting margins, operating return on equity of 12.3 percent, and a 6 percent growth in book value per share.

Specialty insurer Newline joins Lloyd’s Mexico, expands global footprint

31 July, 2019 - 10:24
London-based specialty insurer Newline Group is expanding its global footprint by joining Lloyd’s representative office in Mexico City, to serve clients in Latin America and the Caribbean.

Markel CEOs Gayner and Whitt highlight ‘outstanding performance’ in investment portfolio in H1/Q2 2019 results

31 July, 2019 - 10:14
Markel’s co-chief executives pointed to “outstanding performance” in the insurer’s investment portfolio, with more than $1 billion of net investment gains in the first half of the year, as the company released its second quarter and half year results for 2019.

Investors ponder the future of ILS

31 July, 2019 - 09:44
A flight to quality is underway in the insurance-linked securities (ILS) market, following disappointing performance in 2017 and 2018 according to a new survey by Intelligent Insurer’s sister publication Bermuda:Re+ILS.

Generali unveils new structure in Italy to create "faster and more agile" organisation

31 July, 2019 - 09:27
Generali Country Italy and Global Business Lines has unveiled a new structure as part of its strategy to create a faster and more agile organisation.

Arch acquires Barbican Group as it deepens "commitment to Lloyd’s and London"

31 July, 2019 - 07:47
Bermuda-based Arch Capital Group has agreed to acquire Barbican Group Holdings from funds managed by US alternative asset management firm Carlson Capital, in a move aimed at expanding its Lloyd’s and London market footprint. 

Marsh CEO Glaser "excited" about growth prospects as revenue up 16% in Q2 2019 post JLT merger

30 July, 2019 - 15:03
Broker Marsh & McLennan's chief executive Dan Glaser is "pleased" with the company's second quarter 2019 results, which include Jardine Lloyd Thompson (JLT) for the first time.

Household insurance ‘remains unprofitable’ in Northern Australia, finds the Australian Competition and Consumer Commission

30 July, 2019 - 14:58
An inquiry examining Northern Australia’s insurance market has confirmed that providing household policies in the region “remains unprofitable for insurers”.

Markel appoints head of cyber in London from AIG

30 July, 2019 - 14:43
Specialist insurer Markel International has appointed Chris Burgess to head up its cyber team in London.

Sompo partners with VGM to insure golf courses and country clubs

30 July, 2019 - 14:39
Bermuda-based specialty re/insurer Sompo International Holdings has entered into a strategic partnership with VGM Insurance & Financial Solutions (VGM) to offer its insurance products to golf courses and country clubs.


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