Intelligent Insurer News

Lloyd’s insurer and member of Argo Group, ArgoGlobal, has secured Helen Donegan as head of operations – Europe, Middle East and Asia.

Specialist insurer Beazley has appointed a new lead to develop the business in Germany from 1 April 2019.

SCOR has merged its Global Life SE and Global P&C SE businesses into SCOR SE as part of a three year strategic plan.

The insurance-linked securities (ILS) market is facing a possible brief doldrum in 2019, before reviving in the second half of the year, according to Paul Schultz, chief executive of Aon Securities.

AM Best has maintained a “negative outlook” for the UK non-life insurance market as it is buffeted by economic and political uncertainty caused largely by Brexit.

Broker Marsh has appointed Anthony Gruppo as new chief executive officer (CEO) of Jelf and leader of its wider UK & Ireland commercial and consumer client segment.

US-based property/casualty insurer The Hartford has launched a new directly-managed network of insurance partners, backed by a global technology platform, to enhance its multinational capabilities.

Specialist insurer Markel International has moved its European insurance business from London-based company, Markel International Insurance Company, to its Munich-based company, Markel Insurance SE (MISE) ahead of UK plans to leave the European Union.

In an ongoing dispute, Voce Capital Management, a shareholder of Argo Group, has questioned the legality of the re/insurer's appointment of two independent board directors.

London-based insurtech Kinsu, which provided insurance for laptop, phones, bicycles, and other home contents, has announced that it is exiting the market "after an awesome year of fundraising".

As US aircraft manufacturer Boeing announced software upgrades to its 737 Max planes, it remained unclear how far this fix could mitigate the potential losses for the global insurance industry.

Fannie Mae, the US government-backed financial institution that provides liquidity to the US mortgage markets by buying mortgages from lenders, has completed a multi-tranche credit insurance risk transfer (CIRT) transaction that covers a pool of $11.7 billion of multifamily loans.

US-based insurtech platform Slice Labs has launched a new business unit, called Slice Mind, that combines artificial intelligence (AI), machine learning and behavioural psychology to predict insurance risk and make recommendations.

HDI Global Specialty SE, a new specialty lines insurer created from merging the specialty lines activities of Hannover Re and HDI Global, has launched a new general aviation operation in Australia.

Medium sized reinsurer CCR Re has set up 157 Re, a sidecar vehicle, which it said is the first to be domiciled in France, to give it access to new ILS investors.

Intermediary Hyperion Insurance Group, which owns MGA DUAL, retail broker Howden and specialty broker RKH, has appointed Rebecca Scott as new group chief operating officer (COO).

Centene Corporation and WellCare, two big players in the US government-sponsored health insurance programme, have announced that they are merging in a deal worth $17.3 billion.

Bermuda-based reinsurer Monument Re has signed a definitive agreement to acquire Inora Life DAC from French financial services company Societe Generale.

Re/insurance broker Aon has appointed Edwin Charnaud as EMEA chairman for its M&A and transaction solutions business.

Specialist insurer Markel International has appointed Christian Stobbs as strategy director for Asia.