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Updated: 1 hour 46 min ago

Mapfre Re reports almost 30% drop in profits in group H1 2019 results

26 July, 2019 - 12:02
Spanish based global re/insurer Mapfre reported modest revenue and premium growth overall in its results for the first half of 2019, but its reinsurance business Mapfre Re fared less well with a nearly 30 percent drop in net profit results.

Markel to wind down CatCo Re, launch new retrocessional ILS platform

26 July, 2019 - 10:15
Specialty insurer Markel Corporation intends to establish a new retrocessional insurance linked securities (ILS) fund platform ahead of the 2020 renewal period in Bermuda, comprised of a reinsurance company, fund entity and investment manager.

RGA elects Hamilton chief Pina Albo; says diversity a "key priority" for board

26 July, 2019 - 10:14
Reinsurance Group of America (RGA) has appointed Hamilton CEO Pina Albo to its board of directors, increasing the female representation on its board to 38 percent.

Tokio Marine expands into Mexico with new subsidiary targeting surety market

26 July, 2019 - 10:13
Specialty insurance group Tokio Marine HCC has formed a new Mexican subsidiary to further expand its international surety operations.

AXA XL partners with insurtech MGU Vindati on Ocean Cargo insurance for SMEs

26 July, 2019 - 10:11
Insurer AXA XL has partnered with insurtech managing general underwriter (MGU) Vindati to offer Ocean Cargo insurance for small and middle-sized businesses in the US.

RSA appoints Christian Coletta to lead Spanish business

26 July, 2019 - 10:10
RSA Insurance Group has appointed Christian Coletta as new managing director of its Spanish business with immediate effect.

Bermuda-based Lancashire Holdings' CEO Maloney ‘pleased’ with H1 2019 results despite drop in profits

25 July, 2019 - 15:17
Bermuda-based insurance company Lancashire Holdings’ group CEO Alex Maloney highlighted the firm’s “good new business momentum” in the first half of the year as his group reported its H1 2019 results.

Allianz appoints head of commercial lines pricing

25 July, 2019 - 15:10
Allianz Insurance has appointed Claire Buck to the position of head of commercial lines pricing.

Global catastrophe losses cost insurers $20bn in H1 2019, down 26% from 18 year average

25 July, 2019 - 15:07
Global natural disaster losses during the first half of 2019 were below average when compared against a 10-year average, according to a new report by Aon's Impact Forecasting.

Sedgwick strengthens international operations with key leadership appointments

25 July, 2019 - 14:27
Technology-driven risk solutions provider Sedgwick has appointed key executives to support its international growth strategy.

Tokio Marine expands professional risks unit with key new hires

25 July, 2019 - 13:55
Specialty insurance group Tokio Marine has appointed Stuart Wolstenholme and Lucy Smith to further expand its international media, film & TV capabilities within its professional risks division.

Chubb Q2 2019 profits slip slightly; CEO Greenberg highlights improved pricing environment

25 July, 2019 - 11:25
The second quarter of 2019 was about "growth and pricing" for Chubb chief executive officer Evan Greenberg, who noted that the company benefited from an improved pricing and underwriting environment.

Reinsurer SCOR ‘delivers strong performance’ in 2019 H1 results, says Denis Kessler CEO and chair

25 July, 2019 - 11:21
The 2019 half year results for French reinsurer SCOR “deliver a strong performance”, according to Denis Kessler, company chairman and CEO.

ABI welcomes UK government’s new chancellor Sajid Javid

25 July, 2019 - 11:09
As Prime Minister Boris Johnson started selecting his cabinet yesterday, after being chosen as leader of the Conservative party, his choice of Sajid Javid for chancellor was welcomed by the Association of British Insurers (ABI).

Insurtech Hippo secures $100m to fund expansion; targets 80% coverage of US

25 July, 2019 - 11:00
Hippo, a California-based insurtech focused on the home insurance market, has secured $100 million Series D funding to fuel expansion of its footprint in the US.

Australia's PSC Insurance to acquire Lloyd's broker Paragon for an estimated £42m

25 July, 2019 - 09:02
Australian broker PSC Insurance Group is acquiring 100 percent of the share capital of Lloyd’s and London Market broker Paragon International Holdings for a base consideration of £42 million (approximately A$75 million).

AIG appoints Waldner as first chief sustainability officer to lead strategy

25 July, 2019 - 08:49
American International Group (AIG) has created a position of chief sustainability officer to lead the development and implementation of a company-wide sustainability strategy.

MGAguard unveils new tech-driven platform targeting hospitality and taverns industry

25 July, 2019 - 08:45
Florida-based MGAguard, a new technology-enabled platform for specialty insurance underwriting, has commenced operations targeting the hospitality and taverns industry.

Fractal rebrands as Qomplx, raises $78.6m in Series A financing

24 July, 2019 - 15:17
Analytics and insurance software provider Qomplx, formerly known as Fractal Industries, has secured $78.6 million Series A financing led By Cannae Holdings and Motive Partners.

Kingstone exits "volatile" commercial liability lines after new CEO evaluates performance

24 July, 2019 - 15:04
Property/casualty insurer Kingstone Companies has decided to no longer underwrite commercial liability risks following a review by its new chief executive Barry Goldstein.

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