Intelligent Insurer News

Jad Ariss, the former CEO of AXA's Middle East and Africa business, has been appointed secretary general of the Geneva Association, effective 1 March 2019.

Qatar Insurance Company (QIC) sees growth despite two of the “costliest back-to-back years on record” for the global insurance industry, according to its group president and CEO Khalifa Abdulla Turki Al Subaey.

Willis Re, the reinsurance division of broker Willis Towers Watson, has unveiled a number of leadership changes in its Australian team, a move it hopes will drive its next phase of growth.

Aon’s annual results revealed its strongest organic growth since 2006 despite implementing new reporting standards that slashed millions off the total revenue.

Boost by some 48 acquisitions, Arthur J. Gallagher & Co enjoyed strong growth in 2018 with revenues and earnings in both its brokerage and risk management units well up on the year before.

Brokerage and financial technology company BGC Partners has completed the acquisition of London-based reinsurance, wholesale and specialty broker Ed, three-months after the deal was first announced.

Zurich Insurance Group has appointed Mathias Sommer as new head of operations for Zurich Canada.

California-based artificial intelligence (AI) startup Betterview, a software platform and service provider for capturing and analysing data from drones, has partnered with Michigan-based property and casualty holding company Conifer.

Hyperion Insurance Group has appointed Miguel Baptista as chief data officer of its newly launched data and technology arm Hyperion X.

Castel Specialty, a division of club-style MGA formation platform Castel Underwriting Agencies, has added specialist marine coverages to its portfolio with the addition of Seacurus.

Howden, the retail broking arm of Hyperion Insurance Group, has merged its Thailand-based subsidiary with motor insurance broker Maxi.

Broker Marsh & McLennan Companies’ (MMC) posted growth in both its 2018 and Q4 results as the company’s CEO highlighted the importance of its recent acquisition of Jardine Lloyd Thompson.

London-based Data as a Service (DaaS) insurtech WhenFresh has secured £3 million series A funding to develop and expand its offering for the insurance sector.

Specialist re/insurance broker THB has completed the leadership transition in its European division based in Amsterdam following the retirement of managing director Joaquim Caria.

German reinsurance giant Munich Re is looking to expand its presence in the South East Asian market with the creation of a new representative office Bangkok.

Pioneer Underwriters, an underwriting group within Minova Insurance Holdings, has unified its financial institutions (FI) businesses into one global underwriting operation.

Specialty insurer StarStone, whose parent company Enstar dropped plans to pursue its sale in September, has decided to sell some of its portfolio to Dubai-based firm Elseco.

John C. Roche, president and CEO at The Hanover Insurance Group, expects to “build on the positive momentum” the firm achieved in 2018, which saw major changes such as the sale of its speciality insurer Chaucer to China Re.

French mutual insurance company Covéa has rejected all the accusations leveled by reinsurance firm SCOR as "groundless" and a "strategy to manipulate the judicial process", and reiterated its support for its chief executive Thierry Derez and his actions.

Tom Fitzgerald, the chief executive of Aon Broking, is leaving the company after 27 years of service to start the "next chapter" in his career.