Editorial Team

Chubb appoints Homan to lead international P&C as O’Donnell retires

Chubb has appointed Mark Homan as division president of international property and casualty (P&C) for overseas general insurance.

S&P: Revised RBC adequacy changes could see rating actions for 10% of insurers

S&P has issued a request for comment on its revised proposed changes to its criteria for insurer risk-based capital (RBC) adequacy that could lead to credit rating actions on “about 10 percent” of insurance sector ratings.

Swiss Re CorSo names Hall as wholesale head for UK, Ireland, South Africa & EMEA

Swiss Re Corporate Solutions (Swiss Re CorSo) has appointed Adrian Hall as head of wholesale for UK, Ireland, South Africa and EMEA.

Deutsche Rück Group sees 2022 GWP top €1.5bn

Deutsche Rück Group (Deutsche Rück) increased gross written premiums by 8.3 percent to more than €1.5bn during 2022, with the group generating a pre-tax operating profit of €15.7mn.

PIB continues build-out in Ireland with swoop for Gleeson Insurance

Private equity-backed broker consolidator PIB Group has continued to build out its footprint in Ireland with the acquisition of Gleeson Insurance.

Tower ups max Auckland flooding claims cost to NZ$225mn; seeks to reinstate cat cover

New Zealand-based insurer Tower Limited has upped its claims cost estimate for the weather events that have hit the North Island and Vanuatu in 2023, increasing its large events allowance for the year by 25 percent to NZ$50mn ($31.7mn).

Marsh’s Bristow: UK trade credit rates to remain muted as insolvencies rise

Economic slowdown in late 2023 and 2024 is likely to cause a further increase in the frequency and severity of UK insolvencies, but increases in trade credit rates will likely only be in the low single digit range as this year progresses, according to Marsh’s Graham Bristow.

Allianz Partners UK becomes capacity provider for MGA Avid Insurance

Specialist MGA Avid Insurance has named Allianz Partners UK as its new capacity provider.

Hiscox appoints Martindale as new chief actuary

Hiscox has appointed insurance and actuarial veteran Craig Martindale as the group’s new chief actuary.

French P&C insurers set for rising drought losses in 2023: Moody’s

Expectations of another summer of above-average temperatures in France have prompted warnings from Moody’s that French insurers will likely face an increase in drought losses this year.

Axis undertakes senior reshuffle with Gregory and McKenna appointments

Axis Capital has appointed Mark Gregory as head of global markets and confirmed The Insurer’s exclusive reporting that Michael McKenna has joined as head of North America as new CEO Vince Tizzio realigns his leadership team.

IAG senior execs McPherson and Plant to depart

IAG’s CFO Michelle McPherson is set to retire from the business by the end of the year, the company has said in a Stock Exchange statement.

Lockton bolsters Brazil presence with THB acquisition from Amwins

Lockton has acquired (re)insurance brokerage THB Brazil from Amwins to kick off a “new era” for Lockton in Brazil.

Alta Signa appoints Marongiu as technical head of cyber underwriting

European boutique MGA Alta Signa Europe B.V. (Alta Signa) has appointed Mauro Marongiu as its technical head of cyber underwriting.

DXC and London Market JV complete major data centre migration

Working closely with the London Market Joint Ventures (JV), DXC Technology says it has undertaken an “important confidence builder” for the modernisation project through the completion of a major data centre migration.

Tizzio takes over from Benchimol as Axis’ president and CEO

Vince Tizzio has officially assumed the role of president and CEO of Axis to succeed longtime president and CEO Albert Benchimol.

Gallagher expands fine art expertise with accurART acquisition

Gallagher has expanded its fine art expertise with the acquisition of Switzerland-based insurance broker, accurART.

Novidea raises $50mn in Series C funding round

Broker platform insurtech Novidea has raised $50mn in Series C funding led by Battery Ventures with participation from Cross Creek.

Tokio Marine HCC International restructures London marine, energy, and renewables businesses

Tokio Marine HCC International (TMHCCI) has restructured its London Market marine, energy, and renewables businesses under one operating structure, headed by recently appointed Ben Kinder.

Davies enhances captive offering with Ortac acquisition

Davies has signed a deal to acquire an insurance management services portfolio from Guernsey-licensed insurance manager, Ortac Underwriting Agency (Ortac).

Region

Topics

Events & Conferences

Content Types