NewsPeople MovesWillis Re reshuffles Australian leadership teamWillis Re has restructured its executive team in Australia with John Philipsz and Karl Jones taking top jobs at the broking house in Sydney. Fri 1 Feb 2019
NewsResultsAon posts 6% organic growth, EPS beats analysts'Broking giant Aon reported 6 percent organic growth in the fourth quarter driven by gains in both its commercial risk and reinsurance solutions businesses.Fri 1 Feb 2019
NewsM&ABGC Partners completes purchase of EdBGC Partners has completed its acquisition of Lloyd’s broker Ed.Fri 1 Feb 2019
NewsPeople MovesHyperion X appoints Miguel Baptista chief data officerHyperion X, the recently-launched data and technology arm of London-headquartered intermediary Hyperion Insurance Group, has appointed Miguel Baptista chief data officer.Fri 1 Feb 2019
NewsResultsImproved underwriting results help Selective to earnings beatSelective generated a 41 percent increase in operating profits to $72.0mn for the fourth quarter as it comfortably outpaced Wall Street earnings forecasts.Fri 1 Feb 2019
NewsRating actionsQBE Seguros downgraded to B++ ahead of saleAM Best has downgraded the financial strength ratings of Puerto Rican carrier QBE Seguros from A- to B++ after its global insurer parent agreed a deal to sell the subsidiary to Rincon Investment.Thu 31 Jan 2019
NewsResultsGallagher reports 5.8% organic growth in Q4Gallagher was the second broking giant today to report strong fourth quarter organic growth as it said top line in its brokerage and risk management segments was up by 5.8 percent on an underlying basis.Thu 31 Jan 2019
NewsCasualty ReinsuranceShares in Maiden up 12% after AmTrust QS terminatedShares in Maiden Holdings were trading up 12 percent in New York this afternoon after the reinsurer revealed it had terminated quota share agreements with AmTrust in a move that had helped cure its recent breach of Bermuda capital requirements.Thu 31 Jan 2019
NewsCasualty ReinsuranceMunich Re in US casualty retrenchmentMunich Re has significantly reduced its appetite for segments of US commercial casualty risk amid concerns over claims activity and loss trends that are continuing to outpace rates, The Insurer can reveal.Thu 31 Jan 2019
NewsResultsMMC shares up 5% after strong Q4MMC’s share price closed up 5.3 percent after the firm reported that its risk and insurance services (RIS) operation produced underlying, or organic revenue growth of 6 percent in the fourth quarter along with margin expansion.Thu 31 Jan 2019
NewsA&HZurich taps Chubb for A&H head JaksicZurich has appointed Drazen Jaksic head of accident and health underwriting within its commercial insurance business.Thu 31 Jan 2019
NewsLegal/ RegulatoryLloyd’s reveals plan to update TPA oversightLloyd’s has revealed plans to update its oversight of third-parties by implementing a new risk-based approach, streamlining procedures and tightening the controls on claims administrators.Thu 31 Jan 2019
NewsM&AStarStone offloads MGA Malakite and airline businessStarStone has entered an agreement with Eelseco - the space, aviation and energy underwriting platform – to sell its MGA Malakite and Zurich-based airlines and products portfolio.Thu 31 Jan 2019
NewsPeople MovesMeyenhofer leaves Aon Bermuda after three monthsAon Reinsurance Solutions Bermuda CEO Matthias Meyenhofer has resigned from the broker, The Insurer can reveal.Thu 31 Jan 2019
NewsCyberPRA orders Lloyd’s and UK insurers to develop silent cyber action planUK insurers have been instructed by the Prudential Regulation Authority (PRA) to develop detailed plans setting out how they are reducing their exposures to so-called silent cyber losses.Thu 31 Jan 2019