Articles

Insurance

Allianz secures Ben Mitchell for newly created role of regional head of multinational for the Americas

Allianz Global Corporate & Specialty SE (AGCS) has created the post of regional head of multinational Americas and hired Ben Mitchell for the role, starting immediately.   6 August 2019

Insurance

Cobbs Allen hires former JLT US CRO Payne to build broking business

US-based enterprise risk management agency Cobbs Allen has hired former JLT US chief revenue officer (CRO) David Payne as part of plans to expand its insurance brokerage business.   6 August 2019

Insurance

Captive ‘strategy of choice’ for huge pension schemes to hedge longevity risk, says Prudential Insurance expert

A multi-billion dollar captive longevity reinsurance transaction (LRT) has been used to transfer risk linked to huge pension liabilities, suggesting a growing trend for this type of derisking deal.   6 August 2019

Insurance

Argo CEO Watson says 2019 Q2 / H1 results show ‘strong shareholder value creation’

Argo Group’s 2019 second quarter and half year results deliver “strong shareholder value creation” despite some claims volatility in the second quarter of 2018, said CEO Mark E Watson III.   6 August 2019

Insurance

Berkshire Hathaway reinsurance reports significant losses in Q2 and H1 2019 results

Total net earnings for Berkshire Hathaway Inc were up in the second quarter of 2019 and in the half year compared to 2018 but the firm’s reinsurance group reported significant pre-tax underwriting losses.   5 August 2019

Insurance

Marsh JLT Specialty Aviation Practice hires former Boeing executive Michael Tarling

There has been a reshuffle at Marsh’s aviation practice with the exit of key team members and the impending arrival of an experienced insurance executive from Boeing.   2 August 2019

Insurance

BGC snags aviation broking duo from Marsh JLT Speciality

BGC Insurance Group (BGCI), a division of global brokerage firm BGC Partners which owns Ed and Besso, has appointed Mark Costin and Oyin Heath to join its newly-formed global aviation and space re/insurance broker as senior partners.   2 August 2019

Insurance

Everest Re hires Chubb's Andrade for top position succeeding CEO Addesso from 2020

Bermuda-based Everest Re Group has hired Chubb's Juan Andrade as chief operating officer (COO) effective September 1, 2019. He will succeed Dominic Addesso as president and chief executive officer (CEO) of the company from January 1, 2020.   2 August 2019

Insurance

AXIS Re hires Swiss Re's Jason Busti as president of North America

AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings has appointed Jason Busti as president of North America.   2 August 2019

Insurance

Global insurance M&As rise in 2019 marking 'biggest increase' since 2015, finds Clyde & Co

Mergers and acquisitions (M&A) in the global insurance industry are at their highest level for four years up 13 percent to 222 deals completed worldwide in the first six months of 2019 from 196 deals in the six months before.   1 August 2019

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