Articles

Insurance

Argo enjoys strong growth in 2018 despite challenging market

Bermuda specialty re/insurer Argo Group enjoyed strong growth and better profits in 2018 by “optimising its portfolio” and growing in lines with most “profit potential” according to its CEO.   12 February 2019

Insurance

Everest Re’s 2018 results hit by catastrophes but Addesso praises performance

Everest Re Group’s profits dipped in 2018 as a result of high levels of catastrophe losses during the year but the company’s CEO said he was pleased to still make a profit and praised the diversification of the company’s portfolio.   12 February 2019

Insurance

Axa sees ‘striking’ rise in perception of climate change risk

Axa has seen a “striking” jump in the perception of climate change as the top emerging risk in its latest survey, said Hélène Chauveau, head of emerging risks at the company.   12 February 2019

Insurance

CNA’s Robusto heartened by 2018 progress despite Q4 losses

Commercial insurer CNA made “significant progress in 2018” despite a fourth quarter hit by catastrophe losses, said chairman and CEO of CNAFinancial Corporation Dino Robusto as the company announced its full year results.   11 February 2019

Insurance

Ryan Specialty snaps up Oklahoma P&C broker Westphalen

Ryan Specialty Group (RSG), a specialty insurance services business based in Chicago, has acquired the assets and operations of Westphalen Insurance Services, an independent wholesale insurance brokerage based in Oklahoma.   11 February 2019

Insurance

AXIS taps AIG's Bob Quane as head of underwriting and portfolio optimisation

Bermuda-based AXIS Capital Holdings has hired AIG's Robert “Bob” Quane as head of underwriting and portfolio optimisation.   11 February 2019

Insurance

RMS shuffles Continental Europe leadership; hires new managing director

Risk modelling firm RMS has hired Oliver Nieswandt as managing director of Continental Europe, based in the company's Zurich office.   11 February 2019

Insurance

M&As up 9% but uncertainty to bring lull, finds report

Mergers and acquisitions grew 9 percent in the global insurance sector in 2018 as insurers looked to increase their access to customers and innovation, and benefit from greater scale, according to a Clyde & Co report out today (Monday 11 February).   11 February 2019

Insurance

Allstate’s Wilson says personal protection growth strategy ‘working’

US insurer Allstate Corporation said its strategy to grow its personal protection market share, including the acquisition of InfoArmo, is working as it reported its 2018 year end results.   8 February 2019

Insurance

Aon: severe January weather causes billion-dollar US losses

Multiple winter storms and extreme cold driven by the polar vortex in January led to a billion-dollar economic cost in the United States, according to the Aon catastrophe report.   8 February 2019

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