Articles
Insurance
Liberty Mutual Insurance saw a considerable drop in its net income in Q2 2019 from the same quarter a year earlier, as chairman and chief executive David Long highlighted “unusual volatility” caused by Typhoon Jebi and higher than expected non-catastrophe loss activity. 8 August 2019
Insurance
Third Point Re's new CEO Daniel Malloy is "pleased" with the company's performance as he highlighted improved underwriting profitability for both the second quarter and first half of 2019. 8 August 2019
Insurance
Insurer AIG reported “strong” income growth in its Q2 2019 results with its CEO pointing to the company’s 2017 decision to restructure its business into three units - operating under a General Insurance business unit, a Life and Retirement unit, and a standalone technology unit. 8 August 2019
Insurance
Zurich Insurance Group posted the 'best first half result in a decade' driven by underlying growth across the business and a strong underwriting performance in property & casualty. The CEO is confident that it will beat its three-year financial targets in 2019. 8 August 2019
Insurance
Bermuda-based Third Point Re has affirmed Daniel Malloy as its chief executive officer (CEO) and appointed former AIG chief financial Officer Sid Sankaran to its board of directors. 8 August 2019
Insurance
Property/casualty insurer Travelers Companies has appointed David Rowland and Daniel Yin to executive vice president and co-chief investment officer, effective immediately. 8 August 2019
Alternative Risk Transfer
The insurance-linked securities (ILS) market declined year-on-year in the second quarter of 2019, making it the second-lowest Q2 for issuance by volume in the past eight years, except for 2016. 7 August 2019
Insurance
Specialist insurer Markel Corporation has named John Lecci as senior director of professional liability. He will be heading up the New York-based US professional errors & omissions team. 7 August 2019
Insurance
Specialist insurer Beazley has appointed three new underwriters from CNA, Chubb and The Hartford to its US cyber & technology team that the company claims has grown by 25 percent in the past two years. 7 August 2019
Insurance
RT Specialty, a wholesale brokerage unit of Ryan Specialty Group (RSG), has promoted Todd Mannschreck to president of claims, chief claims officer. He is based in the company's Kansas City office. 7 August 2019
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