Articles

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

Insurance

SOBC DARAG targets US expansion with new Bermuda hub; hires team from R&Q

SOBC DARAG, a subsidiary of run-off specialist DARAG UK, has launched a new office in Bermuda with four senior hires from Randall & Quilter, in a move aimed at "significant expansion" in North America and on the island.   1 August 2019

Alternative Risk Transfer

Hiscox appoints Dolphin, Lee and McConnell to key leadership roles

Specialist insurer Hiscox has made two new appointments within its reinsurance and insurance-linked securities (ILS) business, and named chief underwriting officer for Hiscox USA.   1 August 2019

Insurance

Markel buys $212.5m stake in MGA Hagerty Group

Specialist insurer Markel has acquired a minority ownership interest in managing general agent (MGA) The Hagerty Group for a total consideration of $212.5 million.   1 August 2019

Insurance

James River CEO Myron steps down due to health, former chief to return

Bermuda-based James River Group Holdings's chief executive officer Robert Myron is stepping down from the top position due to ill health, the company said July 31.   1 August 2019

Insurance

WTW’s CEO Haley extols ‘healthy growth’ and excitement about TRANZACT acquisition in Q2 2019 results

Broker Willis Towers Watson (WTW) reported “healthy growth” and expressed excitement about the completion of the TRANZACT acquisition, as the company unveiled its second quarter results for 2019.   31 July 2019

Insurance

Gallagher acquires P&C broker Gillis, Ellis & Baker

Broker Arthur J Gallagher has acquired US-based commercial retail property/casualty broker Gillis, Ellis & Baker.   31 July 2019

Insurance

Arch acquires Barbican Group as it deepens 'commitment to Lloyd’s and London'

Bermuda-based Arch Capital Group has agreed to acquire Barbican Group Holdings from funds managed by US alternative asset management firm Carlson Capital, in a move aimed at expanding its Lloyd’s and London market footprint.   31 July 2019

Insurance

Markel CEOs Gayner and Whitt highlight ‘outstanding performance’ in investment portfolio in H1/Q2 2019 results

Markel’s co-chief executives pointed to “outstanding performance” in the insurer’s investment portfolio, with more than $1 billion of net investment gains in the first half of the year, as the company released its second quarter and half year results for 2019.   31 July 2019

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