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Hartford Financial Services Group is acquiring The Navigators Group for $2.1 billion in a move that will see the US insurer expand its offerings and underwriting risk appetite. 22 August 2018
Insurance
US-based Hartford Financial Services Group has entered into a definitive agreement to acquire global specialty insurance holding The Navigators Group in an all-cash transaction of approximately $2.1 billion. 22 August 2018
News
Hannover Re’s CEO Ulrich Wallin is stepping down and retiring in May 2019 after more than 35 years at the reinsurer. He will be replaced by Swiss Re’s Jean-Jacques Henchoz. 22 August 2018
Insurance
American International Group (AIG) has hired John Repko as executive vice president, chief information officer (CIO), succeeding Martha Gallo who is leaving AIG to pursue other interests. 22 August 2018
Insurance
Zurich North America has hired Allied World's Paul Lavelle as chief claims officer. He succeeds Steve Hatch, who retired earlier in August. 22 August 2018
News
A group of 18 US property/casualty reinsurers wrote $30.1 billion of net premiums during the six-months ended June 30, 2018, compared to $22.5 billion for the same period in 2017, according to data released by the Reinsurance Association of America (RAA). 22 August 2018
Insurance
Chubb has surpassed American International Group (AIG) to become the largest cyber underwriter in the US, according to data by AM Best. 21 August 2018
Insurance
Jacob Scherer, Jr., chief insurance officer and executive vice president of property/casualty insurance group The Cincinnati Insurance Company, is to retire in August 2019. 21 August 2018
Insurance
Re/insurer XL Catlin has appointed Chris Kopser to lead its global risk management insurance North America division as president. 21 August 2018
Insurance
S&P Global Ratings has revised its outlook to positive from stable on Argo Group US and its subsidiaries, reflecting the potential for further advancement in Argo's enterprise risk management (ERM) programme and progress in the company's strategic initiatives that result in improved underwriting earnings. 20 August 2018
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