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Insurance
US E&S business drives growth at Novae but it warns on poor full year combined ratio
Novae Group enjoyed substantial growth driven largely by US excess and surplus lines in the first quarter of 2017 despite exiting a number of casualty lines of business where it has deemed rates unsustainable. But it also warned that these would still hit its profitability this year.   10 May 2017
Insurance
Waldeck replaces Marcks as CEO of Prudential Retirement
US-based Prudential Retirement, a unit of Prudential Financial, has appointed Phil Waldeck as its new president and chief executive officer (CEO), with effect from June 5.   10 May 2017
Insurance
CNA appoints Chubb exec as new president and COO of specialty
US-based CNA, a commercial insurance provider, has appointed Kevin Smith as president and chief operating officer (COO) for CNA Specialty.   10 May 2017
Insurance
Aon Risk Solutions hires from JLT Specialty and Willis in US
Aon Risk Solutions, the global risk management business of Aon, has announced the hiring of Joe Clark and Taylor Turney in the US.   10 May 2017
Insurance
AmTrust Q1 profit hit by cat losses, adverse reserve development
US specialty property/casualty insurance provider AmTrust Financial Services has seen its net profit plummet in the first quarter of 2017 due to natural catastrophes and prior year adverse development.   9 May 2017
Insurance
AmTrust plans to sell MGA operations to raise $1bn cash
New York-based insurance holding company AmTrust Financial Services is looking to sell a majority in its MGA network and warranty administration operations, CEO Barry Zyskind suggested during the company’s first quarter results conference call.   9 May 2017
Insurance
Willis Towers Watson appoints Integro exec as Midwest leader
Broker Willis Towers Watson has appointed Thomas Zacharopoulos as Midwest leader for its Financial Institutions Industry group.   9 May 2017
Insurance
Former chief executive of QBE North America joins RLI board
RLI, a specialty insurer serving property/casualty and surety markets, has elected David Duclos to its board of directors for a term expiring at RLI’s next shareholders’ meeting in May 2018, at which time he will stand for re-election.   9 May 2017
Insurance
Allianz Life hires COO for investment management unit in North America
Allianz Life Insurance Company of North America has hired Tobias Fritsch as chief operating officer for its investment management division.   9 May 2017
Insurance
Aon profit falls in Q1 as expenses rise
Despite higher revenues in the first quarter of 2017, broker Aon saw profits slide as expenses grew due to restructuring and M&A.   9 May 2017

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