Articles
Insurance
Specialist insurer Beazley has expanded its presence in Canada with the acquisition of specialist managing general agent (MGA) Creechurch Underwriters. 6 February 2017
Insurance
TransRe, the reinsurance arm of Transatlantic Holdings, has promoted Marco Giovane to the position of chief underwriting officer for the Latin American and Caribbean division with effect from February 1. 6 February 2017
Insurance
Despite the soft market, Hannover Re has increased its growth targets for 2017 on the back of what it has described as a healthy pipeline of structured deals. Following a strategy its larger competitor Swiss Re promoted in 2016, Hannover Re is now also focusing on this segment. 3 February 2017
Insurance
Specialist insurer Beazley has warned of margin declines when claims return to more normal levels after it revealed in its 2016 results that premium rates for most large risk business continued falling sharply last year. 3 February 2017
Insurance
Commercial property/casualty (P/C) rates declined in the fourth quarter of 2016 across small, medium and large accounts for the eighth straight quarter, according to The Council of Agents & Brokers’ Commercial P/C Market Survey. 3 February 2017
Insurance
Hamilton USA, the US insurance platform of Bermuda-based Hamilton Insurance Group, has promoted Julianna Muir to the newly-created position of senior vice president, head of strategy and innovation. 3 February 2017
Insurance
Bermuda-based Everest Re Group said that it hired Megan Watt as the new leader of its claims operation located in Liberty Corner, NJ. 3 February 2017
Insurance
Investment returns boosted Beazley’s 2016 results but the company also enjoyed strong growth despite what the company’s CEO called highly competitive conditions in many markets. 3 February 2017
News
German reinsurer Hannover Re is refocusing its property/casualty business in terms of which regions and lines of business it will focus as it looks to avoid markets where rates are particularly unattractive. 2 February 2017
Insurance
Marsh & McLennan Companies enjoyed solid growth and improved profits in 2016 despite its investment income plummeting. 2 February 2017
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