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Allianz posts record €11.5bn operating profit despite "strong market volatility"
Insurance
German insurance giant Allianz posted a record operating performance in 2018, reaching the upper end of its target. It also expects to generate a larger profit in 2019, provided there are no unforeseen performance interruptions.   15 February 2019
Insurtech C-Quence hires from Chubb and AIG to grow commercial lines
Insurance
C-Quence, a new insurtech managing general agent (MGA) with a commercial insurance trading and underwriting platform, has strengthened its underwriting team with senior hires from Chubb and AIG.   15 February 2019
Miller swoops on Gallagher broker to expand specialty business in Asia
Insurance
Re/insurance broker Miller has hired property broker Amanda Lee to further strengthen its specialty business in Asia.   15 February 2019
Insurance
Dutch insurer NN Group has elected David Cole to succeed Jan Holsboer as the chairman of its supervisory board following its annual general meeting later this year in May.   15 February 2019
Insurance
Dutch insurer NN Group saw a major net result loss in its full year results but Lard Friese, NN Group’s CEO, pointed to a positive operating result in a year that saw the integration of Delta Lloyd and a major cost reduction program.   14 February 2019
Insurance
Efforts to rectify issues in AIG’s core underwriting capabilities appear to be paying off as losses reduce year on year in its 2018 results, with Brian Duperreault, AIG’s president and chief executive officer, predicting the firm will “accelerate our progress in 2019”.   14 February 2019
Insurance
US-based reinsurance broker Holborn Corporation has hired a Gen Re executive with more than 30 years of industry expertise to enhance its existing client relationships across its three offices in New York City, Minneapolis and Kansas City.   14 February 2019
Insurance
Specialist insurer Markel International has hired Ramzi El Kadi as underwriter in its trade credit, political risk and surety operation in Dubai.   14 February 2019
Insurance
Reinsurance Group of America (RGA) has completed a longevity reinsurance deal with Canadian multinational insurance and financial services company Manulife.   14 February 2019
Insurance
Specialty re/insurer MS Amlin has launched a new 'all risks' insurance policy specially designed for the technology sector.   14 February 2019

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