Articles

Insurance

Arch-owned McNeil & Company acquires LOSAP administrator Penflex

McNeil & Company was acquired by Bermuda-based Arch Capital Group in 2018.   11 February 2020

Insurance

Newline hires CNA Hardy exec Schäfer as senior underwriter in Cologne

Specialty insurance group Newline Group, which operates through Newline Syndicate 1218 at Lloyd’s and Newline Insurance Company, has appointed Markus Schäfer as senior underwriter, general liability, at Newline Insurance Company in Cologne.   24 January 2019

News

Nordic insurer Gjensidige hires former AXIS/LGT for reinsurance team

Nordic insurance group Gjensidige has hired Aleksander Hope, an ILS expert who has worked at AXIS Capital and private bank LGT, as a director in the reinsurance team. He will be based in Oslo, Norway.   24 January 2019

Insurance

Travelers appoints first chief sustainability officer

Property/casualty insurer Travelers Companies has created a new position to lead its environmental, social and governance (ESG) efforts across the organisation.   16 August 2019

Insurance

Chubb, Marsh to drive vaccine comp programme for low income countries

Programme will deliver compensation for adverse events associated with vaccines distributed through COVAX until June 2022.   29 April 2021

Insurance

Willis Towers Watson launches new solution for mid-market clients

Broker Willis Towers Watson has launched a new solution for general industry mid-market clients as part of its differentiated broking solutions (DBS) business strategy.   25 June 2019

Insurance

Perils lifts Queensland, Townsville 2019 flood loss estimate to A$1.2bn

Insured loss estimates for the northern Queensland and Townsville flooding from 26 January to 10 February 2019 have reached A$1.217 billion ($822 million), according to Perils' third estimate published today.   12 August 2019

Insurance

Miller swoops on Gallagher broker to expand specialty business in Asia

Re/insurance broker Miller has hired property broker Amanda Lee to further strengthen its specialty business in Asia.   15 February 2019

Insurance

Argo pegs Q4 2018 cat loss at $32m

Bermuda specialty re/insurer Argo Group International Holdings has estimated preliminary pre-tax losses of $32 million related to 2018 fourth quarter catastrophic events, primarily driven by hurricane Michael and the California wildfires.   18 January 2019

Insurance

Samsung acquires 'strategic stake' in Lloyd's insurer Canopius

Specialty re/insurer Canopius has signed an agreement with Korea's Samsung Fire & Marine Insurance (SFMI) that will see SFMI become a significant minority investor in the company.   3 May 2019

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