Articles

Insurance

Marsh expands construction capabilities with acquisition

Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has acquired Klein Agency, a St. Paul, Minnesota-based surety and property/casualty agency specialising in the construction industry.   4 July 2018

Insurance

Chubb Q2 2019 profits slip slightly; CEO Greenberg highlights improved pricing environment

The second quarter of 2019 was about "growth and pricing" for Chubb chief executive officer Evan Greenberg, who noted that the company benefited from an improved pricing and underwriting environment.   25 July 2019

Insurance

ABI welcomes UK government’s new chancellor Sajid Javid

As Prime Minister Boris Johnson started selecting his cabinet yesterday, after being chosen as leader of the Conservative party, his choice of Sajid Javid for chancellor was welcomed by the Association of British Insurers (ABI).   25 July 2019

Insurance

BHSI appoints new UK & Europe leader; taps QBE CUO for Australasia

Berkshire Hathaway Specialty Insurance (BHSI) has hired Mark Lingafelter, most recently chief underwriting officer (CUO) Asia Pacific for QBE Insurance, to lead its business in Australasia as president.   4 June 2018

Insurance

Ratings agencies warn reinsurers on potential downgrades in 2017

Ratings agencies see the operating environment for reinsurers deteriorating in 2017 which could lead to negative ratings actions particularly for smaller players.   15 December 2016

Insurance

US P&C insurers double profits in H1

Private US property/casualty (P&C) insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, according to Verisk’s ISO and the Property Casualty Insurers Association of America (PCI).   16 October 2018

Insurance

Gallagher expands in Indonesia, Singapore with IBS stakes

Broker Arthur J Gallagher has acquired a 40 percent equity stake in Indonesian insurance broker and risk management services provider PT IBS Insurance Broking Service, as well as 100 percent of reinsurance broker IBS Re Singapore.   3 December 2018

Insurance

Reinsurance to protect Florida P&C players from hurricane Michael

Insurers and reinsurers exposed to hurricane Michael in Florida are likely to be only modestly impacted by hurricane Michael because of their typically high reinsurance protection, according to KBW.   9 October 2018

Insurance

Aviva picks Maurice Tulloch as new CEO after 'highly competitive process'

UK insurer Aviva has appointed Maurice Tulloch as new chief executive officer, replacing Mark Wilson who announced his plan to step down in October 2018.   4 March 2019

Insurance

Zurich acquires Oak Underwriting

Zurich UK, a subsidiary of Zurich Insurance Group, is acquiring Oak Underwriting from RSA Insurance.   28 March 2018

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