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Insurance
Profits at Global Indemnity, which writes commercial and personal lines property/casualty business in the US and reinsurance through a Bermuda subsidiary, increased in 2016 as the company also enjoyed strong growth in its reinsurance book. 3 March 2017
Insurance
Bermuda-based White Mountains Insurance Group has elected Manning Rountree as chief executive officer (CEO) with immediate effect, succeeding Ray Barrette, who is retiring from the company. 3 March 2017
Insurance
European run-off insurance company DARAG has announced that group CEO Arndt Gossmann, who has headed up the business for eight years, has stepped down with immediate effect. 3 March 2017
Insurance
Some 11 bidders have thrown their hats in the ring to acquire the portfolio of Schwarzmeer und Ostsee Versicherungs AG (SOVAG), the Germany-based insurer, which is being restructured by Arndt Gossmann, the company’s chief executive since May this year. 11 September 2017
Insurance
The reinsurance sector is in the challenging later stages of a soft market, meaning conditions remain ripe for mergers and acquisitions (M&A), Robert DeRose, senior director of reinsurance at AM Best, told Monte Carlo Today. 11 September 2017
Insurance
Concord Specialty Risk, a transactional risk insurance and loss mitigation specialist which is a series of RSG Underwriting Managers, has appointed James Grayer as executive vice president of representations and warranty (R&W) insurance, based in New York. 18 April 2017
Insurance
Against a backdrop of an exceptional growth rate and aggressive acquisition strategies, China is taking a more prominent role in a frantic period of re/insurance M&A activity. 6 March 2017
Insurance
Artificial intelligence and machine learning that leverage large legacy, and not so legacy, data caches are set to provide improved pricing accuracy for firms merging with or acquiring others, while Latin America and Asia offer fresh conquests for acquisitive firms. Intelligent Insurer investigates. 18 February 2020
News
Kaj Ahlmann, the managing director and global head of insurance strategy at Deutsche Asset Management and formerly the chief executive of Employers Re, part of GE, will retire from his current role at the end of the year – to focus on making and selling wine. 16 December 2016
Insurance
Worldwide economic and insured losses during the month of June were once again largely driven by several major severe weather outbreaks in the US, according to the latest Global Catastrophe Recap report by Impact Forecasting, Aon Benfield’s catastrophe model development team. 7 July 2017
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