Articles

Insurance

Many reinsurers ‘increase cat risk exposure’ to exploit 2019 price uptick, finds S&P Global

Most of the top 20 reinsurers have switched strategy to take advantage of the price uptick, seen during the April, June and July 2019 renewals, by increasing their exposure to catastrophe risk, a report from S&P Global has found.   9 August 2019

Insurance

Aviva to review Asia unit as new CEO rethinks strategy amid 'mixed' H1 2019 results

UK's life and general insurer Aviva has said that the company is "considering a range of options" to enhance its Asian business as new CEO Maurice Tulloch looks to re-energise the business with a fresh growth strategy.   8 August 2019

Insurance

IRB Brasil Re to become first Latin American stakeholder in blockchain insurance initiative B3i

Brazil's major reinsurer IRB Brasil Re is set to acquire an 8.93 percent stake in the blockchain insurance industry initiative B3i Services for €3.5 million.   8 August 2019

Insurance

Insurers close 60% of Townsville, Australia, cat flood claims

The Insurance Council of Australia (ICA) said that 60 percent of insurance claims lodged since the Townsville floods were declared a catastrophe have been closed “marking a significant milestone in the city’s recovery”.   6 August 2019

Insurance

Ed hires Brit Singapore CEO David Lim for Asia Pacific expansion

London-based reinsurance, wholesale and specialty broker Ed has appointed David Lim as CEO of retail, Singapore and head of marine, Asia Pacific.   5 August 2019

Insurance

Allianz on track for 2019 targets, second quarter net income up 13.1%

German insurer Allianz enjoyed a strong second quarter 2019 with operating performance and net income rising above estimates, but its property/casualty operating profits fell back due to lower investment earnings.   5 August 2019

Insurance

MGAs: riding the wave of popularity

Managing general agents have been popular in the market recently, but what’s been driving this popularity? Intelligent Insurer speaks to a number of newly formed ventures to find out.   5 August 2019

Insurance

Lloyd's broker SSL Endeavour launches in Cyprus and Greece in Brexit move

Lloyd's broker and delegated authority specialist SSL Endeavour is expanding into Cypriot and Greek markets with the launch of SSL Endeavour Cyprus & Greece, pending regulatory approval.   2 August 2019

Insurance

Global insurance M&As rise in 2019 marking 'biggest increase' since 2015, finds Clyde & Co

Mergers and acquisitions (M&A) in the global insurance industry are at their highest level for four years up 13 percent to 222 deals completed worldwide in the first six months of 2019 from 196 deals in the six months before.   1 August 2019

Insurance

Markel buys $212.5m stake in MGA Hagerty Group

Specialist insurer Markel has acquired a minority ownership interest in managing general agent (MGA) The Hagerty Group for a total consideration of $212.5 million.   1 August 2019

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