Articles

Insurance

Arthur J Gallagher claims loan in Ardonagh poaching case ‘highly irregular’

Claims of an allegedly “highly irregular” loan have emerged during the poaching case brought by Arthur J Gallagher (AJG) against the Ardonagh group, which has prompted references to “industrial espionage” from the claimants.   20 March 2019

Insurance

Gallagher CEO calls rate increases justified

The current rate increases in the insurance sector are justified, the Arthur J Gallagher CEO J Patrick Gallagher, Jr., said during the broker’s first quarter 2018 results conference call.   2 May 2018

Insurance

VIG Re revamps management structure in efficiency push

Czech Republic-based reinsurer VIG Re has realigned its organisational structure and management responsibilities. The changes, which it claims will drive “operational efficiencies”, are effective from April 1, 2018.   5 March 2018

Insurance

Claims handling, AI and the human element

Claims handling has changed hugely thanks to advances in technology, a panel at the Intelligent Automation in Insurance: unlocking the artificial intelligence revolution conference, taking place in London today, has found.   26 April 2018

Insurance

Prudential strikes $1.8bn reinsurance deal with Scottish Widows

The Prudential Insurance Company of America (PICA) and UK-based Scottish Widows have agreed to their first-ever longevity reinsurance agreement. PICA has assumed the longevity risk for approximately $1.8 billion (£1.3 billion) of annuity liabilities held by Scottish Widows.   5 February 2018

Insurance

Skuld makes senior hire to target growth in North America

Marine insurance provider Skuld has appointed Rachael Simpson as senior vice president, London P&I (protection and indemnity) operations.   11 December 2017

Alternative Risk Transfer

Pool Re appoints GC Securities to explore ILS options

Pool Re has appointed GC Securities, a division of MMC Securities LLC, as its insurance-linked securities (ILS) advisor and placement agent.   25 April 2018

Insurance

Lemonade sues ONE Insurance and parent wefox over copying software

AI-powered insurtech firm Lemonade Insurance Company has filed a lawsuit against ONE Insurance, its parent wefox Group and founder Julian Teicke, over claims of it copying Lemonade’s app and website.   15 June 2018

Insurance

Brit swoops for Talbot chief operating officer

Specialty re/insurer Brit has appointed Michael Gould as its new chief operating officer (COO). He arrives from Lloyd's syndicate Talbot Underwriting where he has held the position of COO since 2015.   12 June 2018

Insurance

Argo appoints new head of ceded reinsurance from Ariel Re

Bermuda specialty re/insurer Argo Group International Holdings has appointed Katie Partington Howarth to serve as the group head of ceded reinsurance.   11 June 2018

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