Articles

Insurance

CLS Risk to ‘wake sleeping giant’ with renewables permit challenge insurance

CLS Risk Solutions (CLS), a provider of property and renewables development risk cover, has launched permit challenge insurance for renewable energy infrastructure.   3 April 2019

Insurance

Arch appoints new international CEO, reshuffles leadership

Arch Insurance has appointed Hugh Sturgess as the new CEO of Arch Insurance International, succeeding Matt Shulman who was recently named CEO of Arch Insurance North America.   21 November 2018

News

Korean Re to create Swiss subsidiary

Korean Reinsurance Company is set to establish a subsidiary in Switzerland, according to AM Best’s Jan. 16 Asia-Pacific newsletter.   16 January 2018

Insurance

China court rejects Anbang's jailed ex-chairman appeal

A Chinese court has rejected an appeal by Anbang Insurance Group’s former chairman Wu Xiaohui against a conviction for fundraising fraud and embezzlement that led to an 18-year jail sentence and confiscation of ¥10.5 billion ($1.52 billion), according to an Aug. 16 Reuters report.   17 August 2018

Insurance

Centene to buy WellCare in $17.3bn US healthcare deal

Centene Corporation and WellCare, two big players in the US government-sponsored health insurance programme, have announced that they are merging in a deal worth $17.3 billion.   28 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

Bermuda-based Lancashire Holdings' CEO Maloney ‘pleased’ with H1 2019 results despite drop in profits

Bermuda-based insurance company Lancashire Holdings’ group CEO Alex Maloney highlighted the firm’s “good new business momentum” in the first half of the year as his group reported its H1 2019 results.   25 July 2019

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

Insurance

Zurich makes $0.4bn Adira acquisition, becomes largest foreign P&C insurer in Indonesia

Zurich Insurance Group is acquiring 80 percent of PT Asuransi Adira Dinamika (Adira Insurance), a property and casualty (P&C) insurer in Indonesia, from PT Bank Danamon Indonesia and a minority investor.   27 September 2018

Insurance

Munich Re, XL, Sompo invest $20m in insurtech Slice

US-based insurtech Slice Labs, which offers cloud-based on-demand insurance, has raised an additional $20 million in Series A funding to further expand its offering on a global scale.   27 September 2018

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