Articles

Insurance

IAG appoints Peter Horton as group general counsel

Insurance Australia Group (IAG) has appointed Peter Horton as new group general counsel.   12 August 2019

Insurance

Argo to change exec pay and cut board numbers in corporate governance refresh

Argo Group, the specialty re/insurer, has confirmed it will introduce proposals to cut the number of board directors from 13 to 11 and change the way they are elected, as well as confirming changes to executive pay.   9 August 2019

Insurance

Sompo International creates new team to tackle small business risks in US, Mexico and Asia

Bermuda-based specialty re/insurer Sompo International Holdings has formed a new team offering insurance solutions to smaller businesses in the US and Mexico, including its industry vertical and Asian interest accounts.   9 August 2019

Insurance

Landmark Underwriting hires senior professional indemnity underwriter from CNA Hardy

Specialist managing general agent (MGA) Landmark Underwriting has hired Michael Comfort as senior professional indemnity (PI) underwriter.   9 August 2019

Insurance

Commercial insurance rates see 'largest increase' in Q2 2019: Marsh

Global commercial insurance rates were up 6 percent in the second quarter 2019, marking the seventh consecutive quarter of price increases, new data from Marsh has revealed.   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

Randall & Quilter provides legacy reinsurance for Bermuda captive

Randall & Quilter Investment Holdings (R&Q) has issued a loss portfolio transfer reinsurance, covering workers’ compensation, product, auto, and general liability risks, for a Bermuda domiciled captive.   8 August 2019

Insurance

AIG’s Duperreault says ‘strong’ Q2 2019 results supported by ‘foundational changes’ at insurer

Insurer AIG reported “strong” income growth in its Q2 2019 results with its CEO pointing to the company’s 2017 decision to restructure its business into three units - operating under a General Insurance business unit, a Life and Retirement unit, and a standalone technology unit.   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

Credit ratings agency AM Best upgrades reinsurer PartnerRe on strength of balance sheet

Global credit ratings agency AM Best has upgraded PartnerRe and its operating subsidiaries to the financial strength rating (FSR) A+ (Superior) from A (Excellent), while the group’s long-term issuer credit ratings (LTICR) has improved to “aa-” from “a+”.   6 August 2019

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