Articles

Insurance

Cobbs Allen unveils new specialty brokerage CAC to serve corporate and private equity clients

US-based enterprise risk management agency Cobbs Allen has formed a new specialty insurance brokerage and investment banking platform to serve corporates and private equity clients. The company believes that current consolidation in the marketplace has created a need for an independent platform with scalability and the ability to move quickly and nimbly.   16 August 2019

Insurance

Brown & Brown acquires Kerxton Insurance

Insurance broker Brown & Brown is acquiring Kerxton Insurance, consisting of Kerxton Insurance Agency and Fitness Underwriters.   2 March 2018

Insurance

AXIS appoints Kelly as head of ceded reinsurance

AXIS Capital Holdings has appointed Anne Kelly as global head of ceded reinsurance, effective Sept. 4, 2018.   13 August 2018

Insurance

Plug and Play invests in AI insurtech startup Betterview

Silicon Valley-based Venture capital firm Plug and Play Ventures has invested in California-based artificial intelligence (AI) startup Betterview.   20 November 2018

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

Zurich reveals new Canada CEO, chief agent

Zurich Insurance has appointed Saad Mered to CEO and chief agent of Zurich Canada.   8 August 2018

Insurance

RLI COO misses volcano reinsurance offer

US specialty insurer RLI Corporation was impacted by a $5.5 million net decrease to underwriting income in the second quarter due to volcanic activity in Hawaii, and chief operating officer Craig Kliethermes explained during the results conference call that there is no reinsurance cover available for such catastrophe events.   23 July 2018

Alternative Risk Transfer

Hiscox expands ILS team

Bermuda-based Hiscox Re Insurance Linked Strategies, the ILS asset management arm of Hiscox, has appointed Ben Fox as portfolio manager.   2 March 2018

Insurance

Draycott to replace Hearn as Ed CEO

Reinsurance, wholesale and specialty broker Ed has appointed Andrew Draycott as CEO-designate of Ed Broking in London.   10 December 2018

Insurance

Zurich tackles commercial operations in North America

Zurich Insurance Group wants to improve the performance of its commercial insurance business in North America in order to lower the combined ratio of its overall operations in the region.   5 December 2018

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