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Insurance
Tokio Marine appoints new CEO of ProAg following transition
Tokio Marine HCC's crop insurance unit Producers Ag Insurance Group (ProAg) has announced that its president and CEO Michael Connealy will transition to chairman of the board, with effect from June 30, 2017 until his retirement in the second quarter of 2018.   2 May 2017
Insurance
Fidelis attracts Hiscox Re exec to establish MGA partnership with Nexus
Bermuda-based specialty re/insurance provider Fidelis Insurance is expanding its niche specialty offerings by sponsoring Rob Ashton in his aspirations to establish an MGA (managing general agent) in partnership with Nexus.   2 May 2017
Insurance
AIG wraps-up Japan life business sale to FWD Group
American International Group (AIG) has completed the sale of its Japan life insurance business, AIG Fuji Life Insurance (AFLI), to FWD Group, the insurance segment of Pacific Century Group.   2 May 2017
Insurance
Revenues up by 4% at Guy Carpenter in Q1
Revenues at reinsurance broker Guy Carpenter increase by 4 percent in the first quarter of 2017 reaching $385 million, according to results released by its parent Marsh & McLennan Companies.   28 April 2017
Insurance
Profits soar at The Hartford despite high cat losses
Profits at US insurer The Hartford soared in the first quarter of the year largely driven by a reduction in net realized capital losses though this was partially offset by higher catastrophe losses. The company also enjoyed steady growth.   28 April 2017
Insurance
Brokerage drives growth at Arthur J Gallagher
Arthur J Gallagher enjoyed solid growth in the first quarter of 2017 driven largely by its brokerage segment.   28 April 2017
News
SCOR Q1 net income falls due to Ogden rate change
French reinsurer SCOR has seen its net income drop in the first quarter of 2017 as the company had to accommodate the UK’s personal injury Ogden discount rate change.   27 April 2017
Insurance
Q1 profits soar at Chubb driven by P/C unit
Chubb enjoyed a very profitable first quarter and strong growth aided by underwriting income generated by the property/casualty business leading to substantial underwriting income and improved investment returns.   26 April 2017
Insurance
Mortgage business drives growth at Arch in Q1
Arch Capital Group enjoyed improved profits and strong growth in the first quarter of 2017 mainly driven by the strong performance of its growing mortgage business. Its reinsurance unit shrank slightly.   26 April 2017
Insurance
ArgoGlobal hires yacht underwriter from Endurance
ArgoGlobal, a Lloyd’s insurer and member of Argo Group, has appointed Karen Montellier as yacht underwriter. He will report to hull and yacht class underwriter Michael Thompson.   26 April 2017

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