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Insurance
Argo Group posted a profit of $36.7 million in the first quarter of 2017, a 25 percent increase on the $27.7 million it made over the same period of 2016. 4 May 2017
Insurance
Property/casualty insurer Chubb has completed the integration of its key operating companies in Europe. The announcement follows the acquisition of Chubb Corporation by ACE in January 2016, creating a global insurance firm operating in 54 countries. 4 May 2017
Insurance
Lancashire Holdings enjoyed a rise in profits in the first quarter of 2017 though the company’s gross written premiums shrank significantly. 4 May 2017
Insurance
An agile and lean managing general agent (MGA) market may help insurers respond to a soft market which makes finding profitable growth a challenging quest. 3 May 2017
Insurance
In tough times, leveraging the expertise and access to risks that many managing general agents possess can be an enticing prospect for insurers, as Intelligent Insurer discovers. 3 May 2017
Insurance
Broker Willis Towers Watson has recruited Claire Simpson and Victoria Padfield within its political risk and trade credit team in London as part of a broader expansion of its financial solutions division. 3 May 2017
Insurance
Adam Szakmary, the former CEO and portfolio manager at Blue Capital Management, has joined Hiscox Insurance Company Bermuda as director of underwriting. He replaces Damien Smith, who is returning to London after six years in Bermuda to become the head of specialty for Hiscox Re. 3 May 2017
Insurance
Following the completion of its acquisition of Ironshore, property/casualty insurer Liberty Mutual has combined its existing Liberty International Underwriters (LIU) US business and Ironshore’s US specialty lines business under the Ironshore brand. 3 May 2017
Insurance
Specialist re/insurance broker BMS Group, a part of Minova Insurance, has appointed John Hoare as managing director of its specialty marine division, succeeding Tony Pryce who will remain chairman of the business. 3 May 2017
News
Bermuda-based RenaissanceRe has seen its combined ratio deteriorate in the first quarter of 2017 due to the change of the personal injury Ogden discount rate in the UK and higher personal claims. 3 May 2017
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