Articles
Insurance
Broker Arthur J Gallagher has acquired a 40 percent equity stake in Indonesian insurance broker and risk management services provider PT IBS Insurance Broking Service, as well as 100 percent of reinsurance broker IBS Re Singapore. 3 December 2018
Insurance
Extratropical cyclone “Burglind”, also known as “Eleanor” caused insurers property losses of €643 million, according to estimates by insurance data provider PERILS. 13 February 2018
Insurance
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
Dutch EXIN Group has settled all pending litigation and disputes with US investor Calamos Family Partners. 26 June 2018
Insurance
Fosun International vice president Li Tao has been appointed as chairman of the board of directors of Hong Kong-based Peak Reinsurance Company. 15 August 2018
Insurance
Insurance Australia Group (IAG) has increased insurance profit by 10.8 percent year on year to A$1.41 billion ($1.02 billion) in its 2018 financial year on lower expenses. 15 August 2018
Insurance
Tokio Marine Holdings has made a strategic investment in German insurtech firm Simplesurance (SISU) through its wholly owned subsidiary, Tokio Marine & Nichido Fire Insurance. 2 October 2018
Insurance
Cayman-based property/casualty reinsurer Oxbridge Re effectively stopped writing business in the first quarter of 2019 as it grappled with the events of the previous hurricane season, when it suffered limit losses on all reinsurance contracts – but its CEO said he is optimistic about the future of the business. 15 May 2019
Insurance
Zurich Insurance has appointed Saad Mered to CEO and chief agent of Zurich Canada. 8 August 2018
Insurance
Bermuda-based underwriter of specialty insurance and reinsurance Argo Group International Holdings has appointed Thomas Bradley to its board of directors. 7 August 2018
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