Articles

Insurance

Chubb charts rise in investor lawsuits in US and questions merit

The number of securities class action lawsuits has more than doubled in the past four years, but according to insurer Chubb, the beneficiaries of the payouts are not “harmed investors” but instead its lawyers bringing cases of “dubious merit”.   11 June 2019

Insurance

RSA reshuffles Middle East leadership; appoints CEOs Martin Rueegg and Praveen Kumar

RSA has hired Martin Rueegg from AXA to be its new chief executive (CEO) of the Middle East and UAE, replacing Lloyd East who will move to RSA’s Canadian operation Johnson to become vice president of strategic operations and chief operating officer (COO). Rueegg will take up his new post in September.   22 July 2019

Insurance

Schinnerer Group snaps up Lloyd's property MGA ICAT

The Schinnerer Group, underwriting managers of specialty insurance programmes, has entered into an agreement to acquire US-based International Catastrophe Insurance Managers (ICAT), an underwriter at Lloyd's, from the Paraline Group.   11 August 2017

Insurance

Century Underwriting gains Lloyd’s coverholder status

Century Underwriting, the specialist commercial managing general agent (MGA) has been granted Lloyd’s coverholder status; an important development in the firm’s five year diversification plan to become a multi specialist lines MGA.   1 February 2016

Insurance

Territory Insurance Office chooses Allianz

Allianz Australia has been selected to purchase the general insurance business of the Territory Insurance Office (TIO).   24 November 2014

Insurance

AM RE: bringing its unique skillset to the cyber space

The firm’s new cyber offering is underpinned by astute risk selection and multifaceted client support.   21 April 2021

Insurance

Growth in the global economy to slow to 3.1 percent

MAPFRE Economic Research predicts faster growth returning in 2021.   31 January 2020

Insurance

$9.8bn AIG deal and insurance losses weigh on Berkshire’s Q1 results

A $9.8 billion reinsurance deal with AIG and the UK’s Ogden discount rate change weighed on Berkshire Hathaway’s first quarter results.   8 May 2017

Insurance

Willis Towers Watson swoops on Marsh financial institutions trio for Canada expansion

Broker Willis Towers Watson has recruited three senior executives from Marsh & McLennan to lead its expansion into the Canadian financial institutions (FI) market.   18 July 2019

Insurance

Property-casualty premiums rise sharply at Munich Re

‘We now expect to surpass our initial profit and revenue targets overall for 2019’.   7 November 2019

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