Articles

Insurance

Liberty Mutual buys AmTrust's global surety, credit reinsurance business

Liberty Mutual Insurance is to acquire the global surety and credit reinsurance operations of AmTrust Financial Services in a move it hopes will support its "goal of becoming a top three global commercial re/insurer".   16 April 2019

Insurance

PartnerRe appoints AXIS Re's Jonathan Colello as Americas P&C CEO

Reinsurer PartnerRe has hired AXIS Re's Jonathan Colello as CEO of property and casualty (P&C) Americas, and president of Partner Reinsurance Company of the US.   16 April 2019

Insurance

London market needs to invest in workforce to see digital transformation thrive

The insurance workforce needs to evolve to work effectively with new technologies as the London market embraces modernisation and transformation initiatives, suggests a new report by PwC and the Lloyd's Market Association (LMA).   15 April 2019

Insurance

China's Anbang sells Belgian insurer Fidea to Baloise Group for €480m

Swiss insurer Baloise Group is acquiring Belgian multi-sector insurer Fidea NV from the Chinese Anbang Insurance Group for €480 million.   15 April 2019

Insurance

Lemonade raises $300m funding to fuel expansion; SoftBank, Allianz, Google Ventures among investors

AI-powered insurtech company Lemonade has secured $300 million in Series D funding round led by Japanese conglomerate SoftBank Group, with participation from Allianz, General Catalyst, GV (Google Ventures - the venture capital investment arm of Alphabet), OurCrowd, and Thrive Capital.   12 April 2019

Insurance

TransRe merges North America and LatAm units; reshuffles leadership roles

TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, is to merge its North America and Latin America divisions into TransRe Americas as part of its leadership transition.   12 April 2019

Insurance

Italy's Generali to invest €1bn in new asset management company ThreeSixty Investments

Italian insurer Generali Group is creating a new asset management company, called ThreeSixty Investments, with an investment of €1 billion in the first fund as strategic capital.   11 April 2019

Insurance

Chubb moves Mitchell to succeed Robinson as UK & Ireland retail division president

Property/casualty insurer Chubb has appointed Sara Mitchell as division president for the UK and Ireland retail business.   11 April 2019

Insurance

McLarens to launch new agriculture division as it refocuses growth strategy

McLarens, a global loss adjuster specialising in complex, commercial and niche markets, is planning to launch a new agriculture division as it looks to refocus on the sector and align it strategically with its wider UK operation.   10 April 2019

Insurance

Beazley appoints former Direct Line CFO and Microsoft UK COO to enhance board's skills

Specialty insurer Beazley has appointed Nicola Hodson and John Reizenstein as non-executive directors as it looks to "enhance the board's skills" in the areas of technology, data and operations.   10 April 2019

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