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Insurance
US-based Markel Corporation has entered into a definitive agreement to acquire State National Companies, a specialty provider of property/casualty insurance operating in two niche markets - programmes services and lender services, for approximately $919 million. 27 July 2017
Insurance
Bermuda-based re/insurer Sompo International has appointed Victor Sordillo as senior vice president and loss control leader. 11 April 2017
Insurance
American International Group (AIG) has taken an $836m pre-tax reserve charge in commercial lines in the third quarter of 2017 that also resulted in the company increasing full-year loss estimates, surprising analysts who thought the casualty issues at the company had been addressed. 3 November 2017
News
The partnership between TransRe and Gen Re that will see the former help the latter access the broker markets in the US has been an “unqualified success” the CEO of TransRe’s parent company has stated in relation to the reinsurer’s second quarter results. 4 August 2017
Insurance
Insurance Australia Group (IAG) has renewed its catastrophe reinsurance programme for 2017 at a similar size to previous years but it has added an additional multi-year dimension to the coverage. 4 January 2017
Insurance
Insurance Australia Group (IAG) has reported a slight dip to its profits for the 1H 2016 at $610 million, compared to $693 million in 1H 2015. 18 February 2016
Insurance
Russia presents international insurers and reinsurers with many opportunities for growth and expansion. However, those looking to hitch a ride on the back of the old bear should approach it with caution. 1 October 2012
Awards
Tom Bolt, director, performance management for London’s iconic insurer Lloyd’s, swooped into first place for re/insurance leader of the year with a score of 7.39. 14 September 2014
Insurance
Mexico’s Fund for Natural Disasters (FONDEN) has returned to the insurance-linked securities (ILS) markets to secure coverage against natural catastrophes for the first time since 2012. 7 August 2017
Insurance
Insurance Australia Group (IAG) has appointed Elizabeth Bryan as its chairman, effective 31 March 2016. 18 February 2016
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