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Insurance

ICA expects Townsville flood claims to exceed $45 million

Current insurance losses for the Townsville floods in Australia are valued at $45 million, from 3,500 claims, however, the Insurance Council of Australia (ICA) expects these figures to rise as people begin to return home to assess the damage.   5 February 2019

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Munich Re America revamps leadership team in innovation push

Munich Re America, Munich Re's US property and casualty reinsurance subsidiary, has revealed several newly created senior positions and the realignment of its executive leadership team for its reinsurance division.   5 February 2019

Insurance

Enstar strikes £840m legacy reinsurance deal with AXIS-Novae

Bermuda-based Enstar Group, through its Lloyd’s managing agency StarStone Underwriting, has finalised a reinsurance-to-close transaction with AXIS Managing Agency for Novae's £840 million legacy business portfolio, according to a Jan. 29 press release.   29 January 2018

Insurance

Broker Brightside appoints new COO from Swinton Group

UK broker Brightside Group has appointed Richard Beaven as group chief operating officer (COO), reporting to group CEO Brendan McCafferty.   24 April 2019

Insurance

Ryan Specialty acquires US specialty intermediary

Ryan Specialty Group (RSG) has reached a definitive agreement to acquire the assets and operations of New Jersey-based specialty intermediary New Day Underwriting Managers.   22 February 2018

Insurance

Reinsurance and mortgage business boost Arch Capital's Q2 2019 results

Growth in reinsurance and mortgage operations drove underwriting profits and improved combined ratio at Bermuda-based Arch Capital Group in the second quarter of 2019.   30 July 2019

Insurance

Everest Re Group’s Addesso hails ‘outstanding’ Q2 2019 results with growth in premiums and income in H1 2019

Everest Re Group’s CEO praised the firm’s “outstanding result” in the second quarter of 2019 as it reported growth in written premiums and net income in its results for Q2 2019 and the first six months of the year.   30 July 2019

Insurance

AXA adds Brexit cover to management liability product

French insurer AXA has upgraded its management liability product to include Brexit cover.   13 November 2018

Insurance

Price Forbes appoints MD of international non-marine

Specialist insurance broker Price Forbes & Partners has appointed Greg Ferguson as managing director of its international, non-marine division.   23 October 2015

Insurance

AM RE relocates to Texas, plans E&S carrier launch in 2021

The business writes specialty quota share reinsurance matching US cedants with Asian security.   12 October 2020

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