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Insurance
Speciality re/insurer Brit has hired the former chief underwriting officer of IFG to launch a new general liability team for Brit Global Specialty USA. 11 May 2015
Insurance
Re/insurer International General Insurance (IGI), a Dubai-based insurance group with operations in Bermuda and London, recently posted a solid set of results for the first quarter of 2015. 11 May 2015
Insurance
Global insurance rates declined in the first quarter of 2014, driven largely by a continued softening in property rates, according to Marsh’s latest Global Insurance Market Quarterly Briefing. 11 May 2015
Insurance
BB&T Insurance Holdings has agreed to increase its partnership in AmRisc, the largest catastrophe-focused Managing General Agent (MGA) in the US. In a related agreement, BB&T Corporation has agreed to sell American Coastal Insurance Company (ACIC) to certain members of the AmRisc management team. 11 May 2015
Insurance
Italian underwriting agency Marintec has entered into a strategic partnership with PartnerRe Wholesale, the specialist SME division of global reinsurer PartnerRe. 11 May 2015
News
Third Point Re reported a 26.9 percent increase in its net income which reached $50.5 million in the first quarter of 2015, compared with $39.8 million in the same period a year earlier. 8 May 2015
Insurance
Rating agency AM Best has released a new briefing which looks at the impact on the insurance industry, following the earthquake that struck Nepal on April 25, 2015. 8 May 2015
Insurance
The use of managing general agents (MGAs) has increased in response to tough market conditions and the changing business model of the re/insurance industry. Below, Intelligent Insurer profiles 50 of the leading MGAs by turnover, comparing year on year pre-tax and operating profit. 7 May 2015
Insurance
Bermuda-based Everest Re has appointed Michael Mulray as chief underwriting officer of Everest National Insurance Company and US insurance operations. 7 May 2015
Insurance
The chair of Allianz’s board, Michael Diekmann, has stepped down following the company’s annual general meeting. 7 May 2015
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