Articles

Insurance

Insured catastrophe losses at $19bn in H1 2019; Swiss Re highlights protection gap in emerging countries

Insured losses from global catastrophe events were estimated at $19 billion in the first half of 2019, mainly driven by secondary perils such as thunderstorms and flooding events, according to the new Swiss Re sigma report.   15 August 2019

Insurance

Talanx raises 2019 profit forecast as H1 benefits from €50m 'extraordinary income' despite large losses

German re/insurer Talanx Group, the parent company of Hannover Re and HDI, has raised its full-year 2019 profit forecast on the back of "strong business performance" and an "extraordinary income" in the first half of the year that also saw an improvement in the industrial lines division. However, its underwriting results further declined in the second quarter of 2019 due to Typhoon Jebi loss creep.   12 August 2019

Insurance

Lockton hires Aon's William Barber to lead global healthcare liability offering

Re/insurance broker Lockton has hired William Barber to lead its international healthcare strategy, which forms part of its professional and financial services offering.   12 August 2019

Insurance

Dutch insurer Aegon appoints NN Group's Friese to succeed Wynaendts as CEO

Dutch insurance group Aegon has appointed NN Group's Lard Friese as chief executive officer (CEO), succeeding Alex Wynaendts at the company's Annual General Meeting to be held on May 15, 2020.   12 August 2019

Insurance

Specialty Program Group acquires New York-based MGA The Mechanic Group

New Jersey-based Specialty Program Group (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired specialty insurance programme manager The Mechanic Group.   12 August 2019

Insurance

CIC Services launches new property/casualty reinsurance pool Knox Re

CIC Services, a risk management and consulting firm specialising in the formation and operation of captive insurance companies, has launched a new reinsurance pool for property and casualty (P&C) coverages.   12 August 2019

Insurance

IAG appoints Peter Horton as group general counsel

Insurance Australia Group (IAG) has appointed Peter Horton as new group general counsel.   12 August 2019

Insurance

Brown & Brown acquires US broker WBR Insurance

Broker Brown & Brown has has acquired substantially all of the assets of Virginia-based independent insurance broker WBR Insurance, which operated until recently as part of Nationwide Mutual Insurance Company’s exclusive distribution model.   9 August 2019

Insurance

Gallagher Bassett acquires Adjusting Associates for UK expansion

Risk management firm Gallagher Bassett (GB) is acquiring the assets of loss adjusting and claims management firm Adjusting Associates to further expand its size and offerings in the UK.   5 August 2019

Insurance

Gallagher acquires P&C broker Gillis, Ellis & Baker

Broker Arthur J Gallagher has acquired US-based commercial retail property/casualty broker Gillis, Ellis & Baker.   31 July 2019

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