Articles

Insurance

Amynta Group appoints new chief executive officer from Bank of America Merrill Lynch

Amynta Group, a group of warranty, managing general agent (MGA) and specialty risk companies, has appointed Robert Giammarco as the new chairman and chief executive officer (CEO).   25 April 2019

Insurance

Voce rejects Argo’s defence on corporate spend and publishes flight logs

Activist investor Voce Capital has hit back at Argo after the insurer published a detailed defence rejecting allegations of misuse of corporate funds and urging shareholders to ignore blue proxy ballots sent out by Voce.   24 April 2019

Insurance

Cyber security readiness ‘stalls’ as attacks intensify, finds insurer Hiscox

Global cyber security has “stalled” despite a sharp rise in attacks and soaring costs from the fall out, according to the Hiscox Cyber Readiness Report 2019.   24 April 2019

Insurance

Global reinsurance capital falls 5% in 2018, finds Willis Re

Capital earmarked for the global reinsurance industry fell by 5 percent in 2018, according to analysts at Willis Re.   23 April 2019

Insurance

AmTrust sells crop insurance MGA to Tokio Marine's ProAg

Specialty insurer Tokio Marine HCC's crop insurance unit Producers Ag Insurance Group (ProAg) has signed an agreement to acquire Leawood, Kansas-based crop insurance managing general agent (MGA) AmTrust Agriculture Insurance Services (AmTrust Ag).   23 April 2019

News

Fear of being left behind forces insurers to embrace AI: Flyreel CEO

While the insurance industry has traditionally been slow-moving and often late to embrace technology, this has changed in the past two years with most carriers now willing to explore the potential of artificial intelligence (AI) specifically as they bid to stay ahead of the curve.   18 April 2019

Insurance

Australian 2018 hailstorm insurance losses rise again to A$1.2bn, says ICA

Insurance losses from a hailstorm that hit suburban Sydney and regional communities in New South Wales on 20 December 2018 have grown to A$1.271 billion (US$915 million), the latest figures from the Insurance Council of Australia (ICA) have revealed.   18 April 2019

Insurance

AmTrust at Lloyd's and Canopius sign merger agreement

Specialty re/insurer Canopius has signed a definitive agreement to merge its Lloyd’s business with AmTrust at Lloyd’s, a division of AmTrust Financial.   18 April 2019

Insurance

SCOR grows P&C reinsurance at April 2019 renewals; expects favourable market conditions

French reinsurer SCOR grew its global property and casualty (P&C) gross written premiums by 9.6 percent at constant exchange rates at the April 2019 renewals to €548 million.   18 April 2019

News

Swiss Re chair ‘optimistic’ as shareholders back all 2019 AGM board proposals

Swiss Re shareholders approved a new public share buy-back programme worth up to $1.97 billion (CHF 2 billion) in purchase value at the reinsurer’s AGM today (17 April) in Zurich.   17 April 2019

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