Articles

Insurance

Sompo partners with Munich Re, XL-backed insurtech Slice to launch on-demand insurance in Asia

Re/insurer Sompo Holdings and US-based insurtech Slice Labs have entered into a proof-of-value contract to offer a 'first-of-its-kind' on-demand insurance to the Asia Pacific region.   15 August 2019

Insurance

Arch buys insurtech managing general underwriter Ventus Risk Management

Arch Insurance North America has entered into a definitive agreement to acquire insurtech managing general underwriter (MGU) Ventus Risk Management.   15 August 2019

Insurance

McGill & Partners acquires renewal rights to certain Marsh, JLT Specialty business

London-based McGill & Partners, a specialty risk solutions company, has signed an agreement with broker Marsh and JLT Specialty to acquire certain specialty business from Marsh in London.   15 August 2019

Insurance

Todd Jones leaves Willis Towers Watson to become QBE North America CEO

Broker Willis Towers Watson has appointed Adam Garrard as new leader for the corporate risk & broking (CRB) segment, replacing Todd Jones who is joining specialist insurer QBE Insurance Group as CEO North America.   15 August 2019

Insurance

AIG snags Munich Re's Richard Olsen for top chief actuary role

American International Group (AIG) has hired Munich Re's Richard Olsen as new chief actuary, general insurance, based in New York.   15 August 2019

Insurance

M&A activity to continue as reinsurers grapple with challenging conditions, claims new report

Challenging business conditions, coupled with cheap financing in the debt market, will continue to fuel mergers and acquisitions (M&A) activity and drive consolidation in the global reinsurance market, according to a new report from Standard & Poor (S&P).   14 August 2019

Insurance

AXIS Re hires AXA XL's Gino Smith as head of property for EMEA and LatAm

AXIS Re, the reinsurance business segment of AXIS Capital Holdings, has appointed Gino Smith as head of property for Europe, the Middle East and Africa (EMEA) Latin America, effective November 2019.   14 August 2019

Insurance

Everest Insurance bolsters excess casualty group with Chubb, ex-XL Group duo

Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has added two new senior executives to its US excess casualty group, following the recent team expansions in the Midwest and West regions.   14 August 2019

Insurance

Brown & Brown buys US employee benefit firm Yozell

Broker Brown & Brown has acquired substantially all of the assets of employee benefits firm Yozell Associates in the US.   14 August 2019

Insurance

Liberty hires ex-AIG James Goodliffe to strengthen trade credit multi-buyer product line

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has appointed James Goodliffe to the role of senior underwriting officer within its financial risk solutions (FRS) multi-buyer trade credit practice.   14 August 2019

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