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Marsh/Guy Carpenter boost growth at MMC; Glaser highlights JLT deal
Insurance
Broker Marsh & McLennan Companies’ (MMC) posted growth in both its 2018 and Q4 results as the company’s CEO highlighted the importance of its recent acquisition of Jardine Lloyd Thompson.   31 January 2019
StarStone sells MGA Malakite, Zurich portfolio to Dubai MGA Elseco
Insurance
Specialty insurer StarStone, whose parent company Enstar dropped plans to pursue its sale in September, has decided to sell some of its portfolio to Dubai-based firm Elseco.   31 January 2019
The Hanover 2018 results give Roche confidence outlook
Insurance
John Roche, president and CEO at The Hanover Insurance Group, expects to “build on the positive momentum” the firm achieved in 2018, which saw major changes such as the sale of its speciality insurer Chaucer to China Re.   31 January 2019
News
French mutual insurance company Covéa has rejected all the accusations leveled by reinsurance firm SCOR as "groundless" and a "strategy to manipulate the judicial process", and reiterated its support for its chief executive Thierry Derez and his actions.   31 January 2019
News
The Federal Emergency Management Agency (FEMA) has reduced the size of its annual reinsurance placement which provides coverage for the National Flood Insurance Program (NFIP).   31 January 2019
News
Efforts by Sompo-owned Blue Capital Reinsurance Holdings to reduce volatility and improve the balance of its portfolio were scuppered by more heavy catastrophe losses in 2018 and further loss creep from events in 2017 as it posted another set of heavy losses.   31 January 2019
News
A severe global ransomware attack could cost as much as $193bn and affect more than 600,000 businesses worldwide, yet only 14 percent of this cost is insured, research has revealed.   30 January 2019
News
RenaissanceRe’s gross written premiums jumped by nearly 20 percent in 2018 – but its profits dipped mainly on the back of high levels of claims from the record-breaking wildfires in California for a second consecutive year.   30 January 2019
Insurance
WR Berkley posted positive results for 2018 despite what it called a period of elevated worldwide catastrophes, but it shrank its reinsurance unit stressing that it will “grow where it can achieve its targeted return, while de-emphasizing less attractive opportunities”.   30 January 2019
Insurance
C-Quence, a new insurtech managing general agent (MGA) with a commercial insurance trading and underwriting platform, has been launched in London.   29 January 2019

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