Articles

Insurance

Argo CEO Watson says 2019 Q2 / H1 results show ‘strong shareholder value creation’

Argo Group’s 2019 second quarter and half year results deliver “strong shareholder value creation” despite some claims volatility in the second quarter of 2018, said CEO Mark E Watson III.   6 August 2019

Insurance

Credit ratings agency AM Best upgrades reinsurer PartnerRe on strength of balance sheet

Global credit ratings agency AM Best has upgraded PartnerRe and its operating subsidiaries to the financial strength rating (FSR) A+ (Superior) from A (Excellent), while the group’s long-term issuer credit ratings (LTICR) has improved to “aa-” from “a+”.   6 August 2019

Reinsurance

Hannover Re: picking the opportune moment

Michael Pickel, CEO of Hannover Re’s German reinsurance subsidiary E&S Rückversicherung, talks rates, insurtech and Lloyd’s of London, with Intelligent Insurer.   5 August 2019

Insurance

New Bermuda reinsurer 777 Re sets up on island; discloses first $307m annuity deal

777 Re, a newly formed Bermuda-based reinsurance company, has completed a $307 million annuity block reinsurance transaction with an undisclosed US-based insurance company.   5 August 2019

Insurance

DARAG strikes legacy portfolio transfer deal with German re/insurer SOVAG

European legacy acquirer DARAG Group has signed a new portfolio transfer agreement with German re/insurer SOVAG. The legacy book comprises direct insurance and inwards reinsurance business.   5 August 2019

Insurance

Prudential strikes longevity reinsurance deal with Phoenix Group

Prudential Financial, through its business unit Prudential Retirement, has entered into a longevity reinsurance agreement covering UK retirees with life and pensions consolidator Phoenix Group.   5 August 2019

Insurance

Hudson Structured Capital Management hires former Validus CFO Jeff Sangster

Re/insurer Hudson Structured Capital Management (HSCM Bermuda) has appointed Jeff Sangster to the post of partner, chief financial officer (CFO) and head of strategy.   5 August 2019

Insurance

Allianz appoints Heidi Shepherd as commercial motor portfolio manager

Insurer Allianz has appointed Heidi Shepherd to the post of commercial motor portfolio manager, responsible for the profitable growth of complete mini fleet, taxi and truck products.   5 August 2019

Insurance

Ed hires Brit Singapore CEO David Lim for Asia Pacific expansion

London-based reinsurance, wholesale and specialty broker Ed has appointed David Lim as CEO of retail, Singapore and head of marine, Asia Pacific.   5 August 2019

Insurance

Berkshire Hathaway reinsurance reports significant losses in Q2 and H1 2019 results

Total net earnings for Berkshire Hathaway Inc were up in the second quarter of 2019 and in the half year compared to 2018 but the firm’s reinsurance group reported significant pre-tax underwriting losses.   5 August 2019

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