Articles
Insurance
Specialty managing general agent (MGA) Nexus Group has acquired Plus Risk (PRL), a London-based financial and professional lines MGA providing management liability and niche professional indemnity insurance. 29 July 2019
Alternative Risk Transfer
Hiscox has delivered profits in its results for the first six months of 2019 “despite a more challenging claims experience”, said Bronek Masojada, chief executive at the re/insurer. 29 July 2019
Insurance
Bermuda-based reinsurer PartnerRe enjoyed solid growth and improved non-life combined ratio in the second quarter of 2019. The results were driven by strong property/casualty performance and investment gains. 29 July 2019
Insurance
Investors splurged $1.41 billion on insurtech firms in the second quarter of 2019, marking the fourth consecutive occasion where investments exceeded $1.2 billion. 29 July 2019
Insurance
Lloyd's insurer and member of Argo Group, ArgoGlobal, has appointed John Moffatt to serve as active underwriter for Syndicate 1200, replacing Steve Eccles who is leaving the company immediately. 29 July 2019
Insurance
US-based independent agency Cobbs Allen has launched a specialty insurance brokerage business with the hiring of senior insurance executives Paul Sparks and Darren Sonderman. 29 July 2019
Insurance
Broker Marsh has appointed Ian Drillot as new head of office, Marsh Captive Solutions, Guernsey, succeeding Stephen Hawkes, who is returning to the UK to take up a new role developing the company's international captive solutions. 29 July 2019
Insurance
Blue Capital Reinsurance Holdings has decided to cease active operations and pursue an orderly run-off of its liabilities and in-force portfolio and return capital to shareholders as it winds up operations. 26 July 2019
Alternative Risk Transfer
Bermuda-based Arch Capital Group' US mortgage insurance operation Arch Mortgage Insurance Company (Arch MI) has confirmed a $700 million of indemnity reinsurance from special purpose reinsurer Bellemeade Re 2019-3 in an insurance-linked security (ILS) deal. 26 July 2019
Insurance
Spanish based global re/insurer Mapfre reported modest revenue and premium growth overall in its results for the first half of 2019, but its reinsurance business Mapfre Re fared less well with a nearly 30 percent drop in net profit results. 26 July 2019
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