Articles

Insurance

Mapfre Global Risks hires engineering insurance expert

The German branch of Mapfre Global Risks has poached an expert in engineering insurance from Allianz Global Corporate & Specialty.   25 January 2018

Insurance

Allianz expands P&C by 2.4% in Q2

German insurance giant Allianz expanded the property/casualty (P&C) business in the second quarter while the combined ratio deteriorated.   3 August 2018

Insurance

Insurtech CoverHound attracts $58m investment from Hiscox, Chubb, MS&AD

Specialist insurer Hiscox has led a $58 million Series D funding round of insurtech CoverHound, with additional investors including Chubb, Aflac Ventures and Japan-based MS&AD.   6 February 2019

Insurance

JLT Re appoints new CEO of Asia Pacific from Aon Benfield

Reinsurance broker JLT Re has appointed Aon's chief operating officer as its Asia Pacific CEO. Jeremy Fox replaces Stuart Beatty, who is leaving the business to pursue alternative career opportunities.   16 January 2018

Insurance

Validus subsidiary AlphaCat climbs to $3.4bn in assets under management

AlphaCat, the third party reinsurance capital management subsidiary of Validus, has increased its assets under management to $3.4 billion.   11 January 2018

Insurance

Castel opens in Amsterdam for European expansion

Castel Underwriting Agencies, a managing general agent (MGA) formation platform, has opened its first branch office in Amsterdam, Netherlands to support plans to expand its operations in Europe as the UK leaves the EU.   29 May 2018

Insurance

Ed expands professional, executive risk business into Jersey

Reinsurance, wholesale and specialty broker Ed has received a license to carry out general insurance mediation business by the Jersey Financial Services Commission.   29 May 2018

Insurance

Swiss Re, SoftBank end investment negotiations

Swiss Re and SoftBank Group have agreed to end discussions about a potential minority investment of SoftBank in Swiss Re.   28 May 2018

Insurance

Maiden rating downgraded on declining balance sheet strength

Rating agency AM Best has downgraded Maiden’s rating outlook due to “a decline in balance sheet strength and the potential that continuation of recent underwriting and operating trends could lead to negative action on the rating”.   5 March 2018

Insurance

JLT Re ropes in Chaucer treaty underwriter in Miami

JLT Re has appointed Ariel Hernandez as senior vice president in Miami. Hernandez joins from the Chaucer Syndicates of The Hanover Insurance Group, where he was a treaty underwriter.   5 March 2018

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