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Insurance

Typhoon Lekima insured losses in China estimated to exceed $855m: AIR Worldwide

Insured losses from Typhoon Lekima that ravaged parts of China this weekend is expected to exceed CNY 6 billion ($855 million), according to catastrophe risk modelling firm AIR Worldwide.   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

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

article

Lloyd's broker Tysers expands into Bermuda with Richard Tomkins at helm; move part of strategic growth plan

UK-based Lloyd's broker Tysers, part of Integro Insurance Brokers, has launched a hub in Bermuda under the leadership of Richard Tomkins, in a move aimed at expanding its global footprint and capitalising on the attractive market opportunities available on the island.   14 August 2019

Insurance

Concord Specialty boosts reps and warranty practice with new hire

Concord Specialty Risk, a transactional risk insurance and loss mitigation specialist which is a series of RSG Underwriting Managers, has appointed Ilan Peress as vice president, representations and warranty insurance underwriter.   13 August 2019

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