Articles

Insurance

Argo Surety increases single bond capacity to $100m; reshuffles key people

Provider of commercial, contract, and international surety bonds Argo Surety has unveiled an increased Treasury listing capacity that means it can consider single bonds up to $100 million.   27 August 2019

Insurance

Association of Bermuda Insurers and Reinsurers unveils key appointments

The Association of Bermuda Insurers and Reinsurers (ABIR) has appointed Wendy King as public policy and regulatory affairs analyst, and promoted Suzanne Williams-Charles, director of policy and regulation, with additional responsibilities as ABIR corporate secretary.   23 August 2019

Insurance

Allianz to acquire Brazilian insurer Sul América's auto and P&C portfolio for €667m

German insurer Allianz is acquiring the automobile and other property/casualty operations of Brazilian insurer SulAmérica for R$3 billion (€667 million), in a move it hopes will strengthen its competitive position in Latin America.   23 August 2019

Insurance

Chubb launches expanded liability solutions for middle market to help close coverage gaps

Property/casualty insurer Chubb has launched a new platform designed for middle market manufacturers as they embrace new technologies and processes to remain competitive.   23 August 2019

Insurance

Markel board approves new $300 million share buyback

The board of specialist insurer Markel has approved a new $300 million share buyback scheme to begin immediately.   23 August 2019

Insurance

Everest Insurance makes trio of hires for private company/not‐for‐profit group

Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has hired three new members for its financial lines private company/not‐for‐profit group.   23 August 2019

Insurance

Cost of settling UK motor claims soared 8.6% in 2018: Willis Towers Watson

Motor claims payout inflation in the UK surged by 8.6 percent in 2018, representing the fourth year of consecutive increases, which combine with further rises in 2019 has increased the pressure on premiums, a benchmarking study found.   23 August 2019

Insurance

Risk Strategies acquires National Insurance Consulting Group

US insurance brokerage and risk management firm Risk Strategies has expanded its presence in the Southeast US with the acquisition of National Insurance Consulting Group (NICG).   23 August 2019

Insurance

Ryan Specialty Group acquires US programme manager Suitelife

US specialty insurance services business Ryan Specialty Group (RSG) is acquiring the assets and operations of Pennsylvania-based programme manager The Suitelife.   23 August 2019

Insurance

China Pacific invests in B3i; insurance blockchain seeks expansion in new and growing markets

Blockchain insurance industry initiative B3i has added Chinese insurer China Pacific Insurance Company (CPIC) as its latest shareholder, with Li Hao joining as a member of the board.   22 August 2019

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