Articles
Insurance
UK-based insurance intermediary PIB Group has acquired the Cobra group of companies, taking the amount of premium placed or influenced by PIB from £550 million to £900 million. 5 June 2019
Insurance
American International Group (AIG) has promoted David McElroy, currently president and CEO of Lexington, to president and CEO of general insurance operations in North America, taking over from Lex Baugh. 5 June 2019
Insurance
Florida-based property and casualty insurance company United Insurance Holdings (UPC) has renewed its catastrophe reinsurance programmes, taking its total limit to $4 billion. 5 June 2019
Insurance
Technology-driven risk solutions provider Sedgwick has appointed Beatriz Cabrera as director of its Brazil operations, which cover several key areas of loss adjusting, including construction, engineering, energy, liability, marine and property. 5 June 2019
Insurance
Risk managers wondering how underwriters use their data to rate and review risks—and then set their rates—were given a behind-the-scenes look at how Munich Re does it, although Airmic 2019 workshop leader James Cleaver, a corporate insurance partner at the German firm, was careful not to give away all the reinsurer’s secrets. 5 June 2019
Insurance
Insurance brokerage and risk management firm Arthur J Gallagher has acquired The Protectors Group (TPG), an Australian retail broker specialising in construction, hospitality and transport coverage for commercial and corporate clients in Greater Western Sydney. 4 June 2019
Insurance
Specialist venture capital fund Eos has partnered with broker Marsh to develop innovative insurtech solutions that will deliver 'actionable intelligence' to drive real-time risk management within the insurance marketplace. 4 June 2019
Insurance
US property/casualty (P/C) insurers are well placed to weather the landfall of a significant storm in the 2019 hurricane season despite experiencing elevated catastrophe losses in the recent years, according to Fitch Ratings. 4 June 2019
Insurance
Markel Corporation has appointed James Proferes as executive underwriting officer for global professional liability. 4 June 2019
Alternative Risk Transfer
Bermuda-based White Mountains Insurance Group has acquired a minority equity stake in Elementum Advisors, an insurance-linked securities (ILS) manager with over $4 billion of assets under management. 4 June 2019
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