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Insurance
Malta-based legacy re/insurance acquirer DARAG Group has formed a joint venture and announced the acquisition as it plans to expand in the US.   13 August 2018
Maiden CEO steps down amidst restructuring
Insurance
Maiden Holdings is replacing the CEO and the chief financial officer amidst a restructuring of the business.   10 August 2018
AmTrust weighs on Maiden’s Q2 results
Insurance
AmTrust Financial Services, Maiden Holding’s biggest client has continued to drag the reinsurer’s performance in the second quarter of 2018 and both companies decided to reduce the notice period for termination of their quota share agreement from nine months to five months prior to July 1, 2019.   10 August 2018
News
Munich Re will target higher profits by growing its property/casualty (P&C) reinsurance business, turning around its primary insurer ERGO, taking advantage of digitisation and by cutting costs, CEO Joachim Wenning explained during the reinsurer’s second-quarter results presentation.   9 August 2018
Insurance
Specialty insurer Navigators Group has expanded gross written premiums by 10.0 percent year on year to $497.2 million in the second quarter of 2018.   9 August 2018
Insurance
Global commercial insurance prices rose in the second quarter of 2018 for the third consecutive quarter, according to Marsh.   9 August 2018
Insurance
Munich Re has reduced the reinsurance business in the second quarter of 2018 driven by the life and health (L&H) operations.   8 August 2018
News
Bermuda-based Aspen has appointed Emil Issavi, president and chief underwriting officer of Aspen Re, to lead its reinsurance business, succeeding CEO Thomas Lillelund.   8 August 2018
Insurance
S&P Global Ratings has placed the 'A-' ratings of Swiss Re ReAssure (SRRAL) on Credit Watch Negative, following the announcement by its parent Swiss Re Group that it is exploring the possibility of an initial public offering (IPO) of the UK closed-book consolidator ReAssure (not rated).   8 August 2018
Insurance
Zurich Insurance has appointed Saad Mered to CEO and chief agent of Zurich Canada.   8 August 2018

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