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Insurance
Modest core underwriting margin expansion is expected in the domestic P&C insurance industry according to Keefe, Bruyette & Woods (KBW) analysts’ newly released 2Q19 P&C Industry Results report. They have updated their domestic P&C insurance industry earnings model with ISO’s recently published 2Q19 results. 15 October 2019
Insurance
Voce Capital Management, the beneficial owner of approximately 5.4 percent of the shares of Argo Group International Holdings, has said that the ongoing Securities and Exchange Commission (SEC) investigation at Argo related to executive compensation and benefits and associated disclosure issues highlights the need for urgent changes. 15 October 2019
Insurance
The American Council of Life Insurers (ACLI) has elected its chairman, officers and board of directors at the 2019 ACLI Annual Conference. 15 October 2019
Insurance
Peter Welton has been promoted to UK Head of Energy for AXA XL Insurance. In his new role, he is responsible for developing the UK energy book and providing and designing innovative insurance and flexible solutions for energy clients. He will lead a team of underwriters in London. 15 October 2019
Insurance
The majority of insurtechs startups will fail, Starr Insurance Companies chairman and chief executive officer Maurice R ‘Hank’ Greenberg has said. 15 October 2019
Insurance
Research organisation Gartner has given the Accenture Life Insurance & Annuity Platform (ALIP) the highest score in its digital user support use case in a new report, Critical Capabilities for Life Insurance Policy Administration Systems, North America. 15 October 2019
Insurance
Shares in BP Marsh rose 6% after the specialist investor in financial services intermediary businesses, including insurance firms, reported robust results for the first half of the year. 15 October 2019
Insurance
The promised laws to implement new building safety standards, as outlined in the Queen’s Speech yesterday, have been welcomed by Douglas Barnett, director of mid-market and customer risk management at AXA Insurance. 15 October 2019
Insurance
Gérald Harlin, AXA’s group deputy CEO and group CFO, will be appointed executive chairman of AXA Investment Managers (AXA IM), effective December 1. He will implement the next phase of AXA IM’s strategy with the aim of accelerating the company’s development. Harlin will continue to report to Thomas Buberl, CEO of AXA, in this role. 15 October 2019
Insurance
Gallagher acquires Florida-based The Doyle Group and its affiliates, known as Direct To PolicyHolder
Gallagher has acquired Ponte Vedra Beach, Florida-based The Doyle Group and its affiliates, collectively doing business as Direct To PolicyHolder (DTPH). 15 October 2019
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