Articles
Insurance
Albert Benchimol, chief executive of AXIS Capital, will serve as the chair of the Association of Bermuda Insurers & Reinsurers (ABIR) for 2019; Marc Grandisson, CEO of Arch Capital joins as deputy chair and Kean Driscoll, CEO of Validus Reinsurance, as second deputy chair. 8 January 2019
Insurance
NAGICO Group, one of the largest privately-owned general insurance companies in the Caribbean, renewed a substantial excess of loss treaty with Swiss Re on Jan 1 – and, in a symbolic gesture, signed the deal at sea. 8 January 2019
Insurance
Argo Group US has appointed Gary Grose, Argo Group’s head of marketing and producer management, as the interim head of Colony Specialty, its excess and surplus lines carrier, following the retirement of Ron Vindivich. 8 January 2019
Insurance
CFC, a specialist insurance provider, has launched a new version of its cyber insurance product, introducing coverage for business interruption as well as expanded coverage for a variety of cybercrime activities. 8 January 2019
News
Speciality re/insurer Brit owned by Fairfax Financial Holdings has made a significant investment in Sutton Special Risk, a managing general underwriter (MGU) specialising in accident & health business, in a deal that offers Brit exposure to more business in the US and Canada. 8 January 2019
News
Specialty insurer Neon today has raised third party capital to support its second ILS transaction through its UK-based transformer vehicle (NCM Re). 8 January 2019
Insurance
HDI Global Specialty, a creation of a merger of the specialty lines activities of Hannover Re and HDI Global, has appointed its first chief executive and said it underwrote more than €1 billion in premium volume at the start of the year. 8 January 2019
Insurance
Compre, the independent legacy acquirer, has appointed Simon Hawkins as chief financial officer. 7 January 2019
Insurance
Arthur J. Gallagher & Co will acquire specialist UK insurance broker Stackhouse Poland Group in a deal expected to close in the first quarter 2019. 7 January 2019
Insurance
Private equity-backed Kingsbridge Group, a UK-based provider of specialist insurance services to contractors, freelancers and the recruitment and utilities industries, has acquired insurtech company Dinghy. 7 January 2019
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