Allianz Global Corporate & Specialty (AGCS) has appointed Paul Schiavone as global head of its alternative risk transfer (ART) business, taking over from Bill Guffey who is leaving after 15 years to pursue opportunities outside the company.
XL Catlin’s insurance operation has appointed of Thomas Götting as country manager for Germany.
Bermuda-based specialty re/insurer Aspen is expecting significant rate increases of up to 20 percent in some business areas.
Australia-based cover holder Epsilon Underwriting Agency is forming a new accident and health division under the leadership of Tim Curling.
Specialist global insurer Hiscox has appointed Glenn Dorr as head of business development and broker relationships, North America, within its London Market business.
Tightening solvency requirements are likely to drive consolidation in the Saudi Arabian insurance market in the next few years as weaker companies merge with stronger rivals, according to a Fitch Ratings report.
The board of directors of North and Sunderland Marine has agreed that a subsidiary insurance company should be established in Ireland to underwrite all future European Economic Area (EEA) business with effect from Feb. 20, 2019.
Citizens Property Insurance Corporation posted a net loss of $944.2 million for the period between January and September 2017.
Hurricanes in North America have reduced Sompo’s consolidated net profit to ￥1.9 billion ($20 million) in the six months ended Sept. 30 (first half of Sompo’s financial year) compared to ￥43.4 billion in the same period a year ago.
MS Amlin has recorded ¥87.4 billion ($780 million) in nat cat losses including hurricanes Harvey, Irma and Maria as well as earthquakes in Mexico.