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Mapfre restructures corporate solutions unit, closes German business

Europe, Germany, Spain20-07-2018Capital Management News, Insurance news, Reinsurance News

Spain’s re/insurer Mapfre is reorganising its global risks business in an attempt to increase its management and business capacity for the corporate solutions business while bringing greater financial stability and efficiency to the group.

Beazley seeks CFO as Bride leaves

London, UK20-07-2018Insurance news, Specialty

Specialist insurer Beazley has started a search for a new group finance director to replace Martin Bride.

Everest Re warns over $250m Q2 reserve charge

Bermuda, North America20-07-2018Insurance news, Property cat, Reinsurance News

Everest Re Group expects to report a charge for net reserve adjustments of approximately $250 million, after tax, for the second quarter of 2018.

Beazley H1 results hit by property reserves

London, UK20-07-2018Insurance news, Property cat, Specialty

Specialist insurer Beazley’s first half 2018 profits were dampened by reserve strengthening in the property division as well as a “much lower” investment return than the same period in 2017, according to CEO Andrew Horton.

AGCS appoints RSA exec as regional market head

Europe, London, UK20-07-2018Insurance news, Specialty

Allianz Global Corporate & Specialty (AGCS) has appointed Jen Rex to the role of head of market management for its regional unit London (RUL), which includes UK, Ireland, Nordic Region, Dubai, and Russia.

Beazley records 3% rate increase in H1

London, UK20-07-2018Insurance news, Property cat, Reinsurance News, Specialty

Beazley saw rates overall rise by 3 percent in the first half of 2018 with the property business benefitting most with prices going up by 10 percent, according to CEO Andrew Horton.

Drought in Europe hits agricultural production

Europe20-07-2018Insurance news, Reinsurance News

Persistent drought and high temperatures that impacted Northern Europe will likely result in significant losses for local agricultural production, according to the latest Aon Benfield Weekly Cat Report.

Higher cat losses dent Travelers Q2 results

North America19-07-2018Casualty, Insurance news, Property cat

Property/casualty insurer Travelers saw catastrophe losses rise by $85 million pre-tax year on year to $488 million in the second quarter of 2018, impacting the results in the quarter.

Brit taps XL, MS Amlin for newly launched Sussex Re

Bermuda19-07-2018Insurance news, Reinsurance News

Specialty re/insurer Brit has hired XL Group and MS Amlin senior executives for its newly launched Bermuda-domiciled collateralised reinsurance platform, Sussex Capital.

AXIS appoints Canada insurance head

Canada19-07-2018Insurance news

AXIS Insurance, a business segment of Bermuda-based AXIS Capital Holdings, has promoted Brad Randell to head of Canada insurance and chief agent, Canada.

Showing 1 to 10 of 13985 results

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