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.
Specialist insurer Beazley has started a search for a new group finance director to replace Martin Bride.
Everest Re Group expects to report a charge for net reserve adjustments of approximately $250 million, after tax, for the second quarter of 2018.
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.
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 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.
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.
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.
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 Insurance, a business segment of Bermuda-based AXIS Capital Holdings, has promoted Brad Randell to head of Canada insurance and chief agent, Canada.