Markel CATCo, which has been conducting an internal review into its loss reserves in 2017, has parted company with two of its senior executives with immediate effect after it appears it discovered evidence of an “undisclosed personal relationship” in the course of the investigation.
Germany’s Allianz has replaced the chief financial officer (CFO) of its commercial insurance arm Allianz Global Corporate & Specialty (AGCS) along with leadership changes at other operating entities.
AlphaCat Managers, AIG's third-party reinsurance capital management and insurance-linked securities (ILS) unit, has entered into an ILS transaction with Ledger Capital Markets.
Swiss Re has appointed Archie Kane as the new non-executive chairman of the board of its UK-based closed book business ReAssure.
Bermuda specialty re/insurer Argo Group International Holdings has estimated preliminary pre-tax losses of $32 million related to 2018 fourth quarter catastrophic events, primarily driven by hurricane Michael and the California wildfires.
Sirius America, a wholly owned subsidiary of Sirius International Insurance Corporation, has entered into a strategic partnership with Franklin Madison Group, an insurance marketing firm serving financial institutions.
The Bermuda Monetary Authority (BMA) has appointed Jeremy Cox as its new executive chair for a three-year term, replacing Gerald Simons who is retiring as chair of the board.
Reinsurance broker Guy Carpenter & Company has unveiled a new global capital solutions group and several key leadership appointments, which will become effective after the closing of the JLT acquisition by its parent Marsh & McLennan Companies (MMC).
Berkshire Hathaway Specialty Insurance (BHSI) is expanding into the property construction insurance market in the UK and Ireland.
Washington is following New York in banning the sale of insurance policies branded by the National Rifle Association (NRA) while fining two companies involved in underwriting and selling them in the state.