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Zurich on track to beat profit targets for 2019; posts 'best H1 result in a decade'

Europe, North America08-08-2019Insurance news, Reinsurance News

Zurich Insurance Group posted the 'best first half result in a decade' driven by underlying growth across the business and a strong underwriting performance in property & casualty. The CEO is confident that it will beat its three-year financial targets in 2019.

Hannover Re’s Henchoz says reinsurer ‘on track’ to hit €1.1bn income targets in Q2 and H1 2019 results

Europe08-08-2019Insurance news, Reinsurance News

Hannover Re results for the second quarter and first half of 2019 show reinsurer is “well on track” to hit group net income targets of €1.1 billion for the full year, said chief executive Jean-Jacques Henchoz.

Assured Guaranty to acquire asset management firm BlueMountain for $160m

Bermuda08-08-2019Insurance news, Reinsurance News

Bermuda-based Assured Guaranty has entered into an agreement to purchase all of the outstanding equity interests in BlueMountain Capital Management and its associated entities for approximately $160 million.

Third Point Re confirms Malloy as CEO; adds ex-AIG CFO to board

North America08-08-2019Insurance news, Reinsurance News, Specialty

Bermuda-based Third Point Re has affirmed Daniel Malloy as its chief executive officer (CEO) and appointed former AIG chief financial Officer Sid Sankaran to its board of directors.

IRB Brasil Re to become first Latin American stakeholder in blockchain insurance initiative B3i

Latin America08-08-2019Insurance news, Reinsurance News, Technology News

Brazil's major reinsurer IRB Brasil Re is set to acquire an 8.93 percent stake in the blockchain insurance industry initiative B3i Services for €3.5 million.

Travelers names new co-chief investment officers

UK08-08-2019Insurance news, Reinsurance News

Property/casualty insurer Travelers Companies has appointed David Rowland and Daniel Yin to executive vice president and co-chief investment officer, effective immediately.

ILS market growth second-slowest in eight years in Q2 2019: Willis Re

North America07-08-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

The insurance-linked securities (ILS) market declined year-on-year in the second quarter of 2019, making it the second-lowest Q2 for issuance by volume in the past eight years, except for 2016.

Markel hires ex-AXIS John Lecci to lead US professional errors & omissions

North America07-08-2019Insurance news, Reinsurance News, Specialty

Specialist insurer Markel Corporation has named John Lecci as senior director of professional liability. He will be heading up the New York-based US professional errors & omissions team.

New insurtech Previsico sets out to make 'big impact' with new flood prediction solution using big data

UK07-08-2019Insurance news, Reinsurance News

Previsico, an insurtech spin-out of the Loughborough University specialising in flash flood forecasting technology, is launching into the insurance sector following a seed funding round.

Beazley adds CNA, Chubb and Hartford cyber & tech underwriters in US

North America07-08-2019Insurance news, Reinsurance News, Specialty, Technology News

Specialist insurer Beazley has appointed three new underwriters from CNA, Chubb and The Hartford to its US cyber & technology team that the company claims has grown by 25 percent in the past two years.

Showing 101 to 110 of 16903 results

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