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AGCS hires head of energy claims from Torus

Europe30-06-2014Insurance news

Allianz Global Corporate & Specialty (AGCS) has appointed David Wilson, formerly of Torus, as global head of energy claims based in London.

China motor insurance market faces imminent risks: Moody’s

Asia Pacific30-06-2014Insurance news

The Chinese motor insurance industry faces imminent risks of further deregulation in commercial (i.e. non-mandatory) motor insurance premiums, in addition to competitive pressure.

European insurers facing ‘slow and painful death’

Europe30-06-2014Insurance news

AM Best has identified the top 10 threats or events that may have devastating effects on the financial strength of insurers or the market within which they operate.

National General buys Imperial assets

North America30-06-2014Insurance news

National General Holdings has agreed to acquire certain assets of Louisiana based personal lines insurer group Imperial Management Corporation.

Sportscover and Haverford end talks

Europe30-06-2014Insurance news

Talks regarding the sale of Sportscover’s Syndicate 3334 and SCI Capital to financial services group Haverford have ended.

Ironshore calls off Assetinsure acquisition

Asia Pacific30-06-2014Insurance news

Ironshore’s Australian subsidiary Ironshore Australia will not acquire Australia’s Assetinsure.

Everest Re deal frees up capital at Helios

Europe30-06-2014Insurance news

Helios Underwriting, which provides investors with a limited liability direct investment into the Lloyd's insurance market, has used a fully collateralised quota share reinsurance contract to release capital, allowing it to seek new opportunities.

XL launches cyber offering for Brazilian tech firms

Brazil, Latin America27-06-2014Insurance news

XL Group has launched a new cyber liability insurance product in Brazil, which includes professional indemnity coverage for technology firms operating in the country.

AmTrust buys workers’ compensation insurer

North America27-06-2014Insurance news

AmTrust Financial Services has agreed to acquire Florida-based workers’ compensation insurer OptaComp, an affiliated company of Blue Cross & Blue Shield of Florida.

RSA hires UK/Europe CEO from Zurich

Europe27-06-2014Insurance news

RSA has appointed Steve Lewis, formerly of Zurich, as chief executive officer (CEO) for the UK and Western Europe. He will join the company with effect from January 2015.

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