Hamilton Insurance Group has appointed Keith Bernhard, formerly of Markel, as head of internal audit.
A mixture of higher catastrophe losses, unfavorable loss reserve development, and a decrease in net investment income in its property/casualty unit contributed to a slip in profits at American International Group (AIG) in the first quarter of 2014.
Fluctuations in the profitably of its reinsurance businesses contributed to a drop in earnings at Berkshire Hathaway’s first quarter results. Its unit Berkshire Hathaway Reinsurance Group in particular saw a severe fall in its pre-tax profits due to fluctuations in currency exchange rates and one off deals in the first quarter last year.
Cayman based reinsurer Greenlight Capital Re’s profits fell in the first quarter as it faced damaging investment losses.
Markel International, the specialist insurer, has appointed Simon Philpin, formerly of Equinox Global, as underwriter and senior risk analyst in its trade credit division.
Bermuda-based insurer Argo enjoyed solid growth and a rise in profits in the first quarter of 2014 with three of its four lines posting rises in gross written premium (GWP) during the period.
The Optimum Group’s board of directors has made a number of changes to the executive management of the group, as part of the management team’s succession planning process, which began in 2009.
Insurer QBE has appointed Malc Simpkin, formerly of Aviva, as chief information officer (CIO).He will report to Joe Gordon, chief operations officer.
Lancashire Holdings has appointed Paul Gregory as the chief executive officer of its London operation, Lancashire Insurance Company (LUK), and Hayley Johnston as chief underwriting officer.
Helios Underwriting (HUW) has agreed to acquire a limited liability member of Lloyd’s (LLV) in line with its strategy of increasing underwriting capacity through acquisition.