Bermuda-based Sirius International Insurance Group's results were negatively impacted in the second quarter and first half of 2019 due to unfavourable prior year loss reserves relating to Typhoon Jebi.
Global commercial insurance rates were up 6 percent in the second quarter 2019, marking the seventh consecutive quarter of price increases, new data from Marsh has revealed.
Most of the top 20 reinsurers have switched strategy to take advantage of the price uptick, seen during the April, June and July 2019 renewals, by increasing their exposure to catastrophe risk, a report from S&P Global has found.
Canada-based Fairfax Financial Holdings, the property and casualty re/insurance conglomerate which includes OdysseyRe, Allied World and Brit, has appointed Jennifer Allen as new chief financial officer (CFO).
Cayman Islands-based reinsurer Greenlight Capital Re's insurtech unit has made a strategic investment in Australian property insurance claims fulfilment platform Handdii.
Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has appointed Vahan Paretchan as vice president and East region leader for the risk management casualty division, which provides primary casualty solutions to customers in the large account marketplace.
Liberty Mutual Insurance saw a considerable drop in its net income in Q2 2019 from the same quarter a year earlier, as chairman and chief executive David Long highlighted “unusual volatility” caused by Typhoon Jebi and higher than expected non-catastrophe loss activity.
Specialist insurer Beazley has appointed Will Roscoe as head of its ‘smart tracker’ special purpose syndicate 5623.
UK's life and general insurer Aviva has said that the company is "considering a range of options" to enhance its Asian business as new CEO Maurice Tulloch looks to re-energise the business with a fresh growth strategy.
Third Point Re's new CEO Daniel Malloy is "pleased" with the company's performance as he highlighted improved underwriting profitability for both the second quarter and first half of 2019.