Argo appoints new leader for Italian specialty unit
Bermuda-based specialty re/insurer Argo Group International Holdings, has appointed Giovanni Tucci as managing director of Ariscom, an Italian specialty insurer recently acquired by Argo Group.
Traditional reinsurance sector remained profitable in 2017
The traditional reinsurance sector as a whole continued to make money in 2017 with net income across a group of 21 major reinsurers at $4.0 billion, according to the most recent Aon Benfield Aggregate (ABA).
Marsh appoints new UK & Ireland CEO as Weil departs for PE firm
Insurance broker Marsh has named Chris Lay as new CEO of its UK & Ireland region, succeeding Mark Weil who is leaving Marsh to take up a senior role in the private equity sector.
AIG poaches XL Catlin's global head of claims Vidovich
American International Group (AIG) has appointed XL Catlin's Anthony Vidovich as chief claims officer, general insurance.
VIG Re plans Asia, Europe expansion, says chairman
VIG Re wants to expand in continental Europe as well as Asia, according to Karl Fink, chairman of the supervisory board of VIG Re.
Insurers refocus strategy to reduce capital intensity
Strategically, insurers are reducing the capital intensity of the business by focussing on health, protection, unit-linked, asset management and short-tail property/casualty (P&C) lines, according to Morgan Stanley.
AM Best warns over cyber challenge for insurers
Cyber risk assessment and mitigation should be a top priority for insurers in their enterprise risk management (ERM) efforts, according to AM Best.
Alliant acquires New York insurance brokerage Crystal & Company
Alliant Insurance Services, a specialty insurance brokerage firm, has entered into a definitive agreement to acquire New York-based Crystal & Company.
Marsh unveils digital labs in insurtech push
Global insurance broking and risk management firm Marsh has launched Marsh Digital Labs to develop next-generation insurance products and distribution channels.
AXA backs insurtech for pay-by-mile car insurance in UK
The UK unit of French insurance giant AXA has partnered with pay-by-mile insurtech startup By Miles, which is launching a product aimed at motorists that drive infrequently – typically under 7,000 miles a year.
