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.
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).
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.
American International Group (AIG) has appointed XL Catlin's Anthony Vidovich as chief claims officer, general insurance.
VIG Re wants to expand in continental Europe as well as Asia, according to Karl Fink, chairman of the supervisory board of VIG Re.
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.
Cyber risk assessment and mitigation should be a top priority for insurers in their enterprise risk management (ERM) efforts, according to AM Best.
Alliant Insurance Services, a specialty insurance brokerage firm, has entered into a definitive agreement to acquire New York-based Crystal & Company.
Global insurance broking and risk management firm Marsh has launched Marsh Digital Labs to develop next-generation insurance products and distribution channels.
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.