France draws up insurance emergency measures as hard Brexit nears
As the deadline for a no deal Brexit moves closer, the French government has published emergency measures relating to financial services and insurance, global law firm Clyde & Co has confirmed.
Fairfax appoints Peter Clarke as new chief operating officer
Canada-based Fairfax Financial Holdings, the property and casualty re/insurance conglomerate which includes OdysseyRe, Allied World and Brit, has appointed Peter Clarke as vice president and chief operating office of Fairfax.
SMEs warn no deal Brexit could hit business insurance
A no deal Brexit could create a surge in businesses with no insurance, as small and medium sized enterprises warn of cashflow problems, according to an online poll from Premium Credit, a UK finance company.
Liberty enters casualty market in Italy with Chubb hire
Liberty Specialty Markets (LSM), a part of Liberty Mutual Insurance Group, has entered the casualty market in Italy for the first time, recruiting Paolo Pitton to lead the initiative.
Howden acquires strategic stake in Malaysian broker Malene targeting Asia
Howden, the retail broking arm of Hyperion Insurance Group, is acquiring a strategic stake in Malene Insurance Brokers, a leading Malaysian independent niche broker in the energy and power sector, and a specialist in takaful insurance, which complies with Sharia law. The company is also purchasing the remaining 51 percent of shares in CIMB Howden.
M&As up 9% but uncertainty to bring lull, finds report
Mergers and acquisitions grew 9 percent in the global insurance sector in 2018 as insurers looked to increase their access to customers and innovation, and benefit from greater scale, according to a Clyde & Co report out today (Monday 11 February).
Allstate’s Wilson says personal protection growth strategy ‘working’
US insurer Allstate Corporation said its strategy to grow its personal protection market share, including the acquisition of InfoArmo, is working as it reported its 2018 year end results.
RenRe bolsters board with PepsiCo's Trudell as independent director
Bermuda-based RenaissanceRe Holdings (RenRe) has appointed Cythnia Trudell to serve as an independent director of the company, following the retirement of Edward Zore.
Lloyd's Channel Syndicate poaches active underwriter from Brit
Channel Syndicate 2015 at Lloyd’s has hired active underwriter Nick Forti from Brit syndicate 2988 as the company is looking to expand its London market profile as a specialist insurer.
Aon: severe January weather causes billion-dollar US losses
Multiple winter storms and extreme cold driven by the polar vortex in January led to a billion-dollar economic cost in the United States, according to the Aon catastrophe report.
