News
Insurance
Insured loss estimates for the northern Queensland and Townsville flooding from 26 January to 10 February 2019 have reached A$1.217 billion ($822 million), according to Perils' third estimate published today. 12 August 2019
Insurance
Brazil's major reinsurer IRB Brasil Re is set to acquire an 8.93 percent stake in the blockchain insurance industry initiative B3i Services for €3.5 million. 8 August 2019
Insurance
Reinsurer Greenlight Re CEO Simon Burton, said “conditions are improving in multiple lines of business” as the firm reported gross written premiums (GWP) and net income increases in its 2019 second quarter results. 6 August 2019
Insurance
Property and Casualty (P&C) insurance industry firm Guidewire has appointed Mike Rosenbaum, former EVP Product at Salesforce, as chief executive. 6 August 2019
Insurance
Allianz Global Corporate & Specialty SE (AGCS) has created the post of regional head of multinational Americas and hired Ben Mitchell for the role, starting immediately. 6 August 2019
Insurance
US-based enterprise risk management agency Cobbs Allen has hired former JLT US chief revenue officer (CRO) David Payne as part of plans to expand its insurance brokerage business. 6 August 2019
Insurance
European legacy acquirer DARAG Group has signed a new portfolio transfer agreement with German re/insurer SOVAG. The legacy book comprises direct insurance and inwards reinsurance business. 5 August 2019
Insurance
Prudential Financial, through its business unit Prudential Retirement, has entered into a longevity reinsurance agreement covering UK retirees with life and pensions consolidator Phoenix Group. 5 August 2019
Insurance
Re/insurer Hudson Structured Capital Management (HSCM Bermuda) has appointed Jeff Sangster to the post of partner, chief financial officer (CFO) and head of strategy. 5 August 2019
Insurance
Insurer Allianz has appointed Heidi Shepherd to the post of commercial motor portfolio manager, responsible for the profitable growth of complete mini fleet, taxi and truck products. 5 August 2019
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