News

Insurance

KPMG fined by UK regulator over Lloyd’s Syndicate 218 (Equity Red Star) audit

The Financial Reporting Council (FRC) has fined KPMG and some of its partners after an investigation found misconduct in relation to the audit of Lloyd’s Syndicate 2018 (Equity Red Star) and actuarial advice given to Equity Syndicate Management (ESML).   30 April 2019

Insurance

Argo extends CFO Jay Bullock's contract to 2023

Bermuda-based specialty re/insurer Argo Group International Holdings has extended the contract with its executive vice president and chief financial officer Jay Bullock until April 25, 2023.   30 April 2019

Insurance

Faraday CEO D’Arcy named Gen Re head of international property & casualty

Gen Re, a Berkshire Hathaway company, has appointed Andrew D’Arcy as the head of Gen Re international property & casualty.   30 April 2019

Insurance

Voce rejects Argo’s defence on corporate spend and publishes flight logs

Activist investor Voce Capital has hit back at Argo after the insurer published a detailed defence rejecting allegations of misuse of corporate funds and urging shareholders to ignore blue proxy ballots sent out by Voce.   24 April 2019

Insurance

Aviva's UK head Briggs departs as new CEO Tulloch overhauls top management

Aviva's director and UK insurance CEO Andy Briggs has stepped down with immediate effect after the company announced a series of changes to its senior leadership team in a bid to bring "greater energy, pace and commercial thinking".   24 April 2019

Insurance

Swiss Re Corporate Solutions appoints new Latin America CEO from Allianz

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has appointed Angelo Colombo as the new CEO of Latin America, effective from October 2019.   24 April 2019

Insurance

Lockton launches agribusiness practice in Asia Pacific with JLT hire

Broker Lockton has launched a food and agribusiness practice across Asia-Pacific with the hiring of Stephane Baldanoff as regional director.   24 April 2019

Insurance

Generali appoints Martorana as new CEO of asset management arm GIAM

Italian insurer Generali has appointed Francesco Martorana as the new chief executive officer of its asset management arm Generali Insurance Asset Management SpA (GIAM).   18 April 2019

Insurance

Lemonade raises $300m funding to fuel expansion; SoftBank, Allianz, Google Ventures among investors

AI-powered insurtech company Lemonade has secured $300 million in Series D funding round led by Japanese conglomerate SoftBank Group, with participation from Allianz, General Catalyst, GV (Google Ventures - the venture capital investment arm of Alphabet), OurCrowd, and Thrive Capital.   12 April 2019

Insurance

Chubb moves Mitchell to succeed Robinson as UK & Ireland retail division president

Property/casualty insurer Chubb has appointed Sara Mitchell as division president for the UK and Ireland retail business.   11 April 2019

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