News
Insurance
Mutual marine liability insurer North P&I has received authorisation from the Central Bank of Ireland (CBI) to operate from Ireland, allowing it to implement its Brexit contingency plan. 22 January 2019
Insurance
AXA Venture Partners (AVP), the venture capital arm of insurer AXA, has raised $150 million for a new early-stage fund that will invest technology companies mainly focused on the insurance sector. 22 January 2019
Insurance
European legacy acquirer DARAG Group has purchased a portfolio of Italian non-life business, consisting primarily of motor third party liability from DONAU Versicherung. 22 January 2019
Insurance
Allianz Global Corporate & Specialty (AGCS), Allianz group's specialist corporate insurer, has launched a new reinsurance branch in India to capitalise on opportunities in what it calls one of the fastest emerging re/insurance markets, while expanding its business in Asia Pacific. 21 January 2019
Insurance
Germany’s Allianz has replaced the chief financial officer (CFO) of its commercial insurance arm Allianz Global Corporate & Specialty (AGCS) along with leadership changes at other operating entities. 18 January 2019
Insurance
Swiss Re has appointed Archie Kane as the new non-executive chairman of the board of its UK-based closed book business ReAssure. 18 January 2019
Insurance
Bermuda specialty re/insurer Argo Group International Holdings has estimated preliminary pre-tax losses of $32 million related to 2018 fourth quarter catastrophic events, primarily driven by hurricane Michael and the California wildfires. 18 January 2019
Insurance
Sirius America, a wholly owned subsidiary of Sirius International Insurance Corporation, has entered into a strategic partnership with Franklin Madison Group, an insurance marketing firm serving financial institutions. 18 January 2019
Insurance
The Bermuda Monetary Authority (BMA) has appointed Jeremy Cox as its new executive chair for a three-year term, replacing Gerald Simons who is retiring as chair of the board. 18 January 2019
Insurance
Private US property/casualty insurers reported a $4.7 billion net underwriting gain in the first nine-months of 2018, a sharp turnaround from a $21.0 billion net underwriting loss a year earlier, according to data by Verisk unit ISO and the American Property Casualty Insurance Association (APCI). 17 January 2019
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