News

Insurance

Arthur J Gallagher lauds ‘outstanding’ Q2 2019 results plus growth in H1 of the same year

Broker Arthur J Gallagher saw “outstanding” results in the second quarter of 2019, while its half year figures, also ending June 30 2019, showed healthy growth in its brokerage segment.   29 July 2019

Insurance

AXA XL bolsters London reinsurance leadership with Hiscox, Greenlight hires

Re/insurer AXA XL has made three key appointments to its London reinsurance team from Hiscox and Greenlight.   29 July 2019

Insurance

Nexus acquires London-based financial and professional lines MGA Plus Risk

Specialty managing general agent (MGA) Nexus Group has acquired Plus Risk (PRL), a London-based financial and professional lines MGA providing management liability and niche professional indemnity insurance.   29 July 2019

Insurance

Mapfre Re reports almost 30% drop in profits in group H1 2019 results

Spanish based global re/insurer Mapfre reported modest revenue and premium growth overall in its results for the first half of 2019, but its reinsurance business Mapfre Re fared less well with a nearly 30 percent drop in net profit results.   26 July 2019

Insurance

Markel to wind down CatCo Re, launch new retrocessional ILS platform

Specialty insurer Markel Corporation intends to establish a new retrocessional insurance linked securities (ILS) fund platform ahead of the 2020 renewal period in Bermuda, comprised of a reinsurance company, fund entity and investment manager.   26 July 2019

Insurance

RGA elects Hamilton chief Pina Albo; says diversity a 'key priority' for board

Reinsurance Group of America (RGA) has appointed Hamilton CEO Pina Albo to its board of directors, increasing the female representation on its board to 38 percent.   26 July 2019

Insurance

Tokio Marine expands into Mexico with new subsidiary targeting surety market

Specialty insurance group Tokio Marine HCC has formed a new Mexican subsidiary to further expand its international surety operations.   26 July 2019

Insurance

AXA XL partners with insurtech MGU Vindati on Ocean Cargo insurance for SMEs

Insurer AXA XL has partnered with insurtech managing general underwriter (MGU) Vindati to offer Ocean Cargo insurance for small and middle-sized businesses in the US.   26 July 2019

Insurance

RSA appoints Christian Coletta to lead Spanish business

RSA Insurance Group has appointed Christian Coletta as new managing director of its Spanish business with immediate effect.   26 July 2019

Insurance

ABI: ‘long term test’ for Prime Minister Boris Johnson will be to maintain UK insurance powerhouse

As Boris Johnson was confirmed as the new British Prime Minister, after Conservative party members chose their leader yesterday, many commentators pointed to the immense challenges he has ahead, not least his wafer thin majority in Parliament.   24 July 2019

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