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Insurance
Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has obtained formal authorisation from the local insurance authorities to operate as an insurer in Mexico. The company was registered as a 'foreign reinsurer' in Mexico since 2014. 2 March 2018
Insurance
The Ardonagh Group chief financial officer (CFO) Mark Mugge is moving out of his current role to work across the group on a series of key strategic initiatives being prioritised during 2018. 2 March 2018
Insurance
The State Farm property/casualty (P&C) group of companies reported a combined underwriting loss of $6.5 billion in 2017 on earned premium of $63.9 billion, compared to an underwriting loss of $5.5 billion on earned premium of $61.7 billion in 2016. 2 March 2018
Alternative Risk Transfer
Bermuda-based Hiscox Re Insurance Linked Strategies, the ILS asset management arm of Hiscox, has appointed Ben Fox as portfolio manager. 2 March 2018
Insurance
Insurance broker Brown & Brown is acquiring Kerxton Insurance, consisting of Kerxton Insurance Agency and Fitness Underwriters. 2 March 2018
Insurance
Stone Point Capital, the Karfunkel Family, and the CEO of AmTrust Financial Services are acquiring the insurer in a transaction valued at approximately $2.7 billion. 1 March 2018
Insurance
American International Group (AIG) has appointed Naohiro Mouri as executive vice president and chief auditor, and Donna DeMaio as global chief operating officer, general insurance. 1 March 2018
Insurance
Validus Specialty Underwriting Services has launched a new policy tailored for private US fintech companies. 1 March 2018
Insurance
Re/insurer XL Catlin has appointed Elie Hanna as head of central broker management. 1 March 2018
News
Australia’s terrorism insurance scheme administrator, Australian Reinsurance Pool Corporation, has increased the private participation in retrocession reinsurance cover at renewals for 2018. 1 March 2018
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