News
Insurance
After selling the claims business of Direct Group for £36 million earlier this month, UK intermediary Ardonagh Group has revealed that it is selling its commercial managing general agency (MGA) businesses to Arch UK Holdings for up to £31 million. 1 November 2018
Insurance
The deal value of global insurance mergers and acquisitions (M&A) surged to €37 billion in the first six months of 2018, with many mega deals pushing the value to its highest first-half total since the financial crisis. 31 October 2018
Insurance
Dutch insurer NN Group saw a major net result loss in its full year results but Lard Friese, NN Group’s CEO, pointed to a positive operating result in a year that saw the integration of Delta Lloyd and a major cost reduction program. 14 February 2019
Insurance
Zurich Insurance Group has co-led a €15 million funding round with Finch Capital in European insurtech firm Digital Insurance Group (DIG) to further drive its growth. 13 June 2018
Insurance
Liberty Mutual Insurance has appointed Matt Waters to lead its national insurance specialty unit as chief underwriting officer and senior vice president. 13 June 2018
Insurance
US insurance broker BB&T has rebranded its BB&T Insurance Services retail broker as McGriff Insurance Services. 13 June 2018
Insurance
Specialist re/insurance market Lloyd’s of London has revealed that it will write facultative reinsurance and non-proportional excess of loss (XoL) treaty reinsurance on Lloyd’s Brussels paper from 1st January 2019 across all markets in the EEA. 30 October 2018
Insurance
Swiss Re said on Oct. 20 that it estimates combined losses from the hurricanes Harvey, Irma and Maria and the earthquakes in Mexico in the third quarter of 2017 to be approximately $3.6 billion, net of retrocession and before tax. 20 October 2017
Insurance
AXIS Re plans to fundamentally change its offering by becoming more client-focused, offering bespoke, structured, reinsurance deals and expanding its footprint in Asia. By doing this, and making other changes, it is targeting becoming a top 10 reinsurer, Steve Arora, chief executive of AXIS Re, told Monte Carlo Today. 11 September 2018
Insurance
Allianz Group has appointed replacements for regional head of specialty lines in North America John Barnwell who is retiring after more than 20 years with the company. 15 December 2017
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