News
Insurance
Specialist insurer Markel International has appointed Lee Zong Wen as assistant underwriter in its trade credit and political risk team in Singapore. 25 April 2019
Insurance
Fitch Ratings has placed Sirius International Group's ratings on Rating Watch Negative, driven by a "deepening debt and liquidity crisis" at China Minsheng Investment Group Corp (CMIG), which owns approximately 80 percent of Sirius's common shares on a fully diluted economic basis. 25 April 2019
Insurance
Specialist re/insurance provider Pro Global Insurance Solutions is acquiring Vibe MGA Management, the MGA incubator business of Vibe UK, which owns Lloyd’s managing agent Vibe Syndicate Management. 25 April 2019
Insurance
Argo Seguros, the Brazilian underwriter of specialty insurance and reinsurance products and a member of Argo Group, has appointed Newton Queiroz as its new CEO. 25 April 2019
Insurance
Amynta Group, a group of warranty, managing general agent (MGA) and specialty risk companies, has appointed Robert Giammarco as the new chairman and chief executive officer (CEO). 25 April 2019
Alternative Risk Transfer
Prudential Retirement, a unit of Prudential Financial, has completed approximately $2.6 billion in previously undisclosed longevity reinsurance contracts, assuming the longevity risks of about 16,000 pensioners, ahead of Brexit. 24 April 2019
Alternative Risk Transfer
S&P has predicted “stable to gradually increasing activity” in the European property casualty run-off market in a report. 15 April 2019
Insurance
Specialty insurance group Tokio Marine HCC has sold its bail bond operations to what it calls "a prominent player in the industry" as it exits the business in the US. 10 April 2019
Alternative Risk Transfer
Spanish insurer Mapfre took some tough decisions last year—and also underperformed, according to its chief executive. Now, it wants to reap the rewards of these changes as well as its diversification to move into a new chapter, Antonio Huertas, chairman and CEO, tells Intelligent Insurer. 4 April 2019
Insurance
There has been a decrease in underwriting capacity for the downstream energy market for the first time since 2001 and the prospects for this segment look bleak after a disastrous couple of years for insurers, Willis Towers Watson has claimed in a new report. 4 April 2019
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