News

Insurance

Marsh & McLennan CEO Glaser 'excited' about growth prospects as revenue up 16% in Q2 2019 post JLT merger

Broker Marsh & McLennan's chief executive Dan Glaser is "pleased" with the company's second quarter 2019 results, which include Jardine Lloyd Thompson (JLT) for the first time.   30 July 2019

Insurance

Household insurance ‘remains unprofitable’ in Northern Australia, finds the Australian Competition and Consumer Commission

An inquiry examining Northern Australia’s insurance market has confirmed that providing household policies in the region “remains unprofitable for insurers”.   30 July 2019

Insurance

Markel appoints head of cyber in London from AIG

Specialist insurer Markel International has appointed Chris Burgess to head up its cyber team in London.   30 July 2019

Insurance

Sompo partners with VGM to insure golf courses and country clubs

Bermuda-based specialty re/insurer Sompo International Holdings has entered into a strategic partnership with VGM Insurance & Financial Solutions (VGM) to offer its insurance products to golf courses and country clubs.   30 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

Alternative Risk Transfer

Hiscox appoints Andrew Hughes to lead ILS business

Specialist insurer Hiscox has promoted Andrew Hughes to the role of managing principal for its insurance-linked securities (ILS).   23 July 2019

Insurance

HDI Global Specialty acquires Swedish MGA Svedea in expansion strategy

HDI Global Specialty SE, a joint venture of Hannover Re and HDI Global SE, has acquired alternative specialty lines managing general agent (MGA) Svedea to strengthen its position in Sweden.   23 July 2019

Insurance

Price Forbes swoops for JLT team to launch new professional liability unit

Specialist insurance broker Price Forbes, part of the Ardonagh Group of companies, has launched a new professional liability division following the hire of an experienced team that previously worked at wholesale insurance broker Lloyd & Partners, which was merged with JLT Specialty in 2015.   23 July 2019

Insurance

Phinsys and PWC unite to deliver tech tools to manage rise in regulatory demands; IFRS17

A partnership between finance automation software provider Phinsys and consultants PwC has developed technology to enable finance transformation and streamlined IFRS 17 projects.   23 July 2019

Insurance

Liberty Specialty Markets appoints Jon Rigby as first chief cyber officer

Liberty Specialty Markets (LSM) has appointed Jon Rigby to the newly created role of chief cyber officer, based in London.   23 July 2019

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