News

News

Hannover Re CEO steps down, is replaced by Swiss Re's Henchoz

Hannover Re’s CEO Ulrich Wallin is stepping down and retiring in May 2019 after more than 35 years at the reinsurer. He will be replaced by Swiss Re’s Jean-Jacques Henchoz.   22 August 2018

Insurance

Chubb launches major accounts division in Asia Pacific; appoints head

Property/casualty insurer Chubb has established a major accounts division in the Asia Pacific region to be headed by Doug White, who is currently the country president of Hong Kong, Taiwan & Macau.   22 August 2018

Insurance

US P&C net income drops 15.8% in 2017

Private US property/casualty insurers saw catastrophe losses suppressing the industry's net income after taxes to $36.1 billion in 2017, a 15.8 percent decline from a year earlier, according to Verisk unit ISO.   15 May 2018

Insurance

Hiscox appoints reinsurance underwriting director from Paraline

Specialist insurer Hiscox has appointed Megan McConnell to the role of director of underwriting for Hiscox Re in London.   5 December 2017

Insurance

US tax reform to lift P&C insurance earnings 14%: Morgan Stanley

The proposed House bill calls for 20 percent corporate tax rate, which could lift earnings of US property/casualty (P&C companies) by around 14 percent on average, according to Morgan Stanley analysts.   6 November 2017

Insurance

Willis Towers Watson boss Aubert reappointed as LMG chair

The London Market Group (LMG) has reappointment Nicolas Aubert, head of Great Britain for Willis Towers Watson, as its chairman for another term.   28 April 2017

Insurance

Ascent appoints former Arch Europe CEO as non-exec chair

Managing general agent (MGA) Ascent Underwriting has appointed James Weatherstone as non-executive chairman.   22 March 2018

Insurance

RSA restructures London market business, exits three lines as profits slump

RSA Insurance Group has revealed its plans to scale back London Market exposures and restructure its specialty and wholesale business following a strategic review of all of its portfolios.   14 November 2018

Insurance

Hurricane Irma could cause industry loss above $100bn

Investors fear that a major hurricane hitting Miami area could lead to around $100 billion or higher industry losses, analysts wrote in a Sept. 6 Morgan Stanley research note.   7 September 2017

Insurance

Preservation Capital has completed its acquisition of MGA Ascent

Ascent Underwriting, a specialist managing general agent underwriting on behalf of a number of Lloyd's Syndicates, has been acquired by mid-market private equity firm Preservation Capital Partners.   25 January 2018

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