News

Insurance

Carmilani leaves Allied World to take organic growth role at Fairfax; successor revealed

Canada-based property and casualty re/insurance conglomerate Fairfax Financial Holdings has appointed Allied World CEO Scott Carmilani in a new role that it hopes will help promote organic growth and collaboration initiatives across its global operations.   18 July 2019

Insurance

Hamilton appoints Krishnamoorthy CTO to develop data-driven technology strategy

Bermuda-based Hamilton Insurance Group has appointed Venkat Krishnamoorthy to the newly-created position of chief technology officer (CTO), responsible for the development of the company’s data-driven technology strategy and execution.   18 July 2019

Insurance

Aon names Darren Zeidel as general counsel succeeding Peter Lieb

Re/insurance broker Aon has appointed Darren Zeidel as new executive vice president, general counsel and company secretary, succeeding Peter Lieb who is leaving the firm.   18 July 2019

Insurance

S&P says Swiss Re ReAssure ratings to remain negative following IPO suspension

S&P Global Ratings has said that its 'A-' ratings on Swiss Re ReAssure (SRRAL) will remain on Credit Watch with negative implications following the suspension of its initial public offering (IPO) on July 11.   17 July 2019

Insurance

Allianz appoints Zurich's Glaucia Smithson as AGCS South America CEO

Allianz Group's corporate insurance carrier has appointed new regional leader for its South American business from Zurich.   17 July 2019

Insurance

Aon appoints Joshua Walker to lead intellectual property product development

Re/insurance broker Aon has appointed Joshua Walker as chief product officer for its intellectual property solutions unit   17 July 2019

Insurance

Arc Legal boosts commercial team with new hires

Arc Legal Assistance, a provider of legal expenses insurance in the UK and Ireland, has expanded its commercial team in response to business growth   17 July 2019

Insurance

Victor appoints John Stephenson to UK country manager role

Victor Insurance Holdings, a managing general underwriter (MGU) formerly known as the Schinnerer Group, has appointed John Stephenson as UK country manager, and Fred Willemze as strategic partnerships director.   17 July 2019

Insurance

Moody's goes negative on 19 Argentine insurers and financial guarantors' outlook

Rating agency Moody's has revised the outlook of 13 insurers and six financial guarantors in Argentina to negative from stable due to concerns over their asset quality, profitability and capital adequacy, following the change in Argentine's sovereign rating.   17 July 2019

Insurance

Hurricane Barry insurance losses at least $300 million, says risk modeller KCC

Insured losses from storm system Barry, which was briefly a hurricane, will be close to $300 million, according to Karen Clark & Company (KCC).   17 July 2019

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