News

Insurance

AXA XL appoints Paul-Henri Rastoul as Chief Underwriting Officer, XL Insurance Company SE

Reinsurer AXA XL has appointed Paul-Henri Rastoul as chief underwriting officer at XL Insurance Company SE.   22 July 2019

Insurance

Darag buys UK-based insurer in run-off, The Underwriter

International re/insurance firm Darag has bought The Underwriter, a UK-based insurer in run-off.   22 July 2019

Insurance

Marine insurance premium rise ‘near certainty’ as hostility escalates over Iran-UK tanker seizure

Insurance premium increases are a “near certainty” for shipping in the region of the strait of Hormuz after Iran seized UK-flagged oil tanker Stena Impero on Friday 19 July.   22 July 2019

Insurance

AFL taps UIB senior brokers Ritson and Draper to lead property and energy expansion

Independent Lloyd’s broker AFL Insurance Brokers has hired experienced brokers Mark Ritson and Peter Draper as directors of international property and energy.   19 July 2019

Insurance

Ed hires head of facultative reinsurance from Price Forbes

Reinsurance, wholesale and specialty broker Ed has appointed Jennifer D’Arcy to the new role of executive vice president and head of facultative reinsurance.   19 July 2019

Insurance

ABIR picks Hamilton's Albo as deputy chair, Catlin's Convex as newest member

The Association of Bermuda Insurers and Reinsurers (ABIR) has elected Hamilton CEO Pina Albo as its deputy chair, and added Stephen Catlin and Paul Brand's newly launched specialty re/insurer Convex Group to its membership.   18 July 2019

Insurance

Insurance market in Russia bounces back but threats remain: AM Best

Russia's insurance market has reached a positive turning point as premiums grew in 2018 driven by life and non-life products, however, credit ratings agency AM Best warned that the recovery was “fragile” as threats remain.   18 July 2019

Insurance

Tokio Marine looks to expand in Benelux surety market due to rise in demand and capacity providers

Specialty insurance group Tokio Marine HCC has hired senior Chubb and Euler Hermes executives to expand its international surety capabilities into Continental Europe. The company believes the region has experienced high demand and an increase in capacity providers in the last five years.   18 July 2019

Insurance

DARAG acquires One Re to enter into the UK market following capital strengthening

Run-off specialist DARAG Group has agreed to acquire London-based non-life reinsurance company One Re, which provided reinsurance to African-based insurers for industrial property risks and engineering projects from 2015 to 2018.   18 July 2019

Insurance

Willis Towers Watson swoops on Marsh financial institutions trio for Canada expansion

Broker Willis Towers Watson has recruited three senior executives from Marsh & McLennan to lead its expansion into the Canadian financial institutions (FI) market.   18 July 2019

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