News
Insurance
China Re, China’s biggest reinsurer, will acquire speciality insurer Chaucer from its parent The Hanover Insurance Group for $950 million in a deal that gives the buyer a solid foothold in both the speciality markets and in Lloyd’s. 13 September 2018
Insurance
Property/casualty insurer Travelers Companies has appointed Mojgan Lefebvre as executive vice president and chief information officer. She succeeds Madelyn Lankton, who will retire this month after 36 years with Travelers. 12 September 2018
Insurance
Liberty Mutual has launched a new global transaction solutions (GTS) unit to serve the growing market for mergers & acquisitions (M&A) insurance solutions. 12 September 2018
Insurance
Zurich Insurance has appointed Brandon Fick as new chief underwriting officer for Zurich North America. 12 September 2018
Insurance
Everest Insurance has expanded its Everest Specialty Underwriters (ESU) financial lines group with the addition of three new cyber liability team members. 12 September 2018
Insurance
Bermuda-based excess and surplus (E&S) lines carrier Colony Specialty, a member of Argo Group International Holdings, has appointed Jeff Canfield to serve as head of casualty. 12 September 2018
Insurance
Hurricane Florence is currently a category 4 hurricane and may intensify to a category 5 hurricane in the next 24 hours, according to data provider AIR. 12 September 2018
Insurance
Lloyd’s syndicates have just weeks to submit a business plan mapping a route to profits, and those that fail will be closed, Jon Hancock, performance management director of Lloyd’s, confirmed to Monte Carlo Today. 12 September 2018
Insurance
The reinsurance market must accept that buyers won’t pay a higher price and instead focus on increasing efficiencies in how business is transacted, Michael Papworth, head of Asia and property & casualty at Miller, told Monte Carlo Today. 12 September 2018
Insurance
The majority of re/insurance professionals believe that the Lloyd’s profitability review will have some impact on the wider market, whether that be through the hardening of some lines or triggering more discipline, or even weakening Lloyd’s overall influence. 12 September 2018
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