News
Insurance
German insurance giant Allianz posted a record operating performance in 2018, reaching the upper end of its target. It also expects to generate a larger profit in 2019, provided there are no unforeseen performance interruptions. 15 February 2019
Insurance
C-Quence, a new insurtech managing general agent (MGA) with a commercial insurance trading and underwriting platform, has strengthened its underwriting team with senior hires from Chubb and AIG. 15 February 2019
Insurance
Dutch insurer NN Group has elected David Cole to succeed Jan Holsboer as the chairman of its supervisory board following its annual general meeting later this year in May. 15 February 2019
Insurance
Property/casualty insurer Chubb has appointed Kyle Bryant to the newly-created position of head of financial lines for Continental Europe. 14 February 2019
Insurance
Efforts to rectify issues in AIG’s core underwriting capabilities appear to be paying off as losses reduce year on year in its 2018 results, with Brian Duperreault, AIG’s president and chief executive officer, predicting the firm will “accelerate our progress in 2019”. 14 February 2019
Insurance
US-based reinsurance broker Holborn Corporation has hired a Gen Re executive with more than 30 years of industry expertise to enhance its existing client relationships across its three offices in New York City, Minneapolis and Kansas City. 14 February 2019
Insurance
Pioneer Underwriters, the underwriting group within Minova Insurance Holdings, has appointed Andrew Corton as a project cargo underwriter based in London. 13 February 2019
Insurance
TrackActive, a UK-based InsurTech startup, said it is on target to raise the £300k it needs in seed funding after it partnered with Gen Re, lead investor HR Tech Partnership, and other angel investors through Seedrs. 13 February 2019
Alternative Risk Transfer
The spate of heavy losses in 2017 and 2018, compounded by ‘loss creep’ as some funds struggled to post accurate loss estimates, seems to have made ILS investors pause for thought, with many being much more circumspect as to where to place their money. Intelligent Insurer investigates. 13 February 2019
Insurance
Chicago-based Ryan Specialty Group (RSG) has signed a definitive agreement to acquire the assets and operations of International Specialty Insurance Services (ISI). 13 February 2019
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