News

Insurance

Generali posts increased profits and solid growth in first nine months

Profits at Italian insurer Generali soared in the first nine months of 2018 boosted by a number of factors including disposals; it also enjoyed strong growth in both its property/casualty and life units.   8 November 2018

Insurance

Brit Global Specialty taps cyber, technology leader from Beazley

Specialty re/insurer Brit has hired Beazley's Jeff Norton as senior vice president, cyber & technology for Brit Global Specialty USA (BGSU).   8 November 2018

Insurance

Currency depreciation hits growth at Mapfre but profits up

Spanish re/insurer Mapfre posted increased profits in the first nine months of the year but its revenues and premiums written were both down – something it blamed mainly on sharp currency depreciations across many of the main countries in which it operates.   8 November 2018

Insurance

BMS swoops for Gallagher execs in Australia

Specialist re/insurance broker BMS Group has hired two senior leaders Stuart Davies and Samantha Ford in Australia.   8 November 2018

Insurance

r10 Consulting partners with Northern Ireland insurtech

London insurance market based consultancy r10 Consulting has entered into a strategic partnership with Alchemy Technology Services, a Northern Ireland-based insurance technology provider.   8 November 2018

Insurance

Ryan Specialty merges MGUs

RSG Underwriting Managers (RSGUM), a subsidiary of Ryan Specialty Group, is merging its managing general underwriters (MGUs) ThinkRisk and EmergIn Risk to operate under a unified brand.   7 November 2018

Insurance

AIG closes Glatfelter acquisition

American International Group (AIG) has completed its acquisition of Glatfelter Insurance Group following the receipt of regulatory approvals and other customary closing conditions.   7 November 2018

Insurance

M&A: Five reinsurers will be left, says Kessler

The property/casualty reinsurance sector will merge to end up in a similar structure as the global life reinsurance sector, SCOR CEO Denis Kessler said during a Nov. 6 S&P Global Ratings insurance conference in London.   6 November 2018

Insurance

Swiss Re unit hires NA property, specialty lines head from XL

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has appointed Michael LaRocca as head property & specialty lines North America.   6 November 2018

Insurance

Primary units boost results at Berkshire Hathaway; Gen Re enjoys strong growth

Berkshire Hathaway’s insurance entities posted an underwriting profit of $441 million in the third quarter of 2018, a big turnaround on the same period a year earlier when they made a loss of $1.44 billion thanks to several large cat events.   5 November 2018

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