News

Insurance

QBE sells Farmers Union business to National General

Specialist insurer QBE North America is selling its Farmers Union Insurance business to National General Holdings as part of its strategy to reinforce focus on its core offerings and improve future earnings profile.   14 November 2018

Insurance

Hamilton Re poaches head of risk XS from Hiscox

Bermuda-based Hamilton Re has appointed David Roache to the newly-created position of senior vice president, head of risk XS.   14 November 2018

Insurance

Antares partners with insurtech Concirrus to increase profitability at Lloyd's

Antares, a Lloyd’s managing agent and member of the QIC Group, has partnered with London-based insurtech Concirrus to drive data-driven underwriting at Lloyd’s.   14 November 2018

Insurance

Everest hires from OneBeacon, Starr for private/not-for-profit group

Everest Insurance has hired OneBeacon and Starr executives for its Everest Specialty Underwriters Private Company/Not-for-Profit group.   14 November 2018

Insurance

Trend to bespoke products drives AFL into Zodiac acquisition

A trend toward bespoke insurance products driven by available technology and data is one of the reasons why Lloyd’s broker AFL Insurance Brokers decided to acquire US-based Zodiac Insurance Services, AFL CEO Bob Finch, told Intelligent Insurer.   13 November 2018

Insurance

Primary insurers to bear brunt of California fires: KBW

Primary insurers rather than reinsurers will bear the majority of losses produced by the wildfires that are currently scorching parts of California, according to KBW analyst Meyer Shields.   12 November 2018

Insurance

IGI creates chief technology role in digital strategy

Specialist commercial re/insurer International General Insurance Holdings (IGI) has appointed Nasser Zagha to the newly-created role of chief technology officer.   12 November 2018

Insurance

Maiden widens loss in Q3 due to AmTrust

Bermuda-based reinsurer Maiden Holdings has reported a significant increase in net losses for the third quarter of 2018 as adverse prior year loss development worsened in the AmTrust reinsurance segment.   12 November 2018

Insurance

GFIA reveals new president replacing Kempthorne

The Global Federation of Insurance Associations (GFIA) has elected Recaredo Arias as its new president and a member of its executive committee.   12 November 2018

Insurance

Why hard markets are a relic of the past

There is no point bemoaning the lack of a truly hard market, for the reality could be that the industry’s cycle has flattened out for the long term, says Gerry Tighe at Matrix Insurance & Reinsurance Brokers.   12 November 2018

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