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Insurance
Everest Re Group has hired a Swiss Re executive to head up its global aerospace reinsurance unit. 5 July 2018
Insurance
Global insurance premiums increased 1.5 percent to nearly $5 trillion in 2017, after rising 2.2 percent in 2016, according to the annually published "world insurance" sigma report. It also revealed that global life premiums increased 0.5 percent in 2017, while global non-life premiums rose 2.8 percent. Growth in both the life and non-life sectors slowed. 5 July 2018
Insurance
China will represent the most significant factor in insurance growth in the coming years though profitability will remain under pressure as long as interest rates remain low, economists from Swiss Re have said in the annually published "world insurance" sigma report in a segment specifically examining the data over the last 50 years. 5 July 2018
Insurance
UK commercial insurer RSA has appointed Mandy Hunt to succeed Colin Bradbury as chief underwriting officer (CUO) for commercial risk solutions (CRS), RSA UK & International. 5 July 2018
Insurance
US private equity firms Highbridge Principal Strategies (HPS) and Madison Dearborn Partners (MDP), which have a major shareholding in brokerage group Ardonagh, have acquired UK-based fee protection insurance company PFP. 5 July 2018
Insurance
Broker Aon has appointed Andrew Matson as leader of its newly formed global portfolio broking team within the reinsurance solutions business. 4 July 2018
Insurance
Mitsui Sumitomo Insurance Company Europe (MSIEU), a wholly owned subsidiary of MSI, has concluded strategic alliance agreements with ICEA LION General Insurance Company in Kenya, and International Commercial and Engineering Seguros (ICE) in Mozambique. 4 July 2018
Insurance
Hive Aero, a new managing general agency (MGA) specialising in aviation hull war insurance, has appointed Will Gaunt as class underwriter. 3 July 2018
Insurance
Liberty Specialty Markets (LSM) has rebranded its reinsurance division as Liberty Mutual Re and launched a reinsurance operation in Italy for the first time. 3 July 2018
Insurance
Billionaire investor David Einhorn told clients that his Greenlight Capital hedge fund, which manages the investments for reinsurer Greenlight Re, suffered fresh losses in June and has now dropped 18.3 percent this year, according to a Reuters report. 3 July 2018
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