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Insurance
The acquisition of Ariel Re adds the scale Argo needs to cope with the costs of operating within the Lloyd’s market, the company has revealed, stressing that the deal also makes it one of the top 12 underwriters at Lloyd’s. 14 November 2016
Insurance
Skuld, a marine insurer, will rename SMA/Gerling Norway as Skuld Marine Agency (SMA) when it completes its acquisition of the insurer by the end of the year. 11 November 2016
Insurance
HDI Global SE, an industrial lines insurer, is selling its Norwegian subsidiary companies, Scandinavian Marine Agency and Gerling Norge, to Norwegian insurer Skuld. 11 November 2016
Insurance
Hannover Re shrank its book slightly in the first nine months of 2016 as it pursued a “margin-oriented underwriting approach” but its profits increased and it said it is on track to achieve its full year profit target of at least €950 million for the full 2016 financial year. 10 November 2016
Insurance
Beazley's book of business grew in the first nine-months of 2016 on the back of the performance of its specialty lines, which both grew and enjoyed rate increases. 10 November 2016
Insurance
The many reinsurers that have developed substantial primary operations could be in for a backlash from their cedants, as Intelligent Insurer discovers. 10 November 2016
Insurance
Re/insurance brokerage Jardine Lloyd Thompson (JLT) plans to build out its specialty business in 2016 in spite of challenging market conditions, it said in its interim management statement for the period from July 1 through to November 7, 2016. 8 November 2016
Insurance
Hiscox Group grew many areas of its business in the first nine-months of 2016, however, it anticipates that its London Market segment will shrink in 2017 as it reduces its participation on unprofitable lines of business. 7 November 2016
Insurance
Bermuda-based reinsurer Tokio Millennium Re has appointed Richard Bennison to its board as an independent non-executive director. 7 November 2016
Insurance
Bermuda-based Endurance Specialty Holding has almost tripled its profits in the third quarter of 2016, just a month after agreeing to the proposed deal to be acquired by Sompo. 7 November 2016
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