News

Insurance

Chubb to stop insuring, investing in coal amid climate concerns

Property/casualty insurer Chubb is the latest major insurer to stop underwriting and investing in coal-related policies amid rising climate concerns.   2 July 2019

Insurance

Elite Insurance Company in administration

Edgar Lavarello and Dan Schwarzmann of PwC appointed as joint administrators.   12 December 2019

Insurance

AXA Equitable Holdings to sell certain run-off and closed-block businesses

The sale, to Heritage Life Insurance Company, is expected to close in early 2020.   12 December 2019

Insurance

Sompo International appoints Christopher Gallagher as executive director

Bermuda-based Sompo International has appointed Christopher Gallagher to the board of directors as an executive director.   6 February 2019

Insurance

Brown & Brown acquires earthquake and hurricane insurance specialist

Arrowhead General Insurance Agency, a subsidiary of Brown & Brown, has acquired TriCoast Insurance, a firm that provides access to earthquake and hurricane insurance products to agents and insureds.   19 June 2017

Insurance

Generalist brokers are dinosaurs, claims Aon Benfield boss

The old adage of ‘in a soft market you want a consultant, in a hard market you want a broker’ is simply not true anymore, Eric Andersen, CEO of Aon Benfield, told delegates at the Economist’s Insurance 2015 event yesterday (March 3).   4 March 2015

Insurance

Pandemic fails to derail boutique liability management launch

Gossmann says the company is ‘going beyond plain vanilla legacy solutions’.   17 September 2020

Insurance

Gard appoints Christian Pritchard-Davies as new chief financial officer

Marine insurer Gard has appointed Christian Pritchard-Davies as its chief financial officer, effective from January 1 2020. He is currently vice president - head of infrastructure and operations at Gard.   17 October 2019

Insurance

You can’t always get what you want: US renewals

Rates moved in the right direction at the 1/1 renewals for reinsurers, but not far enough to compensate reinsurers for uncertainties over climate change, secondary perils and claims inflation. There were frustrations on all sides, but if they didn’t get all they wanted, many got what they needed – at least for now.   24 January 2022

Insurance

Reshuffle at QBE in optimisation push

Re/insurer QBE is realigning its operating model to take a more customer-centric approach. The move has resulted in several people moves, and creation of two new portfolios in its Australian and New Zealand operations.   7 February 2018

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