News

Insurance

Reinsurers set for further earnings erosion in 2019 – AM Best

Reinsurers are likely to see further erosion in 2019, following another year of major catastrophe losses, according to ratings agency AM Best.   28 October 2019

Insurance

Global Risk Partners hires Zurich exec to head up business development

Chris Sime, the head of sales and strategic accounts at Zurich Insurance, has joined Global Risk Partners (GRP), an insurance broking and managing general agent (MGA) investment vehicle, as its group business development director.   3 April 2017

Insurance

Willis Towers Watson hires power and utilities expert from Bowring Marsh

Broker Willis Towers Watson has hired Mark Hiles to assume the role of head of power and utilities for the Central and Eastern Europe, Middle East and Africa (CEEMEA) region.   14 March 2019

Insurance

Liberty Specialty Markets makes strategic leadership changes in US, Bermuda and LatAm

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Alexander Montoya as president of US, Bermuda and LatAm, effective immediately.   9 September 2019

Insurance

Swiss Re moves ahead with ReAssure IPO, increases capital by £481m ahead of listing

Swiss Re is moving forward with its planned initial public offering (IPO) of UK closed life book business ReAssure.   7 June 2019

Insurance

QBE partners with Arrowhead to grow small commercial insurance business

Re/insurer QBE North America, part of QBE Insurance Group, has signed a small commercial business agreement with San Diego-based Arrowhead General Insurance Agency.   8 June 2017

Insurance

JLT Re poaches Aon Benfield Asia CEO

Reinsurance broker JLT Re has hired Vinod Krishnan as CEO of Asia treaty business from Aon Benfield.   19 March 2018

Insurance

JLT sees no consistent pattern for rates

While most classes of reinsurance and specialty lines have seen a moderation or end to price reductions, there is not a consistent pattern, with increases generally limited to areas and sectors where heavy losses had occurred last year, broker JLT said in a May 1 trading statement.   1 May 2018

Insurance

Talanx chair says 'not seen a crisis like this since World War II' as COVID-19 hits earnings

Torsten Leue is focusing on maintaining 'resilience' after COVID-19 drives large losses in primary insurance and reinsurance.   7 May 2020

Insurance

Challenges remain for small business as COVID recovery builds

The pandemic has challenged not just small businesses but also their insurers. Both have shown adaptability and resilience which will continue to be needed as the economy recovers, says Markel’s Matt Huels.   15 September 2021

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