News

Insurance

Arch buys insurtech managing general underwriter Ventus Risk Management

Arch Insurance North America has entered into a definitive agreement to acquire insurtech managing general underwriter (MGU) Ventus Risk Management.   15 August 2019

Insurance

McGill & Partners acquires renewal rights to certain Marsh, JLT Specialty business

London-based McGill & Partners, a specialty risk solutions company, has signed an agreement with broker Marsh and JLT Specialty to acquire certain specialty business from Marsh in London.   15 August 2019

Insurance

Todd Jones leaves Willis Towers Watson to become QBE North America CEO

Broker Willis Towers Watson has appointed Adam Garrard as new leader for the corporate risk & broking (CRB) segment, replacing Todd Jones who is joining specialist insurer QBE Insurance Group as CEO North America.   15 August 2019

Insurance

AIG snags Munich Re's Richard Olsen for top chief actuary role

American International Group (AIG) has hired Munich Re's Richard Olsen as new chief actuary, general insurance, based in New York.   15 August 2019

Insurance

Concord Specialty boosts reps and warranty practice with new hire

Concord Specialty Risk, a transactional risk insurance and loss mitigation specialist which is a series of RSG Underwriting Managers, has appointed Ilan Peress as vice president, representations and warranty insurance underwriter.   13 August 2019

Insurance

Aon advises HSBC Bermuda on £7bn longevity swap with Prudential

Re/insurance broker Aon has advised HSBC Bermuda on a recently completed £7 billion longevity swap, involving the HSBC Bank (UK) Pension Scheme and Prudential Insurance Company of America (PICA), said to be the second largest ever deal of its type.   13 August 2019

Insurance

5 bold moves companies must make to join the insurance elite: McKinsey

Re/insurers with their sights set high must substitute old habits and ways of working with brave strategic thinking if they hope to join the ‘power curve’ club of top profit makers. Intelligent Insurer reports on significant new research from McKinsey.   13 August 2019

Insurance

Canopius partners with AI insurtech Arturo on deep-learning property analytics

Specialty re/insurer Canopius has partnered with artificial intelligence (AI) and deep-learning property analytics start-up Arturo.   13 August 2019

Insurance

Rothesay Life agrees £520m buy-in with Cadbury Mondelēz Pension Fund

UK-based life insurer Rothesay Life has insured £520 million of defined benefit liabilities for the Cadbury Mondelēz Pension Fund.   12 August 2019

Insurance

Lockton hires Aon's William Barber to lead global healthcare liability offering

Re/insurance broker Lockton has hired William Barber to lead its international healthcare strategy, which forms part of its professional and financial services offering.   12 August 2019

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