News

Insurance

IAG appoints Peter Horton as group general counsel

Insurance Australia Group (IAG) has appointed Peter Horton as new group general counsel.   12 August 2019

Insurance

Beazley appoints Will Roscoe to lead ‘smart tracker’ special purpose syndicate 5623

Specialist insurer Beazley has appointed Will Roscoe as head of its ‘smart tracker’ special purpose syndicate 5623.   8 August 2019

Insurance

Aviva to review Asia unit as new CEO rethinks strategy amid 'mixed' H1 2019 results

UK's life and general insurer Aviva has said that the company is "considering a range of options" to enhance its Asian business as new CEO Maurice Tulloch looks to re-energise the business with a fresh growth strategy.   8 August 2019

Insurance

New Third Point Re CEO Malloy 'pleased' with Q2 and H1 2019 results as profits improve

Third Point Re's new CEO Daniel Malloy is "pleased" with the company's performance as he highlighted improved underwriting profitability for both the second quarter and first half of 2019.   8 August 2019

Insurance

AIG’s Duperreault says ‘strong’ Q2 2019 results supported by ‘foundational changes’ at insurer

Insurer AIG reported “strong” income growth in its Q2 2019 results with its CEO pointing to the company’s 2017 decision to restructure its business into three units - operating under a General Insurance business unit, a Life and Retirement unit, and a standalone technology unit.   8 August 2019

Insurance

Zurich on track to beat profit targets for 2019; posts 'best H1 result in a decade'

Zurich Insurance Group posted the 'best first half result in a decade' driven by underlying growth across the business and a strong underwriting performance in property & casualty. The CEO is confident that it will beat its three-year financial targets in 2019.   8 August 2019

Insurance

Hannover Re’s Henchoz says reinsurer ‘on track’ to hit €1.1bn income targets in Q2 and H1 2019 results

Hannover Re results for the second quarter and first half of 2019 show reinsurer is “well on track” to hit group net income targets of €1.1 billion for the full year, said chief executive Jean-Jacques Henchoz.   8 August 2019

Insurance

Assured Guaranty to acquire asset management firm BlueMountain for $160m

Bermuda-based Assured Guaranty has entered into an agreement to purchase all of the outstanding equity interests in BlueMountain Capital Management and its associated entities for approximately $160 million.   8 August 2019

Insurance

Third Point Re confirms Malloy as CEO; adds ex-AIG CFO to board

Bermuda-based Third Point Re has affirmed Daniel Malloy as its chief executive officer (CEO) and appointed former AIG chief financial Officer Sid Sankaran to its board of directors.   8 August 2019

Insurance

IRB Brasil Re to become first Latin American stakeholder in blockchain insurance initiative B3i

Brazil's major reinsurer IRB Brasil Re is set to acquire an 8.93 percent stake in the blockchain insurance industry initiative B3i Services for €3.5 million.   8 August 2019

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