News

Insurance

Century Underwriting gains Lloyd’s coverholder status

Century Underwriting, the specialist commercial managing general agent (MGA) has been granted Lloyd’s coverholder status; an important development in the firm’s five year diversification plan to become a multi specialist lines MGA.   1 February 2016

Insurance

RSA reshuffles Middle East leadership; appoints CEOs Martin Rueegg and Praveen Kumar

RSA has hired Martin Rueegg from AXA to be its new chief executive (CEO) of the Middle East and UAE, replacing Lloyd East who will move to RSA’s Canadian operation Johnson to become vice president of strategic operations and chief operating officer (COO). Rueegg will take up his new post in September.   22 July 2019

Alternative Risk Transfer

Trends in the ILS sector and implications for the wider insurance industry

An overview of the ILS market by Dirk Lohmann, chief executive officer of Secquaero Advisors and Noel Hillmann, chief executive officer of Clear Path Analysis*.   28 February 2018

Insurance

$9.8bn AIG deal and insurance losses weigh on Berkshire’s Q1 results

A $9.8 billion reinsurance deal with AIG and the UK’s Ogden discount rate change weighed on Berkshire Hathaway’s first quarter results.   8 May 2017

Insurance

Ardonagh Group completes two acquisitions

The Ardonagh Group, the UK’s largest independent insurance broker with global reach, has completed the acquisitions of Carole Nash Insurance Consultants and Mastercover Insurance Services.   21 December 2017

Insurance

Growth in the global economy to slow to 3.1 percent

MAPFRE Economic Research predicts faster growth returning in 2021.   31 January 2020

Insurance

‘Londonisms’ must go if the London Market is to compete

Commercial lines insurers must embrace the same levels of automation prevalent in personal lines, particularly within the London Market if it is to compete with other platforms globally, Patrick Molineux, general manager of insurance at CSC, told Baden-Baden Today.   25 October 2016

Insurance

Willis Towers Watson swoops on Marsh financial institutions trio for Canada expansion

Broker Willis Towers Watson has recruited three senior executives from Marsh & McLennan to lead its expansion into the Canadian financial institutions (FI) market.   18 July 2019

Insurance

Property-casualty premiums rise sharply at Munich Re

‘We now expect to surpass our initial profit and revenue targets overall for 2019’.   7 November 2019

Insurance

Territory Insurance Office chooses Allianz

Allianz Australia has been selected to purchase the general insurance business of the Territory Insurance Office (TIO).   24 November 2014

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