News
Insurance
Zurich Insurance Group has completed the acquisition of ANZ’s life insurance business OnePath Life in Australia for A$2.85 billion ($2 billion), becoming the country’s largest retail life insurer. 3 June 2019
Insurance
Rating agency AM Best has revised the outlook of Cayman Islands-based reinsurer Greenlight Capital Re to negative from stable, expressing concern over its "negative underwriting performance". 3 June 2019
Insurance
Tasker Insurance Group (TIG) has acquired specialist broker Hobbs Broking (Hobbs Associates) as part of strategy to further accelerate its growth plans. 3 June 2019
Insurance
The European insurance sector will continue to consolidate in 2019, with varying credit impacts, according to the latest Moody's Investors Service report. 23 May 2019
Insurance
Liberty Mutual Re, the reinsurance arm of Liberty Specialty Markets (LSM), is launching a new operation under Lloyd’s registration in Mexico to serve clients in the Mexican market and Central America. 23 May 2019
Alternative Risk Transfer
French reinsurer SCOR’s portfolio management company is acquiring 100 percent of the capital of insurance-linked securities (ILS) fund manager Coriolis Capital, in a move aimed at expanding its capacity on the ILS market, reaching an aggregate sum of $2.1 billion of assets under management (AUM) and operating in both Paris and London. 23 May 2019
Insurance
Ariel Re, a subsidiary of Bermuda-based Argo Group, has appointed Sean Kelly to the newly-created role of senior vice president, specialty underwriter, credit and financial products. 23 May 2019
Insurance
Specialty insurance company ProAssurance Corporation has appointed Edward Rand, Jr., the company’s president and chief operating officer, to succeed Stancil Starnes as chief executive officer from July 1, 2019. 23 May 2019
Insurance
Cyber insurance could make leaps and bounds in Europe if policymakers gave insurers access to anonymised cyber-attack data, industry body Insurance Europe (IE) has said. 23 May 2019
Insurance
Frédéric de Courtois, general manager of Generali Group, has been elected vice president of Insurance Europe, the European insurance and reinsurance federation, for a three-year term. 23 May 2019
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