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Argo AGM 2019: shareholders back board but question executive reward
Insurance
Shareholders voted “overwhelmingly in favour” of directors put forward by re/insurance firm Argo at its AGM, crushing a bid to change direction at the top of the company by activist investor Voce Capital Management.   28 May 2019
AIG's Talbot to shut Australian and Lloyd’s China offices
Insurance
Talbot Underwriting, a subsidiary of American International Group (previously Validus Holdings), is closing its Australian office and Lloyd’s China division, in a move the company hopes will bring "enhanced value" to its partners in the region.   28 May 2019
Sharing economy insurance start-up Pikl secures £2.5m funding from Direct Line founder Sir Peter Wood
Insurance
Norwich-based insurance provider for the sharing economy Pikl has raised £2.5 million seed/pre-series A funding from Sir Peter Wood, the founder of Direct Line and Esure.   28 May 2019
Insurance
Bermuda-based re/insurer Everest Re Group has appointed Stone Point Capital founding partner Meryl Hartzband to its board of directors.   28 May 2019
Insurance
Specialist insurer Markel International has appointed Rajesh Sinha as head of personal accident, contingency and entertainment (PACE) in Asia.   28 May 2019
Insurance
Re/insurance broker Lockton has hired senior Gallagher and Willis executives as it it looks to grow its presence across the North of England and Midlands.   24 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
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
Voom, an on-demand telematics-based insurance platform for specialised mobility, has secured $5 million Series A funding, led by Arbor Ventures with participation from existing investors, and new partner Plug and Play Ventures, a Silicon Valley-based accelerator and corporate innovation platform.   22 May 2019
Insurance
Protective Insurance Corporation, a US-based insurer specialising in commercial auto, has appointed Jeremy Johnson as new chief executive officer (CEO), and a member of its board of directors.   22 May 2019

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