News

Insurance

AIG appoints global head of real estate from Goldman Sachs

American International Group (AIG) has appointed James Love as global head of real estate, effective August 6.   18 July 2019

Insurance

DARAG acquires One Re to enter into the UK market following capital strengthening

Run-off specialist DARAG Group has agreed to acquire London-based non-life reinsurance company One Re, which provided reinsurance to African-based insurers for industrial property risks and engineering projects from 2015 to 2018.   18 July 2019

Insurance

Nexus targets aggressive M&A growth

Nexus Group is eyeing future M&A deals to diversify and strengthen its managing general agency (MGA) portfolio after its recent acquisition and rebrand of a reinsurance treaty MGA from ZON Re, which it renamed Nexus Re, founder and executive chairman Colin Thompson told Monte Carlo Today.   13 September 2017

Insurance

Modest core underwriting margin expansion expected in domestic P&C insurance industry: KBW analysis

Modest core underwriting margin expansion is expected in the domestic P&C insurance industry according to Keefe, Bruyette & Woods (KBW) analysts’ newly released 2Q19 P&C Industry Results report. They have updated their domestic P&C insurance industry earnings model with ISO’s recently published 2Q19 results.   15 October 2019

Insurance

Ageas hires Aspen UK CFO Jonathan Price

Insurance group Ageas has hired a new chief financial officer (CFO) for its UK business from Aspen Insurance Group.   19 February 2019

Insurance

IPT doubles in less than 18 months with UK government’s new proposals

The UK government plans to raise the insurance premium tax (IPT) from 10 percent to 12 percent, doubling the tax payable by customers on general insurance policies in the past 18 months, as revealed in the Autumn Statement.   24 November 2016

Insurance

Insurtech Kin raises $47m to launch Florida carrier with Hudson Structured backing

Chicago-based insurtech start-up Kin has raised $47 million funding from new investors including Hudson Structured Capital Management (HSCM Bermuda), August Capital, Avanta, and UChicago Startup Investment Program.   28 August 2019

Insurance

European financial reforms strike right balance, says ALFI

Provisionally agreed reforms to European financial supervision have hit the right balance between European intervention and national autonomy, according to the Association of the Luxembourg Fund Industry (ALFI).   8 April 2019

Insurance

Influential women in re/insurance 2017

Intelligent Insurer has handpicked a selection of influential women in re/insurance which are presented below.   1 August 2017

Insurance

B3i raises funding, targets commercial blockchain market

The blockchain insurance industry initiative B3i is finalising a funding round as it plans to target the commercial insurance market.   23 November 2018

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