News

Insurance

Swiss Re appoints new chair at ReAssure ahead of IPO

Swiss Re has appointed Archie Kane as the new non-executive chairman of the board of its UK-based closed book business ReAssure.   18 January 2019

Insurance

US P/C insurers report jump in profits

Private US property/casualty insurers reported a $4.7 billion net underwriting gain in the first nine-months of 2018, a sharp turnaround from a $21.0 billion net underwriting loss a year earlier, according to data by Verisk unit ISO and the American Property Casualty Insurance Association (APCI).   17 January 2019

Insurance

Maiden sells auto group to Allianz, strikes reinsurance deal

Bermuda-based Maiden Holdings has sold its European automotive group AVS Automotive VersicherungsService to German insurer Allianz.   17 January 2019

Insurance

AM Best warns of increased Brexit uncertainty for UK insurers

AM Best has warned that uncertainty as to the UK’s future trading relationship with the EU has increased following the vote in the House of Commons on Jan. 15, 2019, rejecting the deal terms agreed with the EU by Prime Minister Theresa May’s government.   17 January 2019

Insurance

Acrisure raises $500m for acquisitions

Michigan-based insurance broker Acrisure is issuing $500 million of five-year senior secured notes to help fund acquisitions.   17 January 2019

Insurance

Blue Capital Reinsurance revises Q4 cat losses upwards

Bermuda-based Blue Capital Reinsurance Holdings has raised its fourth quarter catastrophe loss estimates to $30.0 million net of reinsurance and reinstatement premiums from $17.0 million as of Dec. 11, 2018.   17 January 2019

Insurance

Portalatin becomes vice chairman of Marsh & McLennan

Julio Portalatin has been appointed vice chairman of Marsh & McLennan Companies (MMC).   17 January 2019

Insurance

Beazley names new CFO replacing Bride

Specialty insurer Beazley has appointed Sally Lake as new group finance director, replacing Martin Bride who is stepping down in May 2019.   17 January 2019

Insurance

Davies acquires claims specialist TMS

Davies Group is acquiring Glasgow-based property and casualty public sector claims specialist TopMark Claims Management (TMS).   16 January 2019

article

Brexit vote extends uncertainty for UK insurance sector

Uncertainty continues for the UK’s insurance industry after the government’s Brexit deal has been rejected yesterday (Jan. 15) in what is dubbed the biggest ever government defeat in history.   16 January 2019

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