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Insurance
Direct Line Insurance Group has appointed Penny James as chief financial officer and executive director on its board, effective Nov. 1. 9 September 2017
Insurance
The UK’s Financial Conduct Authority (FCA) is investigating potential misconduct within the aviation broking industry in the UK. 21 April 2017
Insurance
California-based insurtech company Hippo has raised $25 million in Series B funding, led by Comcast Ventures and Fifth Wall, and other fintech investors. 22 January 2018
Insurance
The London Market Group (LMG) has launched a campaign to promote London as the world’s insurance hub. It is aiming to provide buyers with a clear case for coming to London for solutions to the risks they face. 25 October 2017
Insurance
Bermuda-based AXIS Capital Holdings has appointed Steve Arora as the new chief executive officer of AXIS Re. 24 October 2017
Insurance
European run-off insurance company DARAG has strengthened its core team with three senior appointments including Mike Trotman as chief financial officer (CFO), Alex Roth as head of M&A, and Jim Wilson as group chief transaction officer. 7 September 2017
Insurance
Switzerland-based Zurich Insurance Group has entered into a definitive agreement with Catalina Insurance Ireland to transfer its German legacy medical malpractice liabilities portfolio. 8 November 2017
News
Bermuda-based Montpelier Re reported operating income of $72.2 million, or $1.48 per common share, and a healthy combined ratio of 50.4 percent in Q1, of which $35 million of prior year loss reserves helped to obtain an 18 percent loss ratio. 1 May 2014
Insurance
UK insurer Aviva is selling its Asia and Middle East life business Friends Provident International (FPIL) to RL360 Holding Company, a subsidiary of International Financial Group, for a total consideration of £340 million. 19 July 2017
Insurance
ICAT, a provider of property insurance to businesses and residences in hurricane and earthquake exposed regions of the US, has appointed Megan McConnell as active underwriter for Syndicate 4242 at Lloyd’s. 16 December 2013
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