News
Insurance
Bermuda-based Horseshoe Group has hired two senior executives from HSBC and KPMG Bermuda respectively as senior vice presidents (SVP). 7 June 2018
Insurance
Bermuda-based AXIS Capital has experienced lower catastrophe losses in the third quarter of 2018, improving the combined ratio in both the insurance and reinsurance segments and allowing the group to return to profit. 25 October 2018
Insurance
Schinnerer Group, an underwriting manager of specialty insurance programmes, has rebranded as Victor Insurance Holdings. 5 June 2018
Insurance
AM Best has upgraded the Long-Term Issuer Credit Ratings to “a+” from “a” of Bermuda-based Lancashire Insurance Company and its affiliate in the UK. 25 October 2018
Insurance
Japanese conglomerate SoftBank is seeking to join Swiss Re’s board as it negotiates the acquisition of a minority stake in the reinsurer, according to a Feb. 18 Financial Times report. 19 February 2018
Insurance
While most of the leading European insurers have by now taken action on coal, none of the nine US insurers assessed have taken any steps, according to the Unfriend Coal campaign. 3 December 2018
Insurance
The tit-for-tat between Argo Group and activist investor Voce Capital Management rumbles on with the latter now accusing Argo’s promise to shrink the size of its board to ten from 13 as a “deception”, which there is no guarantee will be followed through. 15 May 2019
Insurance
Insurance Australia Group (IAG) has raised its full-year 2018 reported insurance margin guidance to 15.5-17.5 percent, on back of an increase in reserve release expectations to around 3 percent of net earned premium (NEP) and a first half 2018 (Sept.-March) favourable credit spread impact. 14 February 2018
Insurance
Independent Lloyd's broker AFL has further expanded its wholesale property team with the appointment of re/insurance executives from JLT Re and Alston Gayler. 14 February 2018
Insurance
Ryan Specialty Group (RSG) has reached a definitive agreement to acquire Lodestar Marine, a managing general agent (MGA) in the protection and indemnity (P&I) fixed premium marine market. 13 February 2018
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