News

Insurance

AJG acquires professional liability MGA

Arthur J. Gallagher (AJG) has acquired New Jersey-based managing general agent (MGA) The Plus Companies (TPC).   16 June 2014

Insurance

Maiden widens loss in Q3 due to AmTrust

Bermuda-based reinsurer Maiden Holdings has reported a significant increase in net losses for the third quarter of 2018 as adverse prior year loss development worsened in the AmTrust reinsurance segment.   12 November 2018

Insurance

Validus to raise $250m through share offering

Bermuda-based Validus Holdings priced an underwritten public offering of 10 million depositary shares worth $250 million.   13 June 2017

Insurance

Tokio Marine Asia head resigns

Tokio Marine Holdings said on Sept. 29 that chief executive of Tokio Marine Asia Arthur Lee has resigned with effect on Sept. 30, 2017.   29 September 2017

Insurance

Castel lures Amlin exec

Castel Underwriting Agencies, the club-style managing general agent (MGA) formation platform, has appointed James Nugent as its first chief underwriting officer.   1 July 2015

Insurance

Aon Benfield executive becomes chair of ClimateWise

ClimateWise, a group of 28 leading re/insurance organisations, has appointed Aon Benfield's Dominic Christian to replace Aviva's Maurice Tulloch as its new chairman.   19 January 2018

News

Reinsurance price improvements may not be sustainable: Fitch

Having endured the heavy losses of 2017, reinsurers should enjoy an improvement in profits in 2018 as rates improve and cat losses return to normal levels, according to Fitch Ratings.   4 May 2018

Insurance

Commercial insurance rates climb further

Commercial insurance pricing increased for the fourth consecutive quarter in the third quarter of 2018 by more than 1 percent, driven by property and financial and professional lines, according to the most recent Global Insurance Market Index compiled by Marsh.   22 November 2018

Insurance

NN Group international CEO steps down; successor hunt begins

Dutch insurance and asset management company NN Group's chief executive officer of international insurance, Robin Spencer is stepping down from his position, effective June 1, 2018.   12 March 2018

Insurance

Top executives depart XL in management shake-up ahead of AXA takeover

Re/insurer XL Group has revealed several organisational and leadership changes ahead of the planned integration with the AXA Group. The move has led to the departure of top executives such as chief executive of global lines Doug Howat and chief experience officer Paul Jardine.   15 May 2018

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