News

Insurance

New owners of AIG’s Bermuda legacy unit Fortitude Re plot growth and diversification

The business has been acquired by The Carlyle Group and T&D Holdings and has secured a new rating.   3 June 2020

Insurance

Canopius hires Talbot, XL Catlin executives in APAC growth drive; gains approval from Lloyd’s

Specialty re/insurer Canopius has made four new appointments for its recently established Canopius Australia & Pacific branch in Sydney, which has also gained binding authority approval from Lloyd’s.   8 July 2019

Alternative Risk Transfer

PIMCO recruits Mt. Logan Re CEO to head up ILS push

Pacific Investment Management Company (PIMCO), the asset management company owned by Allianz, has recruited Rick Pagnani, the former chief executive of Everest Re’s sidecar Mt. Logan Re, as head of its ILS business.   11 January 2019

Insurance

Innovation and accessibility

In association with Swiss Re, Monte Carlo Today conducted a survey of senior industry executives ahead of and during the conference.   12 September 2018

Insurance

Gallagher makes key appointments in its UK specialty broking and underwriting divisions

A new head of business development has been created.   11 February 2020

Insurance

AIR Worldwide pegs typhoon Faxai insured losses between $3bn and $7bn

Catastrophe risk modelling firm AIR Worldwide estimates that industry insured losses from Typhoon Faxai, which made landfall in Japan on September 9, will be between JPY 340 billion ($3 billion) and JPY 740 billion ($7 billion).   16 September 2019

Insurance

A new year, a new focus: diversity is at the forefront in 2021, says chair of Link, the LGBT Insurance Network

Legislators and employers are taking a keen interest in D&I, despite the challenges 2020 has thrown at the industry, indicating that the need and desire to go further is not just anecdotal, says Maurice Rose, senior manager, insurance risk and regulation, PwC and chair of Link, in his foreword to Intelligent Insurer's Diversity and Inclusion Report 2021.   12 March 2021

Insurance

DXC Technology appoints new chief executive officer to lead next phase of growth

DXC Technology, a London insurance market service provider, has appointed Mike Salvino as its new president and chief executive officer (CEO).   16 September 2019

Insurance

Liberty Mutual acquisitions 'a transformative step' for Hamilton as it plots growth path

Bermuda-based Hamilton Insurance Group has completed its acquisition of Pembroke Managing Agency and its platform at Lloyd’s, as well as Dublin-based carrier Ironshore Europe DAC (IEDAC), from Liberty Mutual Group.   22 August 2019

Insurance

Global commercial insurance rates enjoy biggest hike since 2012: Marsh

Average commercial insurance prices globally enjoyed their biggest increase since 2012 in the first quarter of 2019, according to Marsh’s Global Insurance Market Index.   17 May 2019

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