News

Insurance

RSA reshuffles Middle East leadership; appoints CEOs Martin Rueegg and Praveen Kumar

RSA has hired Martin Rueegg from AXA to be its new chief executive (CEO) of the Middle East and UAE, replacing Lloyd East who will move to RSA’s Canadian operation Johnson to become vice president of strategic operations and chief operating officer (COO). Rueegg will take up his new post in September.   22 July 2019

Insurance

AXA XL appoints Paul-Henri Rastoul as Chief Underwriting Officer, XL Insurance Company SE

Reinsurer AXA XL has appointed Paul-Henri Rastoul as chief underwriting officer at XL Insurance Company SE.   22 July 2019

Insurance

Mirnik to succeed Štěpán as VIG Re head of Central & Eastern Europe

Czech Republic-based reinsurer VIG Re has appointed Aleš Mirnik as new head of Central & Eastern Europe, succeeding Petr Štěpán.   19 July 2019

Insurance

Generali expands into Portugal with two acquisitions worth €600m in total

Global insurer Generali has agreed two acquisition deals worth a total of €600 million to become the second largest non-life group in Portugal with a market share of 18.7 percent, making it the third largest business in the market.   19 July 2019

Insurance

Munich Re expects €1bn profit in second quarter 2019 due to lower expenditure and high reserve releases

Germany-based global reinsurer Munich Re expects to report a consolidated result of approximately €1 billion for the second quarter of 2019.   19 July 2019

Insurance

The long shadow of asbestos

New figures from the UK Health and Safety Executive point to a possible peak in the number of asbestos-related deaths from mesothelioma. Intelligent Insurer investigates.   19 July 2019

Insurance

RMS: Hurricane Barry insured losses will not top $500m in US

Insured losses from Hurricane Barry, the second named storm of the 2019 North Atlantic hurricane season, will not top $500 million, global risk modeling and analytics firm RMS has said.   19 July 2019

Insurance

AFL taps UIB senior brokers Ritson and Draper to lead property and energy expansion

Independent Lloyd’s broker AFL Insurance Brokers has hired experienced brokers Mark Ritson and Peter Draper as directors of international property and energy.   19 July 2019

Insurance

AIG appoints global head of real estate from Goldman Sachs

American International Group (AIG) has appointed James Love as global head of real estate, effective August 6.   18 July 2019

Insurance

Insurance market in Russia bounces back but threats remain: AM Best

Russia's insurance market has reached a positive turning point as premiums grew in 2018 driven by life and non-life products, however, credit ratings agency AM Best warned that the recovery was “fragile” as threats remain.   18 July 2019

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