News
Insurance
Insurance brokerage Arthur J Gallagher has expanded its specialist capabilities in credit and political risks insurance with the appointment of Rupert Boyle and Nick Ollerenshaw as executive directors, based in London. 4 November 2016
Insurance
A soft market in property/casualty has pushed down Swiss Re’s results in the third quarter and in the absence of attractive investment opportunities the reinsurer decides to return excess capital to investors. 3 November 2016
Insurance
Pioneer Special Risk (PSR), a division of Pioneer Underwriters, has launched a specialty contractors’ and crane operators’ liability underwriting capability with the appointment of Mary Wiseley as senior vice president. 3 November 2016
Insurance
Insurance broker Miller has appointed Alastair Dalrymple as head of its upstream energy growth strategy in North America. 3 November 2016
Insurance
Maiden Holdings increased its net income substantially in the third quarter of 2016 while the two reinsurance segments it operates through, Diversified Reinsurance and AmTrust Reinsurance, enjoyed solid growth. 3 November 2016
Insurance
Wells Fargo Insurance, part of Wells Fargo & Company, has appointed Mike Taylor as senior vice president and managing director for its local operations in Alaska and Washington. 2 November 2016
Insurance
Allied World is shrinking its business in P&C, aviation and marine in order to protect profitability – but its CEO has not ruled out growth via mergers & acquisitions (M&A). 2 November 2016
Alternative Risk Transfer
Elliott Management Corporation, a hedge fund manager based in London, will acquire a controlling interest in Aeolus Capital Management (ACM), a Bermuda-based manager of insurance-linked securities (ILS), and its affiliates. 2 November 2016
Insurance
PIB Insurance Brokers has entered into an agreement to acquire Carmichael & Partners, an Aberdeen-based general insurance broker specialising in in the delivery of bespoke professional services to businesses in Aberdeen and North of Scotland. 1 November 2016
Insurance
Allied World posted a net profit in the third quarter of 2016 after a loss in the same period a year ago. 1 November 2016
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