News
Insurance
Specialist insurer Markel has acquired a minority ownership interest in managing general agent (MGA) The Hagerty Group for a total consideration of $212.5 million. 1 August 2019
Insurance
Bermuda-based James River Group Holdings's chief executive officer Robert Myron is stepping down from the top position due to ill health, the company said July 31. 1 August 2019
Insurance
WTW’s CEO Haley extols ‘healthy growth’ and excitement about TRANZACT acquisition in Q2 2019 results
Broker Willis Towers Watson (WTW) reported “healthy growth” and expressed excitement about the completion of the TRANZACT acquisition, as the company unveiled its second quarter results for 2019. 31 July 2019
Insurance
Swiss Re has appointed Urs Baertschi as new CEO reinsurance EMEA, regional president and member of the group executive committee effective Sept. 1, 2019, replacing Russell Higginbotham. 31 July 2019
Insurance
Specialty re/insurer Chaucer has appointed Jonathan Sutcliffe to the newly created role of head of underwriting at Chaucer Insurance Company DAC in Ireland, which trades as Chaucer Dublin. 31 July 2019
Insurance
Broker Arthur J Gallagher has acquired US-based commercial retail property/casualty broker Gillis, Ellis & Baker. 31 July 2019
Insurance
Zurich-based global reinsurer Swiss Re's half year 2019 net profit fell despite strong reinsurance performance in both property/casualty and life & health segments and investment gains, due to losses stemming from natural catastrophes, Ethiopian Airlines crash, Boeing 737 MAX fleet grounding, and a large reserve charge for Corporate Solutions business. 31 July 2019
Insurance
Bermuda-based re/insurer AXIS Capital's CEO reports “strong” second quarter results were “made possible” by continuing improvement in core underwriting margins, operating return on equity of 12.3 percent, and a 6 percent growth in book value per share. 31 July 2019
Insurance
Bermuda-based Arch Capital Group has agreed to acquire Barbican Group Holdings from funds managed by US alternative asset management firm Carlson Capital, in a move aimed at expanding its Lloyd’s and London market footprint. 31 July 2019
Insurance
London-based specialty insurer Newline Group is expanding its global footprint by joining Lloyd’s representative office in Mexico City, to serve clients in Latin America and the Caribbean. 31 July 2019
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