News

Insurance

ArgoGlobal appoints new active underwriter for Lloyd's Syndicate 1200

Lloyd's insurer and member of Argo Group, ArgoGlobal, has appointed John Moffatt to serve as active underwriter for Syndicate 1200, replacing Steve Eccles who is leaving the company immediately.   29 July 2019

Insurance

US-based Cobbs Allen launches new specialty broking unit

US-based independent agency Cobbs Allen has launched a specialty insurance brokerage business with the hiring of senior insurance executives Paul Sparks and Darren Sonderman.   29 July 2019

Insurance

Marsh appoints JLT's Ian Drillot as head of Guernsey captive operations

Broker Marsh has appointed Ian Drillot as new head of office, Marsh Captive Solutions, Guernsey, succeeding Stephen Hawkes, who is returning to the UK to take up a new role developing the company's international captive solutions.   29 July 2019

Insurance

Blue Capital Re to wind up operations, pursue run-off of liabilities and in-force treaties

Blue Capital Reinsurance Holdings has decided to cease active operations and pursue an orderly run-off of its liabilities and in-force portfolio and return capital to shareholders as it winds up operations.   26 July 2019

Alternative Risk Transfer

Arch secures $700m ILS reinsurance for mortgage risk with Bellemeade Re

Bermuda-based Arch Capital Group' US mortgage insurance operation Arch Mortgage Insurance Company (Arch MI) has confirmed a $700 million of indemnity reinsurance from special purpose reinsurer Bellemeade Re 2019-3 in an insurance-linked security (ILS) deal.   26 July 2019

Insurance

Mapfre Re reports almost 30% drop in profits in group H1 2019 results

Spanish based global re/insurer Mapfre reported modest revenue and premium growth overall in its results for the first half of 2019, but its reinsurance business Mapfre Re fared less well with a nearly 30 percent drop in net profit results.   26 July 2019

Insurance

Markel to wind down CatCo Re, launch new retrocessional ILS platform

Specialty insurer Markel Corporation intends to establish a new retrocessional insurance linked securities (ILS) fund platform ahead of the 2020 renewal period in Bermuda, comprised of a reinsurance company, fund entity and investment manager.   26 July 2019

Insurance

RGA elects Hamilton chief Pina Albo; says diversity a 'key priority' for board

Reinsurance Group of America (RGA) has appointed Hamilton CEO Pina Albo to its board of directors, increasing the female representation on its board to 38 percent.   26 July 2019

Insurance

Tokio Marine expands into Mexico with new subsidiary targeting surety market

Specialty insurance group Tokio Marine HCC has formed a new Mexican subsidiary to further expand its international surety operations.   26 July 2019

Insurance

AXA XL partners with insurtech MGU Vindati on Ocean Cargo insurance for SMEs

Insurer AXA XL has partnered with insurtech managing general underwriter (MGU) Vindati to offer Ocean Cargo insurance for small and middle-sized businesses in the US.   26 July 2019

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