News
Insurance
US insurer FedNat Holding Company (FedNat) has reported gross catastrophe losses of $17 million, including $15.5 million from the company’s non-Florida property business in Q2 2019. 18 July 2019
Insurance
Germany-based Allianz Group's digital investment unit Allianz X has led the Series A funding round of environmental, social, and governance (ESG) data provider Arabesque S-Ray, which uses big data and machine learning technology to assess the sustainability performance of companies. 18 July 2019
Alternative Risk Transfer
Schroders has reinforced its private assets business by taking full control of Zurich-based insurance linked securities (ILS) investor Secquaero Advisors. 18 July 2019
Insurance
The Association of Bermuda Insurers and Reinsurers (ABIR) has elected Hamilton CEO Pina Albo as its deputy chair, and added Stephen Catlin and Paul Brand's newly launched specialty re/insurer Convex Group to its membership. 18 July 2019
Insurance
Risk management provider Artex has promoted Stephen Thompsett to chief operating officer (COO) and Brandon Marshall to chief financial officer (CFO). 18 July 2019
Insurance
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
Insurance
Specialty insurance group Tokio Marine HCC has hired senior Chubb and Euler Hermes executives to expand its international surety capabilities into Continental Europe. The company believes the region has experienced high demand and an increase in capacity providers in the last five years. 18 July 2019
Insurance
Run-off specialist DARAG Group has agreed to acquire London-based non-life reinsurance company One Re, which provided reinsurance to African-based insurers for industrial property risks and engineering projects from 2015 to 2018. 18 July 2019
Insurance
Broker Willis Towers Watson has recruited three senior executives from Marsh & McLennan to lead its expansion into the Canadian financial institutions (FI) market. 18 July 2019
Insurance
Canada-based property and casualty re/insurance conglomerate Fairfax Financial Holdings has appointed Allied World CEO Scott Carmilani in a new role that it hopes will help promote organic growth and collaboration initiatives across its global operations. 18 July 2019
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