News

Insurance

Nationwide names Walker as next CEO succeeding Rasmussen

US-based insurance and financial services provider Nationwide has named Kirt Walker as chief executive officer-elect, succeeding CEO Steve Rasmussen who is set to retire in the fall.   6 June 2019

Insurance

Aspen Re taps North American property catastrophe leader from Tokio Millennium Re

Bermuda-based Aspen Insurance Holdings has appointed Meredith Head as head of North American property catastrophe at its reinsurance segment Aspen Re. He will be based in Bermuda and join in September 2019.   6 June 2019

Insurance

Eurobase appoints new group insurance director from Aviva

Re/insurance software provider Eurobase has appointed Mark Broadhurst as group director insurance and member of the board.   6 June 2019

Insurance

AI-driven insurtech Getsafe draws $17m funding for international expansion

Germany-based insurtech start-up Getsafe has raised $17 million (€15 million) Series A funding for its artificial intelligence (AI) powered insurance business.   6 June 2019

Insurance

BMS gets long-term capital infusion from BCI and PCP at £500m valuation

Specialist re/insurance broker BMS Group has secured a significant long-term investment from British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP).   6 June 2019

Insurance

Aon picks insurtech CyberCube to improve cyber risk modelling capabilities

Re/insurance broker Aon has partnered with cyber risk analytics provider CyberCube to help improve its cyber aggregation risk modelling capabilities.   6 June 2019

Insurance

Stephen Catlin joins technology-focused investment firm Motive Partners

Industry veteran Stephen Catlin has joined Motive Partners, an investment firm focused on technology companies in the financial services industry, as a member of its global advisory council.   5 June 2019

Insurance

UK's PIB Group acquires Cobra group of companies

UK-based insurance intermediary PIB Group has acquired the Cobra group of companies, taking the amount of premium placed or influenced by PIB from £550 million to £900 million.   5 June 2019

Insurance

AIG appoints McElroy to lead NA general insurance and Levinson as Lexington CEO

American International Group (AIG) has promoted David McElroy, currently president and CEO of Lexington, to president and CEO of general insurance operations in North America, taking over from Lex Baugh.   5 June 2019

Insurance

United expands catastrophe reinsurance tower to $4bn

Florida-based property and casualty insurance company United Insurance Holdings (UPC) has renewed its catastrophe reinsurance programmes, taking its total limit to $4 billion.   5 June 2019

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