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Legal expenses and assistance provider ARAG has grown its before-the-event (BTE) business in 2017 but said that the turbulences in the after-the-event (ATE) market continue. 14 August 2018
Insurance
Bermuda-based Everest Re Group has appointed Ike Barbatsoulis as chief reinsurance claims officer for Everest’s reinsurance division. 14 August 2018
Insurance
AXIS Capital Holdings has appointed Anne Kelly as global head of ceded reinsurance, effective Sept. 4, 2018. 13 August 2018
Insurance
German re/insurer Talanx recorded an underwriting loss in industrial lines in the first half of 2018, driven by the German fire line and the firm is looking for price increases and restructuring the segment. 13 August 2018
Insurance
Latest data by the London Market Group (LMG) shows that 24 percent of Lloyd’s syndicates missed the target for electronic placement in the second quarter of 2018. 13 August 2018
Insurance
US-based workers’ compensation insurance Pie Insurance completed an $11 million Series A funding round led by Greycroft and including participation from Aspect Ventures, existing investors Sirius Group, Moxley Holdings, and Elefund. 13 August 2018
Insurance
Malta-based legacy re/insurance acquirer DARAG Group has formed a joint venture and announced the acquisition as it plans to expand in the US. 13 August 2018
Insurance
Maiden Holdings is replacing the CEO and the chief financial officer amidst a restructuring of the business. 10 August 2018
Insurance
AmTrust Financial Services, Maiden Holding’s biggest client has continued to drag the reinsurer’s performance in the second quarter of 2018 and both companies decided to reduce the notice period for termination of their quota share agreement from nine months to five months prior to July 1, 2019. 10 August 2018
News
Munich Re will target higher profits by growing its property/casualty (P&C) reinsurance business, turning around its primary insurer ERGO, taking advantage of digitisation and by cutting costs, CEO Joachim Wenning explained during the reinsurer’s second-quarter results presentation. 9 August 2018
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