News

Insurance

Amynta Group appoints new chief executive officer from Bank of America Merrill Lynch

Amynta Group, a group of warranty, managing general agent (MGA) and specialty risk companies, has appointed Robert Giammarco as the new chairman and chief executive officer (CEO).   25 April 2019

Insurance

Voce rejects Argo’s defence on corporate spend and publishes flight logs

Activist investor Voce Capital has hit back at Argo after the insurer published a detailed defence rejecting allegations of misuse of corporate funds and urging shareholders to ignore blue proxy ballots sent out by Voce.   24 April 2019

Insurance

Aviva's UK head Briggs departs as new CEO Tulloch overhauls top management

Aviva's director and UK insurance CEO Andy Briggs has stepped down with immediate effect after the company announced a series of changes to its senior leadership team in a bid to bring "greater energy, pace and commercial thinking".   24 April 2019

Insurance

Swiss Re Corporate Solutions appoints new Latin America CEO from Allianz

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has appointed Angelo Colombo as the new CEO of Latin America, effective from October 2019.   24 April 2019

Alternative Risk Transfer

Guernsey’s new ILS hybrid: even closer to the risk

Christopher Anderson, partner at law firm Carey Olsen in Guernsey, has introduced the concept of a hybrid ILS vehicle. Here he explains why and how he came up with the idea.   24 April 2019

Insurance

Lockton launches agribusiness practice in Asia Pacific with JLT hire

Broker Lockton has launched a food and agribusiness practice across Asia-Pacific with the hiring of Stephane Baldanoff as regional director.   24 April 2019

Insurance

Cyber security readiness ‘stalls’ as attacks intensify, finds insurer Hiscox

Global cyber security has “stalled” despite a sharp rise in attacks and soaring costs from the fall out, according to the Hiscox Cyber Readiness Report 2019.   24 April 2019

Alternative Risk Transfer

Prudential closes $2.6bn longevity reinsurance deals in pre-Brexit rush

Prudential Retirement, a unit of Prudential Financial, has completed approximately $2.6 billion in previously undisclosed longevity reinsurance contracts, assuming the longevity risks of about 16,000 pensioners, ahead of Brexit.   24 April 2019

Insurance

Aon merges construction and inland marine groups in growth strategy

Re/insurance broker Aon is merging its construction & engineering and inland marine teams into a single global unit within its reinsurance solutions business, in a move it hopes will enhance its growth opportunities.   24 April 2019

Insurance

Axon makes strategic move into Latin America with $10m backing from Asian partners

Specialty lines programme administrator Axon Underwriting has launched a new reinsurance unit, Axon Re, to expand its cargo and stock throughput reinsurance programme across Latin America.   24 April 2019

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