Articles

Insurance

Corporate Solutions, catastrophes drag down profits at Swiss Re in first half 2019; CEO remains bullish

Zurich-based global reinsurer Swiss Re's half year 2019 net profit fell despite strong reinsurance performance in both property/casualty and life & health segments and investment gains, due to losses stemming from natural catastrophes, Ethiopian Airlines crash, Boeing 737 MAX fleet grounding, and a large reserve charge for Corporate Solutions business.   31 July 2019

Insurance

AXA XL promotes Simona Fumagalli to lead European financial lines business

AXA XL Insurance has appointed Simona Fumagalli as head of international financial lines, Europe, based in Milan.   30 July 2019

Insurance

Tokio Marine expands professional risks unit with key new hires

Specialty insurance group Tokio Marine has appointed Stuart Wolstenholme and Lucy Smith to further expand its international media, film & TV capabilities within its professional risks division.   25 July 2019

Insurance

AI-powered insurtech FRISS enters UK to tackle insurance fraud

Insurtech FRISS, a provider of artificial intelligence-based fraud and risk solutions for the property/casualty (P&C) insurance industry, has opened its UK office led by Martyn Griffiths.   23 July 2019

Insurance

Catalina appoints Armour's Steve Ryland as UK chief executive

Bermuda-based Catalina Holdings has appointed Steve Ryland as chief executive of its UK operations as part of the company's effort to strengthen its global management team.   19 July 2019

Alternative Risk Transfer

Schroders acquires full ownership of ILS specialist Secquaero; boosts private assets business

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

S&P says Swiss Re ReAssure ratings to remain negative following IPO suspension

S&P Global Ratings has said that its 'A-' ratings on Swiss Re ReAssure (SRRAL) will remain on Credit Watch with negative implications following the suspension of its initial public offering (IPO) on July 11.   17 July 2019

Insurance

Allianz appoints Zurich's Glaucia Smithson as AGCS South America CEO

Allianz Group's corporate insurance carrier has appointed new regional leader for its South American business from Zurich.   17 July 2019

Insurance

Aon appoints Joshua Walker to lead intellectual property product development

Re/insurance broker Aon has appointed Joshua Walker as chief product officer for its intellectual property solutions unit   17 July 2019

Insurance

Arc Legal boosts commercial team with new hires

Arc Legal Assistance, a provider of legal expenses insurance in the UK and Ireland, has expanded its commercial team in response to business growth   17 July 2019

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