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Voce drops Argo board proposals after regulatory ‘flip-flop’
Insurance
Activist investor Voce Capital Management has withdrawn its controversial board nominations ahead of insurer Argo’s annual general meeting after official state approval was revoked.   22 May 2019
Legal bid to save British Steel with disputed £30m insurance claim usurped by insolvency
Insurance
A last ditch attempt by British Steel to claim a disputed £30 million in insurance from Zurich Insurance and Liberty Insurance to potentially save the firm from insolvency has failed as Intelligent Insurer went to press.   22 May 2019
Aon, CNA, Everest Re and Hartford among 15 new members joining blockchain consortium
Insurance
Seven insurance firms have joined the property and casualty sector of The Institutes RiskStream Collaborative, an organisation testing blockchain-based applications, including a proof of insurance, and a first notice of loss data-sharing process.   22 May 2019
Insurance
Technology is being used in increasingly flexible ways to create the insurance products needed by the modern world.   22 May 2019
Insurance
Munich Re Life has appointed Quentin Marsh as new chief financial officer (CFO) of US life and health.   22 May 2019
Insurance
Canada-based Fairfax Financial Holdings, the property and casualty re/insurance conglomerate which includes OdysseyRe, Allied World and Brit, has appointed John Varnell to serve as its chief financial officer (CFO) on an interim basis following the sudden and unexpected death of David Bonham this past weekend.   22 May 2019
Insurance
Willis Re, the reinsurance division of broker Willis Towers Watson, has entered into a strategic partnership with London-based insurtech company Concirrus.   22 May 2019
Insurance
Bermuda-based specialty re/insurer Sompo International Holdings has hired Udo Pützer to join the company’s European insurance platform as head of financial lines insurance, Germany.   21 May 2019
Insurance
Rating agency AM Best has revised the outlook of Bermuda-based reinsurer Third Point Re to negative from stable, expressing "concerns over the company’s business profile", its ability to make underwriting profits, and the recent changes in its senior management including the departure of its CEO Robert Bredahl.   17 May 2019
Insurance
US-based property/casualty insurer The Hartford has received all regulatory approvals necessary for the closing of its acquisition of global specialty insurance holding The Navigators Group.   17 May 2019

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