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Insurance
Bermuda-based Validus Holdings has named Kean Driscoll as the president of the company. 11 May 2017
Insurance
Insurance broker Charles Monat Associates (CMA), which has a prominent presence in Asia, has agreed to a management buyout (MBO) to acquire 100 percent of the global wealth solutions business of Willis Towers Watson. 11 May 2017
Insurance
Twelve Capital, the independent investment manager specialising in insurance, has hired a new director within its portfolio management team who will have a principal concentration on catastrophe bond strategies. 9 May 2017
Alternative Risk Transfer
PineBridge Investments, a global multi-asset class investment manager, has appointed Alain Meyer as head of Switzerland and Austria for the firm. 9 May 2017
Awards
The chief executive officer of Lloyd’s Inga Beale has been selected as this year’s recipient of the APIW Insurance Woman of the Year award. 8 May 2017
Insurance
Severe wind and hail storm losses have dented Boston-based Liberty Mutual Holding Company’s profits in the first quarter of 2017 while the company grew organically and via the acquisition of Ironshore. 5 May 2017
Insurance
Strong investment results helped boost an otherwise tepid set of first quarter results for Alleghany Corporation, which owns TransRe, in which its profits dipped because of lower underwriting profits less reserve developments and the business also shrank slightly. 5 May 2017
Insurance
German insurer Allianz has elected former CEO Michael Diekmann to become the firm’s chairman, replacing Helmut Perlet. 5 May 2017
News
Bermuda-based property/casualty reinsurer Third Point Re has reported a profit in the first quarter of 2017 after a loss in the same period a year ago due to significant improvements in investment returns. 5 May 2017
Insurance
The Insurance Council of Australia (ICA) has appointed Chris Mackinnon, Lloyd’s Australia’s general representative in Australia and Rajbir Nanra, CEO general insurance of Zurich Financial Services Australia, to its board of directors. 5 May 2017
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