Articles

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

Alternative Risk Transfer

FEMA grows NFIP flood reinsurance to $2.12bn with new $300m cat bond

The US Federal Emergency Management Agency (FEMA) has secured a $300 million reinsurance placement for the National Flood Insurance Program (NFIP) from the capital markets investors, brings the total flood cover to $2.12 billion.   23 April 2019

Insurance

Maiden at risk of Nasdaq delisting over share price

Nasdaq has warned reinsurer Maiden Holdings that it has failed to meet the stock market’s continued listing requirements and that it risks potentially being delisted.   23 April 2019

Insurance

Marsh, Guy Carpenter, JLT to merge LatAm facultative reinsurance under Andrew Perry

Broker Marsh & McLennan Companies (MMC) is merging the Latin American facultative reinsurance operations of its wholly owned subsidiaries Marsh and Guy Carpenter with that of Jardine Lloyd Thompson Group (JLT). The combined business will be known as Carpenter Marsh Fac Re.   23 April 2019

Insurance

Talanx, Hannover Re change underwriting policies for coal-based risks

Germany-based Talanx Group and Hannover Re have tightened their underwriting policies to reduce reinsurance cover for coal-based risks.   18 April 2019

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