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Insurance
Allianz appoints new group chief investment officer
Germany’s Allianz said on Oct. 10 that Carsten Quitter will become Allianz group chief investment Officer (Group CIO) and, as managing director, will take over as co-lead of Allianz Investment Management (AIM) on January 1, 2018.   11 October 2017
Insurance
Advent Claims establishes European operation in post-Brexit move
Advent Claims, a division of Advent Insurance Management, has entered into a partnership agreement with pan-European claims specialist Van Ameyde to provide support after Brexit.   11 October 2017
Insurance
BPL and EIA form new joint venture in New York
Specialist credit and political risk insurance brokers BPL Global and EIA Global have signed a memorandum of understanding (MoU) to form a joint venture insurance broking company in New York, focusing on global financial institutions.   11 October 2017
Insurance
Brokerslink launches cyber risk management and insurance facility
Global broking company Brokerslink said on Oct. 11 that it launched a new cyber risk management and insurance facility together with service provider Safeonline.   11 October 2017
Insurance
MAI CEE hires Marsh exec for Central and Eastern European expansion
Insurance broker MAI CEE has hired Petr Antošík to fuel its Central and Eastern European expansion.   11 October 2017
Insurance
Marsh names head of Glasgow operations
Global insurance broking and risk management firm Marsh has appointed Maureen Robertson as head of its Glasgow office, and Martin McKenna as regional sales leader, Scotland.   5 October 2017
Insurance
Lloyd’s faces 2017 pre-tax loss due to nat cat events: Moody’s
Lloyd’s of London faces a pre-tax loss in 2017 due to the hurricanes that struck North America in the third quarter, according to Moody’s.   5 October 2017
Insurance
GIC Re to raise up to $1.7bn in IPO as it seeks international expansion
State-owned General Insurance Corp of India’s (GIC Re) is expected to raise 113.7 billion rupees ($1.7 billion) in an initial public offering to run from Oct. 11. and Oct. 13, 2017 as it plans to grow internationally.   5 October 2017
Insurance
Lloyd’s Council member Fleming resigns
Specialist re/insurance market Lloyd’s of London said on Oct. 5 that former Morgan Stanley executive Greg Fleming will be standing down from his position on the Lloyd’s Council as a nominated member due to work commitments.   5 October 2017
Insurance
RenaissanceRe faces $625m nat cat hit in Q3
Bermuda-based RenaissanceRe Holdings said on Oct. 4 that it anticipates an initial estimated net negative impact of $625 million from Hurricanes Harvey, Irma and Maria and the Mexico City Earthquake.   5 October 2017

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