Articles

Insurance

Allianz goes direct in Europe with new CEO

Germany-based insurance group Allianz is consolidating its European direct business by establishing a new pan-European risk carrier and has appointed Bart Schlatmann CEO of this operation.   31 August 2018

Insurance

Private equity firms buy stakes in Sirius in private placement

Bermuda-based Sirius International Insurance Group has entered into equity subscription agreements with affiliated funds of Gallatin Point Capital, The Carlyle Group, Centerbridge Partners, and Bain Capital Credit.   31 August 2018

Insurance

Lloyd’s open to write Canadian cannabis risks

Lloyd’s said that after taking specialist advice it believes that Lloyd’s underwriters are well positioned to write Canadian cannabis business subject to compliance with local Canadian requirements.   31 August 2018

Insurance

PartnerRe unveils leadership changes, replaces chairman

Bermuda-based PartnerRe has appointed Brian Dowd to succeed John Elkann as chairman of the company’s board of directors alongside several other leadership changes.   31 August 2018

News

Munich Re Specialty taps Aspen, XL Catlin to lead Americas underwriting

Munich Re Specialty Group (MRSG) of London has added former Aspen and XL Catlin executives to lead its underwriting team.   31 August 2018

News

Aon bolsters cyber leadership to boost growth, innovation

Broker Aon has promoted Catherine Mulligan and Luke Foord-Kelcey within its reinsurance solutions business to strengthen its suite of cyber products for insurers.   31 August 2018

Insurance

Facebook evidence helps AXA win fraud case against boxing champion

French insurer AXA has won a fraud court case in the UK against three-time Home Counties boxing champion Conroy Downer by using Facebook evidence.   31 August 2018

Insurance

US P&C sector operating return up 8% in H1

US property/casualty (P&C) re/insurers have improved operating returns by 8.0 percent year on year in the first half of 2018 after an increase of 6.8 percent in the same period of 2017, according to Fitch Ratings.   31 August 2018

Insurance

$2.6bn Aspen deal latest in insurance M&A frenzy

Alternative investment manager Apollo is paying $2.6 billion to buy Bermuda-based Aspen Insurance Holdings and take the insurer private in what is the latest development in a string of insurance deals.   28 August 2018

Insurance

Allstate pays $525m to acquire InfoArmor

US personal lines insurer Allstate Corporation is acquiring employee identity protection provider InfoArmor for $525 million in an all-cash transaction.   28 August 2018

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