Articles

Insurance

Apollo acquires Aspen for $2.6bn

Alternative investment manager Apollo is offering $2.6 billion to buy Bermuda-based Aspen Insurance Holdings and take the insurer private.   28 August 2018

Insurance

European insurers target high-margin lines, reduce cost

European insurance companies are increasingly concentrating on high-margin lines and cost efficiencies in order to meet return on equity (ROE) targets, according to AM Best.   28 August 2018

Insurance

Canopius strengthens specialty unit with Chubb hire

Specialty re/insurer Canopius has hired Sean Redden for a new London-based role as underwriting counsel for its specialty division, with a specific focus on credit and political risk.   28 August 2018

Insurance

Aon appoints Goldman Sachs exec to new global leadership role

Broker Aon has appointed Goldman Sachs' Joel Sulkes as global financial institutions leader, based in New York.   28 August 2018

Insurance

Argo names new US specialty programmes leader

Specialty re/insurer Argo Group International Holdings has appointed Marsh Duncan to serve as senior vice president US specialty programmes.   28 August 2018

Insurance

Allied World Re appoints Asia Pacific treaty reinsurance head

Allied World Assurance Company Holdings has appointed Yeo Meng Wong as senior vice president & general manager, Asia Pacific treaty reinsurance division.   28 August 2018

Insurance

US P&C sector makes $5.3bn underwriting profit in H1

The US property/casualty industry’s net underwriting income improved in the first half of 2018 to $5.3 billion, compared with a $5.0 billion underwriting loss in the same prior-year period, according to data by AM Best.   24 August 2018

Insurance

China court rejects Anbang's jailed ex-chairman appeal

A Chinese court has rejected an appeal by Anbang Insurance Group’s former chairman Wu Xiaohui against a conviction for fundraising fraud and embezzlement that led to an 18-year jail sentence and confiscation of ¥10.5 billion ($1.52 billion), according to an Aug. 16 Reuters report.   17 August 2018

Insurance

Think tank warns of cyber accumulation risk

Cyber insurance offerings and premium volumes have expanded sizeably and accumulation risks need to be addressed in the context of a hyperconnected digital world, the Geneva Association warns.   17 August 2018

Insurance

Aon names US commercial risk broking head

Aon has appointed Brian Wanat as chief broking officer of US commercial risk solutions.   17 August 2018

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