Articles

Insurance

P&C sector faces higher Q4 cat losses: KBW

P&C re/insurers face higher year on year catastrophe losses in the fourth quarter of 2018 results reflecting hurricane Michael, California wildfires, and some smaller events, but overall losses should be manageable, according to Keefe, Bruyette & Woods (KBW) analysts.   14 January 2019

Insurance

HDI Global Specialty writes €1bn in premiums, appoints CEO

HDI Global Specialty, a creation of a merger of the specialty lines activities of Hannover Re and HDI Global, has appointed its first chief executive and said it underwrote more than €1 billion in premium volume at the start of the year.   8 January 2019

Insurance

Arthur J. Gallagher to acquire UK broker Stackhouse Poland

Arthur J. Gallagher & Co will acquire specialist UK insurance broker Stackhouse Poland Group in a deal expected to close in the first quarter 2019.   7 January 2019

News

IAG again expands cat coverage by A$1bn at ‘flat’ renewal rates

Insurance Australia Group (IAG), which buys one of the biggest catastrophe reinsurance programmes in the world, has again increased the size of its programme to buy some A$9 billion ($6.3 billion) of coverage for 2019 - A$1 billion more than the year before.   3 January 2019

Insurance

Nexus acquires Hiscox Global Flying

Specialty managing general agent (MGA) Nexus Group has acquired Hiscox Global Flying (HGF), a provider of insurance for aviation professionals.   21 December 2018

Insurance

Butt becomes Neon Underwriting CEO

Lloyd’s managing agency Neon Underwriting (NUL) has promoted Theo Butt to CEO and Matthew Washington to managing director with immediate effect.   21 December 2018

Insurance

Marsh again reshuffles management post JLT acquisition

Marsh has appointed its key leaders for its regional, specialty, and placement teams worldwide which will become effective after the closing of the JLT acquisition by Marsh & McLennan Companies.   19 December 2018

Insurance

Chaucer takeover by China Re receives approval

The European Commission has approved the acquisition of Chaucer by China Reinsurance Group Corporation on December 18.   19 December 2018

Insurance

Underwriting converges with risk management, says Flyreel CEO

The underwriting process is converging with the risk management activities of insurers, Cole Winans, CEO of Flyreel, told Intelligent Insurer.   18 December 2018

Insurance

Hiscox appoints Thaker as UK CEO

Specialist insurer Hiscox has appointed Bob Thaker as its new UK CEO, effective March 2019.   17 December 2018

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