Articles

Insurance

Pickel to succeed Wallin as E+S Rück CEO

Hannover Re Group has revealed that Michael Pickel will succeed Ulrich Wallin as chief executive officer (CEO) of its German reinsurance subsidiary E+S Rück.   23 October 2018

Insurance

AXA to sell Ukrainian operations to Fairfax

French insurer AXA is planning to sell all its insurance operations in Ukraine and exit the Ukrainian market.   23 October 2018

Insurance

Generali buys Polish asset manager Union Investment TFI

Italian insurer Generali will acquire Polish asset management company Union Investment TFI from the German Group Union Asset Management Holding to bolster its presence in central and eastern Europe (CEE).   23 October 2018

Insurance

Hyperion unveils new insurtech unit; names new RKH CEO

Intermediary Hyperion Insurance Group will establish a new technology-focused business that will manage the group's third-party insurtech investments, as well as incubate its own start-up ventures.   23 October 2018

Insurance

Liberty Mutual places Lloyd's carrier Pembroke under "strategic review"

Property/casualty insurer Liberty Mutual Insurance is undertaking a strategic review of its London-based Pembroke Managing Agency, which came into its portfolio when it acquired lronshore in May 2017.   23 October 2018

Insurance

Insurtech Azur raises £13.3m to target new products and markets

Azur, a managing digital agent (MGA), has completed its series B funding round, raising £13.3m of funding and support from AIG, Ascot Group (owned by CPPIB, the Canada Pension Plan Investment Board), Hyperion Insurance Group and the serial fintech angel and entrepreneur Richard Little.   23 October 2018

Insurance

Brown & Brown acquires US broker Hays Companies

Broker Brown & Brown is acquiring the insurance operations of Minneapolis-based Hays Companies, a brokerage firm that operates across 21 US states.   23 October 2018

Insurance

Miller to acquire London market broker Alston Gayler

Broker Miller will acquire Alston Gayler and Co, an independent London market re/insurance broker specialising in multiple lines of business, from Nelson Holdings.   22 October 2018

News

Ed embraces insurtech to put specialist products on line

Advances being made by insurtech will be fundamental to the industry going forward and is a key part of the strategy of broker Ed for this reason, Jonathan Prinn, group head of broking at Ed, told Baden-Baden Today.   22 October 2018

News

Japan events drive Swiss Re Q3 nat cat loss to $1.1bn

Swiss Re estimates its preliminary combined claims burden from recent large natural catastrophes in the third quarter of 2018 at approximately $1.1 billion, net of retrocession and before tax, dominated by weather-related losses in Japan.   18 October 2018

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