Articles
Insurance
Shareholders voted “overwhelmingly in favour” of directors put forward by re/insurance firm Argo at its AGM, crushing a bid to change direction at the top of the company by activist investor Voce Capital Management. 28 May 2019
Insurance
Talbot Underwriting, a subsidiary of American International Group (previously Validus Holdings), is closing its Australian office and Lloyd’s China division, in a move the company hopes will bring "enhanced value" to its partners in the region. 28 May 2019
Insurance
Norwich-based insurance provider for the sharing economy Pikl has raised £2.5 million seed/pre-series A funding from Sir Peter Wood, the founder of Direct Line and Esure. 28 May 2019
Insurance
Bermuda-based re/insurer Everest Re Group has appointed Stone Point Capital founding partner Meryl Hartzband to its board of directors. 28 May 2019
Insurance
Specialist insurer Markel International has appointed Rajesh Sinha as head of personal accident, contingency and entertainment (PACE) in Asia. 28 May 2019
Insurance
The European insurance sector will continue to consolidate in 2019, with varying credit impacts, according to the latest Moody's Investors Service report. 23 May 2019
Insurance
Liberty Mutual Re, the reinsurance arm of Liberty Specialty Markets (LSM), is launching a new operation under Lloyd’s registration in Mexico to serve clients in the Mexican market and Central America. 23 May 2019
Alternative Risk Transfer
French reinsurer SCOR’s portfolio management company is acquiring 100 percent of the capital of insurance-linked securities (ILS) fund manager Coriolis Capital, in a move aimed at expanding its capacity on the ILS market, reaching an aggregate sum of $2.1 billion of assets under management (AUM) and operating in both Paris and London. 23 May 2019
Insurance
Ariel Re, a subsidiary of Bermuda-based Argo Group, has appointed Sean Kelly to the newly-created role of senior vice president, specialty underwriter, credit and financial products. 23 May 2019
Insurance
Specialty insurance company ProAssurance Corporation has appointed Edward Rand, Jr., the company’s president and chief operating officer, to succeed Stancil Starnes as chief executive officer from July 1, 2019. 23 May 2019
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