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Insurance
ArgoGlobal has led the first Lloyd’s market consortium for motor treaty business, according to a Feb. 12 press release. 12 February 2018
Insurance
Brokerslink, a global network of independent brokers, has appointed Jacqueline Legrand as its new CEO. 8 February 2018
Insurance
Jardine Lloyd Thompson Group (JLT) has hired AIG's former aerospace and marine leader Joe Trotti to become the broker’s global practice head of aviation, and join its new global specialty leadership team. 7 February 2018
News
Reinsurance intermediary Aon Benfield UK has appointed Leonora Siccardi as chief operating officer, reporting to UK CEO Nick Frankland. This new role is in addition to her other executive responsibilities. 5 February 2018
Insurance
Reinsurance, wholesale and specialty broker Ed has appointed Marcus Taylor as head of reinsurance Asia Pacific. 5 February 2018
Insurance
The global reinsurance market remains challenged by various market forces that will continue to shape the landscape over the near term. The recently announced acquisition of Validus Re by AIG is just the latest chapter in the evolution of the traditional reinsurance model, where specialty focused businesses seek shelter as part of a significantly larger globally diversified enterprise. 2 February 2018
Insurance
Validus Holdings made a loss in 2017 but it enjoyed solid growth and, as the company prepares for life owned by AIG, its CEO said it has been able to take advantage of rate increases while reducing its peak US hurricane exposure. 2 February 2018
Insurance
XL Group made a net loss of $560.4 million in 2017 – a big reversal on the $440 million net profit it posted the year before. But its CEO said the company has learned from the 2017 catastrophe experience and is adjusting its portfolio accordingly. 2 February 2018
Insurance
Sompo International Holdings (SIH) has completed the transfer of the Sompo America companies’ business operations and staff into its own Bermuda-based platform. 2 February 2018
Insurance
Western European re/insurers face limited growth prospects and a continued backdrop of low investment returns, yet in the last 12 months, AM Best-rated entities have demonstrated stable credit ratings and upgrades have outnumbered downgrades. 2 February 2018
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