Articles

Insurance

Tokio Marine looks to expand in Benelux surety market due to rise in demand and capacity providers

Specialty insurance group Tokio Marine HCC has hired senior Chubb and Euler Hermes executives to expand its international surety capabilities into Continental Europe. The company believes the region has experienced high demand and an increase in capacity providers in the last five years.   18 July 2019

Insurance

DARAG acquires One Re to enter into the UK market following capital strengthening

Run-off specialist DARAG Group has agreed to acquire London-based non-life reinsurance company One Re, which provided reinsurance to African-based insurers for industrial property risks and engineering projects from 2015 to 2018.   18 July 2019

Insurance

Willis Towers Watson swoops on Marsh financial institutions trio for Canada expansion

Broker Willis Towers Watson has recruited three senior executives from Marsh & McLennan to lead its expansion into the Canadian financial institutions (FI) market.   18 July 2019

Insurance

Carmilani leaves Allied World to take organic growth role at Fairfax; successor revealed

Canada-based property and casualty re/insurance conglomerate Fairfax Financial Holdings has appointed Allied World CEO Scott Carmilani in a new role that it hopes will help promote organic growth and collaboration initiatives across its global operations.   18 July 2019

Insurance

Hamilton appoints Krishnamoorthy CTO to develop data-driven technology strategy

Bermuda-based Hamilton Insurance Group has appointed Venkat Krishnamoorthy to the newly-created position of chief technology officer (CTO), responsible for the development of the company’s data-driven technology strategy and execution.   18 July 2019

Insurance

Aon names Darren Zeidel as general counsel succeeding Peter Lieb

Re/insurance broker Aon has appointed Darren Zeidel as new executive vice president, general counsel and company secretary, succeeding Peter Lieb who is leaving the firm.   18 July 2019

Insurance

Victor appoints John Stephenson to UK country manager role

Victor Insurance Holdings, a managing general underwriter (MGU) formerly known as the Schinnerer Group, has appointed John Stephenson as UK country manager, and Fred Willemze as strategic partnerships director.   17 July 2019

Insurance

Moody's goes negative on 19 Argentine insurers and financial guarantors' outlook

Rating agency Moody's has revised the outlook of 13 insurers and six financial guarantors in Argentina to negative from stable due to concerns over their asset quality, profitability and capital adequacy, following the change in Argentine's sovereign rating.   17 July 2019

Insurance

International Re launches first re/insurance solution for mid-sized captives

Specialist captive managing general agent (MGA) International Re (I–RE) has launched a re/insurance solution for mid-sized captives with the establishment of I–RE SA.   16 July 2019

Insurance

Fidelis Group names senior claims manager

Louisiana-headquartered Fidelis Group Holdings (FGH) has hired Mark Taylor as senior manager of its claims division.   16 July 2019

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