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IGI’s Jabsheh praises 2018 results ‘solid performance’ as net profit up 237%
Insurance
IGI’s Jabsheh praises 2018 results ‘solid performance’ as net profit up 237%
International General Insurance Holdings chief executive officer Wasef Jabsheh lauded the insurer’s “solid performance” as the company's net profits rose substantially in 2018.   25 March 2019
Volante hires senior underwriting trio to spearhead Canadian expansion
Insurance
Volante hires senior underwriting trio to spearhead Canadian expansion
UK-based managing general agent (MGA) platform Volante Global has hired three senior underwriters to spearhead its entry into the Canadian market.   25 March 2019
AJG’s Alesco feared ‘planned attack’ of poaching by Ross’ Ardonagh
Insurance
AJG’s Alesco feared ‘planned attack’ of poaching by Ross’ Ardonagh
The departure of four people from an Arthur J Gallagher team to join the Ardonagh group was viewed as a “planned attack”, according to John Thompson, a managing partner at Alesco, as he gave evidence in the poaching case brought by AJG.   25 March 2019
Insurance
Liberty confirms new headquarters in Luxembourg ahead of Brexit
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has confirmed it has opened its new headquarters in Luxembourg city.   21 March 2019
Insurance
R&Q’s Accredited partners with specialty MGA Pronto in California
A Randall & Quilter Florida-domiciled subsidiary has confirmed a program underwriting partnership with Pronto General Insurance Agency (Pronto).   21 March 2019
Insurance
Alesco and Africa Re seek $3.5bn Lloyd’s capacity for Equatorial Guinea upstream energy risk
Broker Alesco Risk Management Services and Africa Re have launched a $3.5 billion reinsurance facility designed to cover all international upstream energy insurance programmes written from Equatorial Guinea.   20 March 2019
Insurance
Chaucer appoints China Re P&C exec Dr Zuo Huiqiang as new non exec
Specialty re/insurer Chaucer has appointed Dr Zuo Huiqiang, the deputy general manager of China Re P&C, as a non-executive director of Chaucer Syndicates, the group’s Lloyd’s managing agency.   20 March 2019
Insurance
Arch Insurance invests in UK insurtech MGA Archipelago Risk Services
Arch Insurance International has invested in Archipelago Risk Services (Archipelago), a personal lines managing general agency backed with underwriting capacity from Arch Insurance (UK).   20 March 2019
News
Munich Re unveils ‘ambitious’ group profit target of €2.5bn for 2019
In its 2019 outlook, Munich Re has unveiled a group profit target of around €2.5bn, saying the reinsurer is “on track” to achieve this.   20 March 2019
Insurance
PERse sets up Miami office to focus on LATAM renewable energy
Specialty property and casualty insurer for power and energy PERse (Power.Energy.Risk) has set up an office in Miami with a new team to focus on underwriting renewable energy projects in Latin America.   19 March 2019

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