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Insurance
Insurance broker Lockton has appointed Mark Moitoso to lead its risk practices organisation, supporting the insurance broker’s property/casualty clients. 26 February 2018
Insurance
The Chinese government seized control of Anbang Insurance Group and said its chairman had been prosecuted, according to a Reuters Feb. 23 report. 23 February 2018
Insurance
Standard Life Aberdeen is selling its insurance business to UK-based insurance services provider Phoenix Group for a total consideration of £3.24 billion. 23 February 2018
Insurance
The combination of continued competitive pressures, the effects of US tax reform and catastrophe losses in 2017 is leading to speculation of more mergers and acquisitions (M&A) among re/insurers in 2018, especially in the Bermuda market, says Fitch Ratings. 12 February 2018
Insurance
Berkshire Hathaway Specialty Insurance Company (BHSI) has opened a new office in the Dubai International Financial Centre (DIFC), while naming Alessandro Cerase as its senior executive officer (SEO) and Neeraj Yadvendu as deputy SEO and head of third party lines for the Middle East. 12 February 2018
Insurance
The increasing appetite for Islamic insurance has led many investors to view the retakaful sector as a growth opportunity, but retakaful players have recently run into difficulty or have exited the market, according to a report by AM Best. 12 February 2018
Insurance
StarStone, a specialty insurer and subsidiary of Bermuda-based Enstar Group, has launched a new crisis management division, following the hire of executives from Antares and ArgoGlobal. 12 February 2018
Insurance
Saga, a UK-based specialist insurer for life after 50, has entered into a new quota share arrangement with German insurer Hannover Re as well as with its current reinsurance partner NewRe, part of the Munich Re Group. 12 February 2018
Insurance
Ascot Group has appointed Jerry Tegan, former president and CEO of RSG Underwriting Managers, as the executive chairman of Ethos Specialty Insurance Services. 12 February 2018
Insurance
Bermuda-based Sirius International Insurance Group has entered into a three-year $300 million senior unsecured revolving credit facility through its indirectly wholly-owned subsidiary Sirius International Group. 12 February 2018
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