Articles

Insurance

Arch Capital appoints new CEO

Bermuda-based Arch Capital Group (ACGL) has promoted president and chief operating officer (COO) Marc Grandisson to the position of CEO, replacing Constantine Iordanou.   19 March 2018

Insurance

QBE reshuffles roles; CIO resigns

QBE Insurance is aligning its technology and transformation teams under one business unit within its Australian and New Zealand Operations (ANZO), resulting in the creation of new roles and the redundancy of a senior executive.   19 March 2018

Insurance

Pembroke’s GIC Syndicate April launch approved

Pembroke Managing Agency has been granted approval by Lloyd’s to establish and manage GIC Syndicate 1947, which has been cleared to underwrite business from April 1.   19 March 2018

Insurance

Talanx targets €850m profit in 2018

The Talanx Group, which includes Hannover Re, is aiming for a net income of around €850 million in 2018 and an increase in gross premiums (adjusted for currency effects) of more than 2.0 percent.   19 March 2018

Insurance

XL Catlin introduces Brexit continuity clause

XL Catlin’s London-based insurance operations have introduced a contract continuity clause which addresses the risk that contracts written prior to Brexit may become impermissible assuming passporting rights are lost as a consequence of the UK leaving the EU.   19 March 2018

Alternative Risk Transfer

Generali prefers ILS for windstorm protection

Italian insurer Generali is taking advantage of more attractive conditions in the insurance-linked securities (ILS) market for windstorm reinsurance protection.   19 March 2018

Insurance

Insurtech FIGO secures $4m investment

Chicago-based insurtech company FIGO Pet Insurance has secured a $4 million investment from private equity firm HCS Capital Partners.   16 March 2018

Insurance

Liberty Specialty creates new senior role for Xchanging exec

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has appointed Paula Wilson to the newly-created role of head of marketing.   16 March 2018

News

Munich Re expects up to €2.5bn profit in 2018

Munich Re is expecting to generate a profit of between €2.1 billion and €2.5 billion in 2018. This slightly exceeds the guidance that the company had projected for 2017, which was initially set at between €2.0 billion and 2.4 billion.   15 March 2018

Insurance

Cost reductions and life boost results at Generali

Italian insurer Generali posted a strong set of results for 2017 including a record operating result, a performance it attributed to its life business, asset and wealth management segment, investment performance and implementing cost reductions ahead of schedule.   15 March 2018

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