News
Insurance
Catastrophe losses drove a net loss of $147 million at Bermuda-based Aspen Insurance Holdings, which is to be acquired by alternative investment manager Apollo in a $2.6 billion deal signed in August 2018. 7 February 2019
Insurance
Bermuda-based White Mountains Insurance Group reported a "tough fourth quarter" with $141 million comprehensive loss attributable to common shareholders across its portfolio of businesses. This compares with a profit of $23 million for the same period in 2017. 7 February 2019
Insurance
Willis Towers Watson celebrate "outstanding finish to a strong year" as CEO highlights healthy revenue growth in 2018 results. 7 February 2019
Insurance
Non-life insurance and investment specialist Randall & Quilter Investment Holdings (R&Q) raised gross proceeds of approximately £100 million to support the development of its programme management business, and assist in maintaining the AM Best credit and financial strength ratings of the accredited companies. 7 February 2019
Insurance
Lloyd's re/insurance broker RFIB Group has appointed Joseph Stanoch as a managing director of RFIB Americas. 7 February 2019
Insurance
Zurich Insurance Group has proposed to elect two new executives - Michael Halbherr and Barry Stowe - to the group’s board of directors at its upcoming annual general meeting. 7 February 2019
Insurance
Property/casualty insurer Chubb has appointed Peter Graswinckel as segment leader for major accounts in Continental Europe. 7 February 2019
Insurance
AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings, has expanded its strategic partners business with the appointment of Daniel Osterrieder as strategic account executive for North America. 7 February 2019
Insurance
Markel year end results showed losses in shareholder income as the company was affected by declines in both our fixed income and equity portfolios, driven by an increase in interest rates and unfavorable movements in the equity markets during 2018, the co-chief executive officers Thomas S. Gayner and Richard R. Whitt said. However, the two leaders pointed to a more optimistic year ahead saying they are “excited” about the strategic opportunities of the Nephila acquisition competed in the fourth quarter of 2018. 6 February 2019
Insurance
London-based insurtech Zego, a provider of pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, has partnered with France-based La Parisienne Assurances (LPA) to expand its services across Europe. 6 February 2019
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