News

Insurance

AIG appoints former Goldman Sachs/Credit Suisse and GE leaders to board

The insurer’s lead independent director has decided not to stand for re-election.   4 November 2022

News

MGAs benefit as capacity steps back from property cat: AM Best

DUA market grows ‘more rapidly’ than traditional non life, says Stefan Holzberger at AM Best.   4 November 2022

Insurance

SiriusPoint cuts headcount & global footprint in major shake-up at the top

More top officials head to the door; several offices set to close: CEO reveals.   3 November 2022

Insurance

Chubb poaches head of hull from Allianz for Global Markets

The appointee is also a member of Lloyd’s Market Association’s Joint Hull Committee.   3 November 2022

Insurance

Gallagher buys MGA to tap growth opportunities in Texas, US

The acquired firm offers commercial, farm and personal insurance to independent agents.   3 November 2022

Insurance

Asia is the non-life insurance ‘growth engine’

The eight key Asian countries are expected to grow at 11 percent a year from 2021 to 2025, according to AXA XL.   2 November 2022

Insurance

Nexus deal with Spectrum signals growth in APAC

Nexus Underwriting’s upcoming acquisition of a majority stake in Dubai-headquartered MGA Spectrum highlights its ambitions to grow internationally.   2 November 2022

Insurance

Investment in reinsurance pays off: Howden

Howden’s merger with TigerRisk, expected to complete in Q1 2023, is a source of excitement across the company.   2 November 2022

Insurance

Australia’s ICA launches insurer roadmap to net zero

Outlines ways to reduce emissions from underwriting, claims supply chain & investments.   2 November 2022

Insurance

AIG profits dampened by nat cats and lower investment returns in Q3

But its general insurance combined ratio improved 2.4 points to 97.3%.   2 November 2022

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