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P/C unit drives strong growth in Allianz Q1 results despite market volatility
Insurance
Allianz enjoyed a strong first quarter with both revenue and profits increasing sharply driven by its property/casualty segment, which posted strong premium growth, lower claims from natural catastrophes and an improved expense ratio.   14 May 2019
Billion-dollar tornado losses must prompt insurers to better grasp flood risk: Aon
Insurance
Some 250 tornadoes touched down in the US during April – the most for April since 2011 – a phenomenon that should invigorate insurers to redouble efforts to understand flood risk and further encourage insurance take-up to lower the protection gap, according to Aon.   14 May 2019
ArgoGlobal expands Asia Pacific and Middle East A&H offering with TMK hire
Insurance
Lloyd's insurer and member of Argo Group, ArgoGlobal, has hired TMK's Zachary Tan as accident and health underwriter to further expand its portfolio across Asia Pacific and the Middle East.   14 May 2019
Insurance
McLarens, a global loss adjuster specialising in complex, commercial and niche markets, has reorganised its UK & Ireland senior management structure to position the business for future growth. The move has created new regional manager vacancies that the company is looking to fill in the coming months.   14 May 2019
Alternative Risk Transfer
Allianz Global Corporate & Specialty (AGCS) has made key leadership changes targeting expansion in the alternative risk transfer (ART) space. The move follows the division of ART line of business into two specialist teams.   9 May 2019
Insurance
Asian financial supermarket GoBear, has confirmed $80 million funding to grow its mobile financial products and invest in technology innovators across the region.   8 May 2019
Insurance
Specialty re/insurer Canopius has signed an agreement with Korea's Samsung Fire & Marine Insurance (SFMI) that will see SFMI become a significant minority investor in the company.   3 May 2019
Insurance
German re/insurer Talanx, the parent company of Hannover Re and HDI, has acquired property/casualty insurer ERGO Sigorta AS from a Munich Re subsidiary to further expand its activities in Turkey.   3 May 2019
Insurance
Re/insurer Argo Group has fought back against “Voce Capital’s continued falsehoods” by reiterating its “strong track record” and work to drive growth and value for shareholders, as the war of words with the activist investor shows no signs of abating.   3 May 2019
Insurance
Indio Technologies, an insurtech company that streamlines the business insurance application process, has secured $20 million in Series B funding led by Menlo Ventures, with participation from 8VC.   3 May 2019

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