News

Insurance

Berkshire swoops for AIG, Chubb, Zurich talent in Dubai

Berkshire Hathaway Specialty Insurance Company (BHSI) has expanded its leadership team in Dubai with the appointment of AIG, Chubb, AXA, QBE, Allianz and Zurich executives to fill key product line and service posts.   18 September 2018

Insurance

Chubb hires AXA US CEO Miller for Continental Europe

Insurer Chubb has hired the former US president and CEO of AXA Insurance Company for a newly-created role in Continental Europe.   18 September 2018

Insurance

AXA closes $69m Emirates Re deal

AXA Group's specialist run-off acquirer and manager has completed the purchase of a 93 percent majority stake in Emirates Re, with a total of $69 million gross reserves.   18 September 2018

Insurance

Marsh acquires JLT for $6.4bn

Marsh & McLennan Companies (MMC) is acquiring re/insurance broker Jardine Lloyd Thompson Group (JLT) for $6.4 billion.   18 September 2018

Insurance

Tokio Marine Kiln hires Novae CFO as Dover departs

Tokio Marine Kiln (TMK) has appointed Reeken Patel as chief financial officer (CFO), replacing James Dover who is leaving the business after 12 years in the position.   18 September 2018

Insurance

SCOR rumoured to face new takeover approach by Covéa

French cooperative insurer Covéa is working on a new approach to its planned takeover of reinsurer SCOR after its friendly €8.2 billion offer was rejected earlier in September, Reuters reported citing “two sources close to the deal”.   18 September 2018

Insurance

FedNat estimates Hurricane Florence loss at $4m

FedNat currently estimates that its aggregate gross liabilities as a result of Hurricane Florence will be $4 million based on preliminary post-landfall catastrophe model estimates.   18 September 2018

Insurance

Chubb appoints new reinsurance officer

Insurer Chubb has named Jeremiah Konz as executive vice president, reinsurance officer for its international general insurance business Chubb Overseas General.   18 September 2018

Insurance

Hurricane Florence to expose gaps in flood insurance

Hurricane Florence is likely to expose the flood protection gap of homeowners in the Carolinas and other vulnerable regions, according to the Associated Press.   18 September 2018

Insurance

Ascot MGA Ethos appoints new CEO

Ascot Group’s US managing general agent (MGA) platform Ethos Specialty Insurance Services has appointed Rory Cline as its new president and CEO.   18 September 2018

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