News

Insurance

Prudential Corporation Asia names new chief operating officer

Prudential's Asia business has appointed Robin Spencer as chief operating officer (COO).   13 March 2018

Insurance

Barbican hires Standard Syndicate exec for financial lines unit

Barbican Insurance Group has bolstered its financial lines division with the addition of a class underwriter for directors & officers (D&O) liability insurance, joining the business from Standard Syndicate 1884.   13 March 2018

Insurance

Chubb partners with fintech Grab in digital strategy

Property/ casualty insurer Chubb has partnered with Grab, an on-demand transportation and fintech platform in Southeast Asia, as part of its digital strategy to meet growing insurance needs in Asia Pacific.   13 March 2018

Insurance

Zurich creates LatAm hub through acquisition

Zurich Insurance Group has entered into an agreement to acquire 19 Latin American traveller assistance providers operating under the Travel Ace and Universal Assistance brands.   12 March 2018

Insurance

NN Group international CEO steps down; successor hunt begins

Dutch insurance and asset management company NN Group's chief executive officer of international insurance, Robin Spencer is stepping down from his position, effective June 1, 2018.   12 March 2018

Insurance

Beach poaches former Integro leaders to head new specialty platform

Re/insurance broking and advisory firm Beach has created a new specialty and wholesale platform to be headed by former Integro leaders John Sutton and Toby Humphreys.   12 March 2018

Insurance

Insurance M&A speeds up driven by scale, geographic reach

The second half of 2017 showed an uptick in insurance M&A deals globally for the first time since 2015 and was followed by a number of high profile transactions in 2018.   12 March 2018

Insurance

Tower Insurance capital raise, reinsurance deal reassure AM Best

AM Best has removed New Zealand’s Tower Insurance from under review with negative implications after a capital raise and a settlement agreement with Peak Re.   12 March 2018

Insurance

Mexico gets parametric insurance for coral reef

The Nature Conservancy and the state government of Quintana Roo in Mexico have created a “Coastal Zone Management Trust” which will finance the first-ever parametric insurance policy covering a coral reef and the beach sand against the impact of hurricanes.   12 March 2018

Insurance

R&Q writes $70m adverse development cover

Randall & Quilter Investment Holdings (R&Q) has issued adverse development reinsurance covering medical professional liability and general liability risks providing $70 million of coverage to a US domiciled Risk Retention Group (RRG).   12 March 2018

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