News

Insurance

M&A activity to continue as reinsurers grapple with challenging conditions, claims new report

Challenging business conditions, coupled with cheap financing in the debt market, will continue to fuel mergers and acquisitions (M&A) activity and drive consolidation in the global reinsurance market, according to a new report from Standard & Poor (S&P).   14 August 2019

Insurance

AXIS Re hires AXA XL's Gino Smith as head of property for EMEA and LatAm

AXIS Re, the reinsurance business segment of AXIS Capital Holdings, has appointed Gino Smith as head of property for Europe, the Middle East and Africa (EMEA) Latin America, effective November 2019.   14 August 2019

Insurance

Everest Insurance bolsters excess casualty group with Chubb, ex-XL Group duo

Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has added two new senior executives to its US excess casualty group, following the recent team expansions in the Midwest and West regions.   14 August 2019

Insurance

Brown & Brown buys US employee benefit firm Yozell

Broker Brown & Brown has acquired substantially all of the assets of employee benefits firm Yozell Associates in the US.   14 August 2019

Insurance

Lloyd’s carriers 'genuinely' embrace e-placing, beat targets for second quarter 2019

Specialist re/insurance marketplace Lloyd's of London saw a significant increase in the use of placing platform PPL during the second quarter of 2019 with more than half of its in scope risks placed electronically. PPL board chair Bronek Masojada said the market has "genuinely adopted" e-placements and he hopes to achieve the same success in submission rates.   13 August 2019

Insurance

Globe Underwriting hires Pioneer's Peter Rossell to build engineering portfolio

Globe Underwriting, the UK based managing general agent, has appointed Peter Rossell as head of engineering underwriting.   13 August 2019

Insurance

Canopius partners with AI insurtech Arturo on deep-learning property analytics

Specialty re/insurer Canopius has partnered with artificial intelligence (AI) and deep-learning property analytics start-up Arturo.   13 August 2019

Insurance

FedNat agrees cooperation deal with activist investor Capital Returns

US insurer FedNat has entered into a "cooperation agreement" with its third largest shareholder Capital Returns Management in response to legal proceedings filed by the activist investor, and agreed to add two new directors to its board as part of the deal.   13 August 2019

Insurance

AXA XL hires Zurich exec to grow large property insurance business

Re/insurer AXA XL has added Jennifer Arezes as new senior underwriter to its property insurance team in Canada.   13 August 2019

Insurance

Cincinnati Financial expands board with appointment of independent director

Cincinnati Financial Corporation has expanded its board of directors to 15 with the appointment of Jill Meyer as an independent director and a member of its audit committee.   13 August 2019

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