News
Insurance
UK-based insurance intermediary PIB Group has acquired the Cobra group of companies, taking the amount of premium placed or influenced by PIB from £550 million to £900 million. 5 June 2019
Insurance
American International Group (AIG) has promoted David McElroy, currently president and CEO of Lexington, to president and CEO of general insurance operations in North America, taking over from Lex Baugh. 5 June 2019
Insurance
Florida-based property and casualty insurance company United Insurance Holdings (UPC) has renewed its catastrophe reinsurance programmes, taking its total limit to $4 billion. 5 June 2019
Insurance
Technology-driven risk solutions provider Sedgwick has appointed Beatriz Cabrera as director of its Brazil operations, which cover several key areas of loss adjusting, including construction, engineering, energy, liability, marine and property. 5 June 2019
Insurance
The European insurance sector will continue to consolidate in 2019, with varying credit impacts, according to the latest Moody's Investors Service report. 23 May 2019
Insurance
Trust and perception remain major barriers to gathering and analysing more data from the property market to help the insurance industry mitigate losses, delegates heard during a panel discussion held at the Intelligent Automation event being held in London today (Tuesday May 21). 21 May 2019
Insurance
Technology can help insurance companies to control the huge amount of data they deal with every day. 21 May 2019
Insurance
Cayman-based property/casualty reinsurer Oxbridge Re effectively stopped writing business in the first quarter of 2019 as it grappled with the events of the previous hurricane season, when it suffered limit losses on all reinsurance contracts – but its CEO said he is optimistic about the future of the business. 15 May 2019
Insurance
Lloyd's broker Bishopsgate, part of the Ardonagh Group, has appointed Jonathan Turnbull as its new chief executive officer (CEO), replacing Neil Pearce. The appointment is subject to regulatory approval. 15 May 2019
Insurance
The tit-for-tat between Argo Group and activist investor Voce Capital Management rumbles on with the latter now accusing Argo’s promise to shrink the size of its board to ten from 13 as a “deception”, which there is no guarantee will be followed through. 15 May 2019
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