News

Insurance

DARAG hires Zurich's Andrew Hill as group COO

European legacy acquirer DARAG Group has appointed Andrew Hill as its new group chief operating officer (COO), based in London.   23 September 2019

Insurance

Nephila looks to cut Lloyd's cost using Phinsys finance automation technology

In a bid to reduce the cost of doing business at Lloyd’s, Nephila Syndicate Management (NSML) has selected Phinsys' suite of software technologies to streamline its financial processes and automate statutory, regulatory and management reporting.   23 September 2019

Insurance

HDI reshuffles Italian management; managing director Semprini departs after 13 years

Industrial lines insurer HDI Global SE's managing director Francesco Semprini is leaving after almost 13 years by "amicable and mutual agreement" to purse new opportunities outside the company.   23 September 2019

Insurance

Gender balance and mental health high on agenda for global insurance: Dive In event survey

Inclusion is a client-facing issue, say 94 percent of respondents in a survey ahead of this week’s Dive In event.   23 September 2019

Insurance

Zurich unveils new group chief risk officer

Zurich Insurance Group has appointed Peter Giger as new group chief risk officer (CRO) and a member of its executive committee.   23 September 2019

Insurance

Starr Insurance restructures western US operations

Starr Insurance Companies has unveiled a new structure and leadership promotions in the US western region.   23 September 2019

Insurance

Brit Re gets rating boost from AM Best; mulls reinsurance expansion in 2020

Ratings agency AM Best has assigned a financial strength rating of A (Excellent) with a ‘stable’ outlook to Brit Reinsurance (Bermuda), a wholly-owned subsidiary of specialty re/insurer Brit, reflecting a "very strong" balance sheet.   19 September 2019

Insurance

Accounting standard IFRS 17 highlights how low interest rates hurt insurers: S&P

Accounting standard IFRS 17 is more realistic and consistent than the standard it replaces, IFRS 4, and will show how lower interest rates are hurting insurers.   19 September 2019

Insurance

Generali launches new specialty insurance division in the US

The US arm of Italian insurer Generali Group has launched a new specialty insurance division focused on warranty services and solutions.   19 September 2019

Insurance

AXA LM builds run-off position with Munich Re Malaysia deal

AXA Liabilities Managers (AXA LM), the non-life re/insurance legacy firm, has acquired the non-life legacy portfolio of Munich Re Malaysia. The portfolio transfer will become effective on October 1, 2019.   19 September 2019

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