News
Insurance
AXA’s results for the first half of 2019 showed that the “strategy was paying off',' according to the French insurer’s CEO Thomas Buberl, as he called 2018 “a decisive year for the group’s transformation process”. 2 August 2019
Alternative Risk Transfer
A flight to quality is underway in the insurance-linked securities (ILS) market, following disappointing performance in 2017 and 2018 according to a new survey by Intelligent Insurer’s sister publication Bermuda:Re+ILS. 31 July 2019
Insurance
Russia's insurance market has reached a positive turning point as premiums grew in 2018 driven by life and non-life products, however, credit ratings agency AM Best warned that the recovery was “fragile” as threats remain. 18 July 2019
Insurance
Specialty insurance group Tokio Marine HCC has hired senior Chubb and Euler Hermes executives to expand its international surety capabilities into Continental Europe. The company believes the region has experienced high demand and an increase in capacity providers in the last five years. 18 July 2019
Insurance
Run-off specialist DARAG Group has agreed to acquire London-based non-life reinsurance company One Re, which provided reinsurance to African-based insurers for industrial property risks and engineering projects from 2015 to 2018. 18 July 2019
Insurance
Broker Willis Towers Watson has recruited three senior executives from Marsh & McLennan to lead its expansion into the Canadian financial institutions (FI) market. 18 July 2019
Insurance
Canada-based property and casualty re/insurance conglomerate Fairfax Financial Holdings has appointed Allied World CEO Scott Carmilani in a new role that it hopes will help promote organic growth and collaboration initiatives across its global operations. 18 July 2019
Insurance
Bermuda-based Hamilton Insurance Group has appointed Venkat Krishnamoorthy to the newly-created position of chief technology officer (CTO), responsible for the development of the company’s data-driven technology strategy and execution. 18 July 2019
Insurance
Re/insurance broker Aon has appointed Darren Zeidel as new executive vice president, general counsel and company secretary, succeeding Peter Lieb who is leaving the firm. 18 July 2019
Insurance
S&P Global Ratings has said that its 'A-' ratings on Swiss Re ReAssure (SRRAL) will remain on Credit Watch with negative implications following the suspension of its initial public offering (IPO) on July 11. 17 July 2019
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