News
Insurance
Argo Seguros, the Brazilian underwriter of specialty insurance and reinsurance products and a member of Argo Group, has appointed Newton Queiroz as its new CEO. 25 April 2019
Insurance
Amynta Group, a group of warranty, managing general agent (MGA) and specialty risk companies, has appointed Robert Giammarco as the new chairman and chief executive officer (CEO). 25 April 2019
Alternative Risk Transfer
Prudential Retirement, a unit of Prudential Financial, has completed approximately $2.6 billion in previously undisclosed longevity reinsurance contracts, assuming the longevity risks of about 16,000 pensioners, ahead of Brexit. 24 April 2019
Alternative Risk Transfer
S&P has predicted “stable to gradually increasing activity” in the European property casualty run-off market in a report. 15 April 2019
Insurance
Specialty insurance group Tokio Marine HCC has sold its bail bond operations to what it calls "a prominent player in the industry" as it exits the business in the US. 10 April 2019
Alternative Risk Transfer
Spanish insurer Mapfre took some tough decisions last year—and also underperformed, according to its chief executive. Now, it wants to reap the rewards of these changes as well as its diversification to move into a new chapter, Antonio Huertas, chairman and CEO, tells Intelligent Insurer. 4 April 2019
Insurance
There has been a decrease in underwriting capacity for the downstream energy market for the first time since 2001 and the prospects for this segment look bleak after a disastrous couple of years for insurers, Willis Towers Watson has claimed in a new report. 4 April 2019
Insurance
Rating agency Moody's has revised its outlook of Bermuda-based AXIS Capital Holdings and its operating subsidiaries to negative from stable, reflecting the re/insurer's lower capitalisation and higher operating and financial leverage relative to peers. 4 April 2019
Alternative Risk Transfer
Reinsurers have adopted a rational rating approach for 1 April renewals with price increases of up to 25 percent concentrated on loss-affected contracts and programmes, Willis Re has said. 3 April 2019
Insurance
Insurtech-focused venture capital firm IA Capital Group has raised $150 million across its three funds focusing on property/casualty, life/annuity/retirement, and later-stage fintech opportunities. 3 April 2019
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