News

Insurance

Liberty Specialty Markets bolsters specialty binders team

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has made two promotions within its specialty binders team in London.   26 April 2019

Insurance

PWC: value of US insurance M&As drops in Q1 despite rise in transactions

US insurance sector deal value dropped in the first quarter of 2019 compared with the same three months in 2018, research from PWC revealed, despite a “surge” in the number of M&As among property and casualty companies.   25 April 2019

Insurance

Moody’s probes solvency regime transparency in China and Japan

Analysis of the solvency regimes in China and Japan suggests that both countries will benefit from developments that make them more transparent, a report from Moody’s has said.   25 April 2019

Insurance

Markel adds JLT trade credit, political risk underwriter in Singapore

Specialist insurer Markel International has appointed Lee Zong Wen as assistant underwriter in its trade credit and political risk team in Singapore.   25 April 2019

Insurance

Sirius placed on Rating Watch Negative by Fitch as China Minsheng debt crisis deepens

Fitch Ratings has placed Sirius International Group's ratings on Rating Watch Negative, driven by a "deepening debt and liquidity crisis" at China Minsheng Investment Group Corp (CMIG), which owns approximately 80 percent of Sirius's common shares on a fully diluted economic basis.   25 April 2019

Insurance

Pro Global snaps up MGA incubator Vibe

Specialist re/insurance provider Pro Global Insurance Solutions is acquiring Vibe MGA Management, the MGA incubator business of Vibe UK, which owns Lloyd’s managing agent Vibe Syndicate Management.   25 April 2019

Insurance

Argo hires new Brazil CEO from Swiss Re to drive strategic expansion

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 appoints new chief executive officer from Bank of America Merrill Lynch

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

Insurance

Voce rejects Argo’s defence on corporate spend and publishes flight logs

Activist investor Voce Capital has hit back at Argo after the insurer published a detailed defence rejecting allegations of misuse of corporate funds and urging shareholders to ignore blue proxy ballots sent out by Voce.   24 April 2019

Insurance

Aviva's UK head Briggs departs as new CEO Tulloch overhauls top management

Aviva's director and UK insurance CEO Andy Briggs has stepped down with immediate effect after the company announced a series of changes to its senior leadership team in a bid to bring "greater energy, pace and commercial thinking".   24 April 2019

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