News
Insurance
Broker Willis Towers Watson has launched a "action plan" specifically to deal with disruption caused by drones as the incidents have increased sharply in the last two-three years, raising concerns for the aviation insurance industry. 2 August 2019
Insurance
BGC Insurance Group (BGCI), a division of global brokerage firm BGC Partners which owns Ed and Besso, has appointed Mark Costin and Oyin Heath to join its newly-formed global aviation and space re/insurance broker as senior partners. 2 August 2019
Insurance
Bermuda-based Everest Re Group has hired Chubb's Juan Andrade as chief operating officer (COO) effective September 1, 2019. He will succeed Dominic Addesso as president and chief executive officer (CEO) of the company from January 1, 2020. 2 August 2019
Insurance
London-based EC3 Brokers has expanded its UK contingency and entertainment division with senior appointments. The new members are the latest joining from Integro Insurance Brokers following James Murphy as head of broking in May. 1 August 2019
Insurance
WTW’s CEO Haley extols ‘healthy growth’ and excitement about TRANZACT acquisition in Q2 2019 results
Broker Willis Towers Watson (WTW) reported “healthy growth” and expressed excitement about the completion of the TRANZACT acquisition, as the company unveiled its second quarter results for 2019. 31 July 2019
Insurance
As Michael Gove, a senior minister in Prime Minister Boris Johnson’s new government, told the UK’s Sunday Times newspaper that the government was working to the assumption of a no-deal Brexit, the London Market Group (LMG) has published its Brexit update report ‘A new relationship with the European Union’. 29 July 2019
Insurance
Specialty managing general agent (MGA) Nexus Group has acquired Plus Risk (PRL), a London-based financial and professional lines MGA providing management liability and niche professional indemnity insurance. 29 July 2019
Alternative Risk Transfer
Hiscox has delivered profits in its results for the first six months of 2019 “despite a more challenging claims experience”, said Bronek Masojada, chief executive at the re/insurer. 29 July 2019
Insurance
Bermuda-based reinsurer PartnerRe enjoyed solid growth and improved non-life combined ratio in the second quarter of 2019. The results were driven by strong property/casualty performance and investment gains. 29 July 2019
Insurance
Investors splurged $1.41 billion on insurtech firms in the second quarter of 2019, marking the fourth consecutive occasion where investments exceeded $1.2 billion. 29 July 2019
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