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Insurance
Specialty re/insurance underwriter Argo Group International Holdings has renewed Harambee Re as its sidecar reinsurer for 2019. 9 January 2019
Insurance
Bermuda specialty re/insurer Argo Group International Holdings has appointed Bill Wharton to head Argo Insurance Bermuda, and Nigel Mortimer to lead its international casualty business. 9 January 2019
Insurance
Bermuda-based AXIS Capital has hired Govind Balu as chief analytics officer to lead a range of initiatives including the implementation of machine learning and artificial intelligence across the organisation. 9 January 2019
Insurance
Verisk, a data analytics provider, has launched Black Box 3 (BB3), a new solution available in parts of Canada, Europe, Australasia, and Asia, that helps insurers underwrite risks posed by travellers with pre-existing medical conditions. 9 January 2019
Insurance
Tasker Insurance Group has appointed Jonathan Webber as chief financial officer. He joins from Jelf, part of the Marsh UK Group, where he was finance director. 9 January 2019
Insurance
Argo Group US has appointed Gary Grose, Argo Group’s head of marketing and producer management, as the interim head of Colony Specialty, its excess and surplus lines carrier, following the retirement of Ron Vindivich. 8 January 2019
Insurance
The supervisory board of Munich Re has created a new board division and appointed Nicholas Gartside as member of its board of management. 7 January 2019
Insurance
Insurer Rothesay Life is mulling making a £3.5 billion bid for ReAssure, Swiss Re’s UK closed book business, potentially jeopardising plans to list the unit this year, according to reports. 7 January 2019
News
AmTrust Financial Services has dropped Maiden Re as its quota share partner on its US small commercial business in favour of Swiss Re – though it said it will continue to work with the reinsurer on other business. 3 January 2019
Alternative Risk Transfer
Reinsurance placements at 1 January 2019 highlight a pricing gap between accounts with peak peril exposures or poor loss records and the rest, with many reinsurers placing emphasis on the quality of client counterparties, according to the latest 1st View renewals report from Willis Re. 2 January 2019
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