News

Insurance

Navigators swoops for Chubb financial lines veteran in Europe

Specialty insurer Navigators has appointed Marina Chierici as a financial lines underwriter in its international management and professional liability division NavPro. She joins from Chubb Insurance Company of Europe.   5 March 2018

Insurance

Miller hires from Aon to expand Asia Pacific business

Re/insurance broker Miller has hired producer broker Julian Coates to further expand its Asia Pacific business.   5 March 2018

Insurance

AXA acquires XL Group in $15.3bn deal

French insurer AXA is acquiring Bermuda-based property/casualty commercial lines re/insurer XL Group for $15.3 billion (€12.4 billion) in cash.   5 March 2018

Insurance

Nippon Life acquires MassMutual's Japanese unit for $935m

Nippon Life Insurance Company is acquiring an 85.1 percent stake in MassMutual Life Insurance Company (MassMutual Japan), a Japanese unit of US insurer MassMutual International.   5 March 2018

Insurance

ArgoGlobal swoops for QBE exec to lead Singapore business

ArgoGlobal, a Lloyd's insurer and member of Argo Group, has appointed Veronica Grigg as senior executive officer for ArgoGlobal Asia.   5 March 2018

Insurance

Asta sells Munich Re-backed MGA Pelican to Manchester Underwriting

Lloyd's third-party managing agent Asta has completed the sale of its managing general agent (MGA) Pelican Underwriting One, which trades as Pelican Underwriting, to specialist MGA Manchester Underwriting Management (MUM).   5 March 2018

Insurance

Maiden rating downgraded on declining balance sheet strength

Rating agency AM Best has downgraded Maiden’s rating outlook due to “a decline in balance sheet strength and the potential that continuation of recent underwriting and operating trends could lead to negative action on the rating”.   5 March 2018

Insurance

Aviva partners with insurtech Snapsheet in Canada

Virtual claims technology provider Snapsheet is expanding its North American presence to Canada by partnering with property/casualty insurance group Aviva.   5 March 2018

Insurance

JLT Re ropes in Chaucer treaty underwriter in Miami

JLT Re has appointed Ariel Hernandez as senior vice president in Miami. Hernandez joins from the Chaucer Syndicates of The Hanover Insurance Group, where he was a treaty underwriter.   5 March 2018

Insurance

AIG, Travelers seen among potential acquirers in P&C sector

Heightening merger and acquisition (M&A) activities and rising pricing are tailwinds to P&C stocks, according to Morgan Stanley analysts.   2 March 2018

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