News

Insurance

RMS appoints new CEO, replaces co-founder Shah

Catastrophe risk modelling firm RMS has appointed Karen White as its new CEO, replacing current CEO and co-founder Hemant Shah.   2 March 2018

Insurance

Swiss Re gets approval to write direct insurance in Mexico

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has obtained formal authorisation from the local insurance authorities to operate as an insurer in Mexico. The company was registered as a 'foreign reinsurer' in Mexico since 2014.   2 March 2018

Insurance

The Ardonagh Group replaces CFO

The Ardonagh Group chief financial officer (CFO) Mark Mugge is moving out of his current role to work across the group on a series of key strategic initiatives being prioritised during 2018.   2 March 2018

Insurance

State Farm underwriting losses widen to $6.5bn in 2017

The State Farm property/casualty (P&C) group of companies reported a combined underwriting loss of $6.5 billion in 2017 on earned premium of $63.9 billion, compared to an underwriting loss of $5.5 billion on earned premium of $61.7 billion in 2016.   2 March 2018

Alternative Risk Transfer

Hiscox expands ILS team

Bermuda-based Hiscox Re Insurance Linked Strategies, the ILS asset management arm of Hiscox, has appointed Ben Fox as portfolio manager.   2 March 2018

Insurance

Brown & Brown acquires Kerxton Insurance

Insurance broker Brown & Brown is acquiring Kerxton Insurance, consisting of Kerxton Insurance Agency and Fitness Underwriters.   2 March 2018

Insurance

Aon appoints UK CEO, new global Aon Benfield chairman

Broker Aon has appointed Dominic Christian as global chairman of its reinsurance intermediary Aon Benfield while Julie Page has been promoted to chief executive officer of Aon UK.   1 March 2018

Insurance

Liberty Mutual reveals new operating structure

Liberty Mutual revealed the new operating structure for its recently formed Global Risk Solutions business.   1 March 2018

Insurance

AM Best reveals Brexit contingency plan with new EU base

Re/insurance sector rating agency AM Best is establishing a new office in Amsterdam, the Netherlands, during 2018 as part of its Brexit contingency plan.   1 March 2018

News

Investment income boosts Third Point Re results

Bermuda-based Third Point Re has swung to profit in the fourth quarter of 2017 and saw its full year 2017 results jump due to investment profits while underwriting produces losses.   1 March 2018

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