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Insurance
Florida-based Orchid Underwriters Agency, a specialty underwriter of catastrophic coastal insurance, has hired Andrew Cyran as chief underwriting officer, a new position within the organisation. 18 December 2017
Insurance
New York-based Marsh & McLennan Companies (MMC) has appointed Stacy Mills as its new vice president and controller. She will also serve as the firm’s chief accounting officer. 18 December 2017
Insurance
Global specialty insurance holding The Navigators Group has entered into a share purchase agreement for the acquisition of all of the shares of Antwerp, Belgium-based Assurances Continentales - Continentale Verzekeringen NV (ASCO) and Bracht, Deckers & Mackelbert NV (BDM). 18 December 2017
Insurance
Italian insurer Generali has entered into a share purchase agreement with Life Company Consolidation Group (LCCG) to sell its entire shareholding in Generali PanEurope. 18 December 2017
Insurance
Global insurance broking and risk management firm Marsh has appointed Paul Moody as CEO of its UK specialties division. 18 December 2017
Insurance
Lloyd’s of London is facing criticism for providing what some have dubbed “murder insurance” to gun owners across the USA, according to an article in The Times. 18 December 2017
Insurance
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) is making changes to its management board as chief regions and markets officer, Carsten Scheffel retires at the end of June, 2018. 18 December 2017
Insurance
Venture capital firm BP Marsh & Partners has acquired 20 percent equity stake in London-based EC3 Brokers Limited for a total cash consideration of £5 million, in a mixture of preferred and ordinary shares. 18 December 2017
Insurance
Reinsurers face underwriting challenges in the non-life business in China due to lower demand and higher competition, according to rating agency AM Best. 18 December 2017
Insurance
Rating agency AM Best has revised the Issuer Credit Rating (ICR) Outlook to Stable for Aspen Insurance Holdings and its subsidiaries. 18 December 2017
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