News

Insurance

Gallagher acquires Allied Insurance Brokers and Ascinsure Specialty Risk in the US

Broker Arthur J Gallagher has acquired Pennsylvania-based Allied Insurance Brokers and its subsidiary Ascinsure Specialty Risk.   19 September 2019

Insurance

Munich Re-backed commercial auto insurtech Inshur plans global expansion; hires Uber veteran to lead strategy

Munich Re-backed insurtech Inshur, a provider of commercial auto insurance for private hire drivers, has strengthened its leadership team to support its market expansion plans globally. The company currently operates in New York and the UK.   19 September 2019

Insurance

QBE North America appoints head of surety from Ironshore

Specialist insurer QBE North America has appointed Charles Cygal as head of surety.   19 September 2019

Insurance

Brit Re gets rating boost from AM Best; mulls reinsurance expansion in 2020

Ratings agency AM Best has assigned a financial strength rating of A (Excellent) with a ‘stable’ outlook to Brit Reinsurance (Bermuda), a wholly-owned subsidiary of specialty re/insurer Brit, reflecting a "very strong" balance sheet.   19 September 2019

Insurance

Accounting standard IFRS 17 highlights how low interest rates hurt insurers: S&P

Accounting standard IFRS 17 is more realistic and consistent than the standard it replaces, IFRS 4, and will show how lower interest rates are hurting insurers.   19 September 2019

Insurance

Generali launches new specialty insurance division in the US

The US arm of Italian insurer Generali Group has launched a new specialty insurance division focused on warranty services and solutions.   19 September 2019

Insurance

AXA LM builds run-off position with Munich Re Malaysia deal

AXA Liabilities Managers (AXA LM), the non-life re/insurance legacy firm, has acquired the non-life legacy portfolio of Munich Re Malaysia. The portfolio transfer will become effective on October 1, 2019.   19 September 2019

Insurance

Berkshire's BHSI expands France leadership with AIG, AXA XL hires

Berkshire Hathaway Specialty Insurance (BHSI) has expanded its leadership team in France with the appointment of Katell Pouliquen as head of claims, Louis du Ché as head of property, and Ludovic Ruiller as head of environmental.   19 September 2019

Insurance

IGI to highlight workplace harassment at Dive In diversity event in Jordan

International General Insurance (IGI) is to focus on workplace harassment as it hosts the Dive In festival in Jordan later this month.   19 September 2019

Alternative Risk Transfer

Markel taps Hamilton's Brenton Slade to build new ILS fund Lodgepine

Markel Corporation has hired Hamilton's Brenton Slade as president of Lodgepine Capital Management, its new retrocessional insurance linked securities (ILS) fund based in Bermuda.   19 September 2019

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