News

Insurance

AIG appoints global head of real estate from Goldman Sachs

American International Group (AIG) has appointed James Love as global head of real estate, effective August 6.   18 July 2019

Insurance

Insurer FedNat reports gross cat losses of $17m in Q2 2019

US insurer FedNat Holding Company (FedNat) has reported gross catastrophe losses of $17 million, including $15.5 million from the company’s non-Florida property business in Q2 2019.   18 July 2019

Insurance

Insurance market in Russia bounces back but threats remain: AM Best

Russia's insurance market has reached a positive turning point as premiums grew in 2018 driven by life and non-life products, however, credit ratings agency AM Best warned that the recovery was “fragile” as threats remain.   18 July 2019

Insurance

Tokio Marine looks to expand in Benelux surety market due to rise in demand and capacity providers

Specialty insurance group Tokio Marine HCC has hired senior Chubb and Euler Hermes executives to expand its international surety capabilities into Continental Europe. The company believes the region has experienced high demand and an increase in capacity providers in the last five years.   18 July 2019

Insurance

DARAG acquires One Re to enter into the UK market following capital strengthening

Run-off specialist DARAG Group has agreed to acquire London-based non-life reinsurance company One Re, which provided reinsurance to African-based insurers for industrial property risks and engineering projects from 2015 to 2018.   18 July 2019

Insurance

Willis Towers Watson swoops on Marsh financial institutions trio for Canada expansion

Broker Willis Towers Watson has recruited three senior executives from Marsh & McLennan to lead its expansion into the Canadian financial institutions (FI) market.   18 July 2019

Insurance

Carmilani leaves Allied World to take organic growth role at Fairfax; successor revealed

Canada-based property and casualty re/insurance conglomerate Fairfax Financial Holdings has appointed Allied World CEO Scott Carmilani in a new role that it hopes will help promote organic growth and collaboration initiatives across its global operations.   18 July 2019

Insurance

Hamilton appoints Krishnamoorthy CTO to develop data-driven technology strategy

Bermuda-based Hamilton Insurance Group has appointed Venkat Krishnamoorthy to the newly-created position of chief technology officer (CTO), responsible for the development of the company’s data-driven technology strategy and execution.   18 July 2019

Insurance

Aon names Darren Zeidel as general counsel succeeding Peter Lieb

Re/insurance broker Aon has appointed Darren Zeidel as new executive vice president, general counsel and company secretary, succeeding Peter Lieb who is leaving the firm.   18 July 2019

Insurance

Victor appoints John Stephenson to UK country manager role

Victor Insurance Holdings, a managing general underwriter (MGU) formerly known as the Schinnerer Group, has appointed John Stephenson as UK country manager, and Fred Willemze as strategic partnerships director.   17 July 2019

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