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Insurance markets in Africa stabilise but insurers ‘less bullish’, finds AIO survey
Insurance
Insurance markets in Africa stabilise but insurers ‘less bullish’, finds AIO survey
Insurance leaders in Africa remain cautious about business growth despite market stabilisation following the economic downturn of 2015/16, a survey of insurance CEOs has found.   11 June 2019
The Hartford strikes $300m ADC deal for Navigators with Berkshire Hathaway
Insurance
The Hartford strikes $300m ADC deal for Navigators with Berkshire Hathaway
US-based property/casualty insurer The Hartford has agreed a $300 million aggregate excess of loss reinsurance treaty with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway.   2 May 2019
BMS Capital Advisory swoops on JLT's Chris DeMuth as senior vice president
Insurance
BMS Capital Advisory swoops on JLT's Chris DeMuth as senior vice president
Specialist re/insurance broker BMS Group has appointed Chris DeMuth as senior vice president of BMS Capital Advisory, the company's investment banking division.   2 May 2019
Insurance
Aquiline-backed broker Relation beefs up leadership team to drive growth
US broker Relation Insurance Services has hired former Swiss Re executive Chris McKechnie as CFO and ex-Waller Helms managing director Tim Hall as head of M&A as it targets growth both organically and through accretive acquisitions.   2 May 2019
Insurance
Specialty insurance CRC Group buys MGA and surplus lines broker Argenia
US wholesale specialty insurance firm CRC Group has acquired Argenia, an MGA and surplus lines broker based in Arkansas, US.   2 May 2019
Insurance
Lloyd’s broker EC3 hires first head of broking from Integro
London-based EC3 Brokers has appointed James Murphy to the newly-created role of head of broking.   2 May 2019
Insurance
Faraday CEO D’Arcy named Gen Re head of international property & casualty
Gen Re, a Berkshire Hathaway company, has appointed Andrew D’Arcy as the head of Gen Re international property & casualty.   30 April 2019
Insurance
Indian regulator IRDAI gives approval to 11 cross-border reinsurers for 2019-2020
The Insurance Regulatory and Development Authority of India (IRDAI) has granted special approval to 11 cross-border reinsurers (CBR) for the year 2019-20, according to a circular issued on April 04.   8 April 2019
Insurance
Tropical Storm Risk early Atlantic Hurricane forecast predicts 20% drop in activity
The Tropical Storm Risk (TSR) agency is forecasting 12 named storms, 5 hurricanes and 2 major (Category 3+) hurricanes between the months of June and November in its April forecast for the 2019 Atlantic Hurricane Season.   8 April 2019
Insurance
Munich Re's ERGO sells three insurance subsidiaries to Generali in consolidation strategy
Munich Re's primary insurance unit ERGO Group is selling its life, non-life and composite portfolios in Hungary and Slovakia to Italian insurer Generali as part of its international business optimisation strategy.   8 April 2019

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