News

Insurance

Generali expands into Portugal with two acquisitions worth €600m in total

Global insurer Generali has agreed two acquisition deals worth a total of €600 million to become the second largest non-life group in Portugal with a market share of 18.7 percent, making it the third largest business in the market.   19 July 2019

Insurance

Munich Re expects €1bn profit in second quarter 2019 due to lower expenditure and high reserve releases

Germany-based global reinsurer Munich Re expects to report a consolidated result of approximately €1 billion for the second quarter of 2019.   19 July 2019

Insurance

Lockton snags Willis Towers Watson cyber chief Anthony Dagostino to expand practice

Re/insurance broker Lockton has hired Willis Towers Watson cyber expert Anthony Dagostino to further expand its cyber and technology practice, and develop analytics-driven tailored solutions for clients that target their real, underlying cyber risk.   19 July 2019

Insurance

RMS: Hurricane Barry insured losses will not top $500m in US

Insured losses from Hurricane Barry, the second named storm of the 2019 North Atlantic hurricane season, will not top $500 million, global risk modeling and analytics firm RMS has said.   19 July 2019

Insurance

AFL taps UIB senior brokers Ritson and Draper to lead property and energy expansion

Independent Lloyd’s broker AFL Insurance Brokers has hired experienced brokers Mark Ritson and Peter Draper as directors of international property and energy.   19 July 2019

Insurance

Ed hires head of facultative reinsurance from Price Forbes

Reinsurance, wholesale and specialty broker Ed has appointed Jennifer D’Arcy to the new role of executive vice president and head of facultative reinsurance.   19 July 2019

Insurance

Sedgwick appoints international head of marketing in growth push

Technology-driven risk solutions provider Sedgwick has appointed Zoë Kay as its international head of marketing.   19 July 2019

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

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