News

Insurance

Cat bond issuance reaches $9.7bn in 2018, rate hardening expected: Swiss Re

After experiencing 18 months of above average industry losses, Swiss Re expects that ILS investors will want to see rates harden in 2019, especially for loss-impacted tranches.   20 February 2019

Insurance

MGAA bolsters board with Markerstudy co-founder Humphreys

The Managing General Agents’ Association (MGAA) has appointed Gary Humphreys, group underwriting director at Markerstudy Group, as a new board director at its annual general meeting.   20 February 2019

Insurance

Ageas hires Aspen UK CFO Jonathan Price

Insurance group Ageas has hired a new chief financial officer (CFO) for its UK business from Aspen Insurance Group.   19 February 2019

Insurance

Preservation Capital invests in US MGA Cove Programs post Ascent deal

Mid-market private equity firm Preservation Capital Partners, which last year acquired Ascent Underwriting, has made another strategic investment in a US-based specialist managing general agent.   19 February 2019

Insurance

Global Risk Partners snaps up specialist equestrian broker Shearwater

Global Risk Partners (GRP) has acquired Shearwater Insurance Services, a insurance broker based in Waltham Cross, Hertfordshire.   19 February 2019

Insurance

POP strikes M&A deal with Japanese insurer Rakuten to target Asia Pacific

Australia-based specialist insurer POP Insurance Holdings has launched a strategic partnership with Japanese property/casualty insurer Rakuten General Insurance.   18 February 2019

Insurance

Allianz posts record €11.5bn operating profit despite "strong market volatility"

German insurance giant Allianz posted a record operating performance in 2018, reaching the upper end of its target. It also expects to generate a larger profit in 2019, provided there are no unforeseen performance interruptions.   15 February 2019

Insurance

Insurtech C-Quence hires from Chubb and AIG to grow commercial lines

C-Quence, a new insurtech managing general agent (MGA) with a commercial insurance trading and underwriting platform, has strengthened its underwriting team with senior hires from Chubb and AIG.   15 February 2019

Insurance

NN Group supervisory board chair Jan Holsboer to step down

Dutch insurer NN Group has elected David Cole to succeed Jan Holsboer as the chairman of its supervisory board following its annual general meeting later this year in May.   15 February 2019

Insurance

Chubb appoints new head of financial lines for Continental Europe

Property/casualty insurer Chubb has appointed Kyle Bryant to the newly-created position of head of financial lines for Continental Europe.   14 February 2019

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