News

Insurance

Pickel to succeed Wallin as E+S Rück CEO

Hannover Re Group has revealed that Michael Pickel will succeed Ulrich Wallin as chief executive officer (CEO) of its German reinsurance subsidiary E+S Rück.   23 October 2018

Insurance

Ardonagh-owners Highbridge, Madison Dearborn make new acquisition

US private equity firms Highbridge Principal Strategies (HPS) and Madison Dearborn Partners (MDP), which have a major shareholding in brokerage group Ardonagh, have acquired UK-based fee protection insurance company PFP.   5 July 2018

Insurance

Allianz sees success as it grows Asia footprint, says Asia-Pacific CEO, Mark Mitchell 

Four or five years ago Allianz’s footprint in Asia was “pretty limited”, Asia-Pacific CEO Mark Mitchell told SIRC Today, saying it started out with branches in Japan, Hong Kong and Singapore.   31 October 2019

Insurance

United expands catastrophe reinsurance tower to $4bn

Florida-based property and casualty insurance company United Insurance Holdings (UPC) has renewed its catastrophe reinsurance programmes, taking its total limit to $4 billion.   5 June 2019

Insurance

New owners of AIG’s Bermuda legacy unit Fortitude Re plot growth and diversification

The business has been acquired by The Carlyle Group and T&D Holdings and has secured a new rating.   3 June 2020

Insurance

Access enters Massachusetts auto insurance market with book purchase

Managing general agency Access Holdco Management has acquired property/casualty insurer Occidental Fire & Casualty Company’s Massachusetts non-standard auto insurance book of business.   30 November 2016

Insurance

Markel buys UK-based business to strengthens presence in the online market

Markel UK, a division of Markel International that provides insurance, tax and legal services for SMEs, is acquiring the online freelancer and contractor business of commercial insurance brokers Caunce O’Hara.   13 September 2019

Insurance

Tokio Marine Kiln unveils flagship cyber product at SIRC 2019

There is plenty of opportunity in the Asia-Pacific region for Tokio Marine Kiln (TMK), the issue is accessing the right opportunities, in the right fashion.   30 October 2019

News

AM Best forecasts more M&As in Commonwealth Independent States

Insurers working across the Commonwealth Independent States (CIS) of former Soviet Russia can expect to see further consolidation in their sector, according to the latest special report from AM Best.   29 January 2019

Insurance

Insurtech OnRisk forms strategic alliance with Lloyd's broker AFL

US-based insurtech startup OnRisk has formed a strategic partnership with independent Lloyd's broker AFL to develop new technology for structuring and placing property & casualty (P&C) risk.   10 July 2018

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