Search | The Insurer TV

Munich Re Asia Pacific head Pohlchristoph replaced by Kassow

News

People Moves

Munich Re Asia Pacific head Pohlchristoph replaced by Kassow

Achim Kassow has been appointed head of Munich Re’s operations in Asia Pacific and Africa, replacing Hermann Pohlchristoph who is standing down due to personal reasons.

Thu 12 Dec 2019

Five Argo directors targeted by Voce to retire, including chair Woods

News

People Moves

Five Argo directors targeted by Voce to retire, including chair Woods

Argo shares were trading up 3.7 percent at lunchtime in New York today after the Bermudian’s board announced that five directors targeted for removal by activist investor Voce Capital Management will retire as of the company’s 2020 annual general meeting.

Thu 12 Dec 2019

News

Global advisory firms manoeuvre for share of £300mn Lloyd’s budget

The Corporation of Lloyd’s will no longer elect a sole lead delivery adviser on its bold Future at Lloyd’s transformation plan but instead appoint a series of “strategy partners” to execute on separate work streams, The Insurer can reveal.

Thu 12 Dec 2019

Low interest rates will dent French P&C insurers’ 2020 profitability: Moody’s

News

Rating actions

Low interest rates will dent French P&C insurers’ 2020 profitability: Moody’s

Moody’s has predicted French P&C insurers’ investment returns will decline by 20 to 40 basis points (bps) in the new year, reflecting a sharp fall in interest rates during the first nine months of 2019.

Thu 12 Dec 2019

News

Concord takes AWAC’s Edgette to lead tax insurance

Ryan Specialty Group-owned MGU Concord Specialty Risk has hired Matthew Edgette as vice president and a leader of its tax insurance division.

Thu 12 Dec 2019

News

Beazley 2623 to become largest Lloyd’s syndicate with £1.93bn stamp

Beazley Furlonge Syndicate 2623 will become the largest syndicate at Lloyd’s by stamp capacity after securing business plan approval to bolster its capacity by almost 19 percent for 2020, The Insurer can reveal.

Thu 12 Dec 2019

News

RHB Insurance sale talks halted

Malaysia’s fourth largest lender, RHB Bank, has called off talks to sell up to 94.7 percent of its shares in RHB Insurance to Tokio Marine Asia (TMA), a unit of Japan’s Tokio Marine Holdings

Thu 12 Dec 2019

Armour-run Elite Insurance placed into administration

News

Legacy

Armour-run Elite Insurance placed into administration

Gibraltar-domiciled Elite Insurance Company – which was acquired by a group of investors led by Armour Group last year – has been placed into administration.

Wed 11 Dec 2019

Syndicate 2288 brings long-term capacity to ICAT and Victor International

News

Commercial insurance

Syndicate 2288 brings long-term capacity to ICAT and Victor International

Victor Syndicate 2288 – the newly approved Lloyd’s vehicle for Marsh-owned MGU Victor Insurance Holdings – will provide a long-term capacity source to cat-focused MGA ICAT and support growth of Victor’s international book of business, including in the SME space.

Wed 11 Dec 2019

Convex to write over $1bn gross premiums in first two years: S&P

News

Commercial insurance

Convex to write over $1bn gross premiums in first two years: S&P

S&P has assigned Convex an A- rating while estimating the greenfield insurer’s combined ratio will fall below 100 percent in 2021 and it will write over $1bn in gross premiums in its first two years.

Wed 11 Dec 2019

News

The Bermuda perspective

With firming market conditions propelling (re)insurers towards a busy 1.1 renewal season, The Insurer – in association with AdvantageGo – spoke to executives in the Bermudian market on whether reinsurance pricing momentum will catch up with primary and retro movement, and how the retro capacity crunch will play out in carriers’ terms and conditions.

Wed 11 Dec 2019

News

Data quality crucial to the success of insurance blockchain platforms

The insurance market needs to place more emphasis on improving the quality of its data if blockchain technology is to continue to succeed in the sector, a panel of industry executives has said.

Wed 11 Dec 2019

Chaucer builds GL with MS Amlin and Syndicate 2525 hires

News

Casualty

Chaucer builds GL with MS Amlin and Syndicate 2525 hires

Chaucer has appointed Thomas Beasley as senior class underwriter and Rob Neil as senior underwriter within its international general liability unit.

Wed 11 Dec 2019

Akibare cat bond trades up as Hagibis fears begin to ease

News

Property catastrophe

Akibare cat bond trades up as Hagibis fears begin to ease

Pricing in the secondary market for MS&AD’s Akibare catastrophe bond has ticked upwards in recent days, suggesting investors are increasingly confident that losses from Typhoon Hagibis will not trigger a payout.

Wed 11 Dec 2019

News

German insurtech Wefox raises $110mn of funding led by Omers

Wefox Group has closed an additional $110mn of series B funding, bringing its total funding in 2019 to $235mn.

Wed 11 Dec 2019

News

Hartford hires Travelers’ Genden to lead international insurance

The Hartford has hired Sean Genden from Travelers to lead its international insurance arm, with the new arrival set to play a prominent role in the further integration of Navigators into its operations.

Wed 11 Dec 2019