Cyber insurtech Arceo.ai appoints AGCS’ Donavan CUO

Cyber insurance start-up Arceo.ai has hired Emy Donavan as executive vice president and chief underwriting officer.

Mon 2 Dec 2019

Argo questions legitimacy of Voce’s proposed ‘special meeting’ to replace board members

Bermudian carrier Argo has hit back at Voce and its call for shareholders to support a ‘special meeting’ – where it could ultimately replace five members of the board – questioning if the activist investor’s approach to shareholders complied with “applicable law and regulations”.

Mon 2 Dec 2019

Beazley hires AWAC’s Karimali for US D&O team

Blue-chip insurer Beazley has hired Rozina Karimali as executive risk underwriter within its US cyber and executive risk division.

Mon 2 Dec 2019

Chaucer takes AGCS’ Sheedy to build out US GL after capacity increase

Specialty carrier Chaucer has appointed Colm Sheedy as class underwriter for US general liability (GL) as it also increases capacity for the line of business.

Mon 2 Dec 2019

S&P maintains stable Deutsche Rück outlook

Rating agency Standard & Poor’s (S&P) has affirmed Deutsche Rück’s ‘A+’ rating and stable outlook, citing the insurer’s “very strong” capital base, “risk adequate” underwriting and a “conservative” reserving strategy.

Mon 2 Dec 2019

Why insurers must utilise multiple data sources for subsidence, heave and other ground movement risk

Mon 2 Dec 2019

Pro CEO Niemczewski steps down

Artur Niemczewski is departing from Pro Global to “pursue other opportunities” after six years in the CEO role.

Mon 2 Dec 2019

Coverys 1975 hires Fathers as MPL underwriter

Coverys Managing Agency has appointed Priya Fathers as medical professional liability (MPL) underwriter for Syndicate 1975.

Mon 2 Dec 2019

Arch completes Barbican acquisition

Arch Capital has completed its acquisition of Lloyd’s insurer Barbican Group Holdings from funds managed by US alternative asset management firm Carlson Capital.

Mon 2 Dec 2019

Hiscox to leave FTSE100 after brief sojourn

After a near 25 percent fall in its share price since the summer, Lloyd’s carrier Hiscox plc is set to be ejected from the FTSE100 later this week.  

Mon 2 Dec 2019

Zurich takes pole position in Indonesia with Adira buy

Swiss giant Zurich has completed its purchase of an 80 percent stake in PT Asuransi Adira Dinamika (Adira Insurance), making it the largest international P&C insurer in the region.

Fri 29 Nov 2019

Marmalade names Markerstudy’s Thompson underwriting director

Young driver insurance provider Marmalade has appointed motor intermediary Markerstudy’s head of schemes, Gary Thompson, as underwriting director.

Fri 29 Nov 2019

Sompo sets sights on global top 10 through “large-scale” M&A

Japanese giant Sompo Holdings plans to secure its place as a top 10 global insurance player through “drastic” growth, citing “large-scale” acquisitions and increasing its overseas activity.

Fri 29 Nov 2019

US P&C pressure migrating to Europe: Axis’ Wilson

As conditions continue to tighten in the casualty and property spheres, Axis Insurance CEO Peter Wilson told The Insurer that a hardening market in the US looks set to put pressure on the European and UK markets.

Fri 29 Nov 2019

Early winter US storms and Mediterranean flooding spur near $1bn losses: Aon

Severe winter weather across California through to Northeast US and flooding along the Mediterranean coasts of Italy and France have caused damage of $940mn+ according to initial estimates, with the majority of losses insured.

Fri 29 Nov 2019

Munich Re Syndicate to increase 2020 Lloyd’s stamp capacity by nearly a quarter

Munich Re’s Syndicate 457 has received Lloyd’s business plan approval is to increase its stamp capacity to £525mn in 2020, an increase of nearly 24 percent, The Insurer can reveal.

Fri 29 Nov 2019