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Old Mutual’s Pearce joins MS Amlin as CFO

News

People Moves

Old Mutual’s Pearce joins MS Amlin as CFO

MS Amlin - a subsidiary of Japanese giant MS&AD - has hired Old Mutual’s former finance director Iain Pearce as its new CFO, as part of the continuing restructuring of the senior team under the direction of CEO Simon Beale.

Fri 26 Apr 2019

Mark Watson

CEO, Argo Group

Fri 26 Apr 2019

Scor P&C Q1 profit flat while top line balloons 16%

News

Results

Scor P&C Q1 profit flat while top line balloons 16%

French powerhouse Scor saw gross written premiums climb to Eur1.72bn ($1.92bn) in its P&C division in the first quarter of the year – up 16.1 percent at current exchange rates – driven by a “very positive” January renewal period and portfolio growth, particularly in the US.

Fri 26 Apr 2019

Greg Hendrick

Chief Executive Officer, Axa XL

Fri 26 Apr 2019

Qatar Re names Michael van der Straaten CEO

News

People Moves

Qatar Re names Michael van der Straaten CEO

Qatar Re has promoted acting CEO Michael van der Straaten to the the top role at the Bermudian-headquartered carrier.

Fri 26 Apr 2019

AJG’s organic broking revenues up 5.7% in Q1

News

Results

AJG’s organic broking revenues up 5.7% in Q1

Arthur J Gallagher (AJG) narrowly beat Wall Street earnings expectations in the first quarter, as it posted strong organic growth and higher margins in broking and risk management.

Thu 25 Apr 2019

MMC expects “near term choppiness” as it integrates JLT

News

M&A

MMC expects “near term choppiness” as it integrates JLT

MMC CEO Dan Glaser was bullish about the benefits of the JLT acquisition during the broker’s first-quarter results call but acknowledged short term growth will be affected.

Thu 25 Apr 2019

Lee Equity Partners is frontrunner in K2 sales process

News

M&A

Lee Equity Partners is frontrunner in K2 sales process

PE firm Lee Equity Partners (LEP) has emerged as a frontrunner to buy US program manager and MGA K2 Insurance Services, The Insurer can reveal.

Thu 25 Apr 2019

News

People Moves

RFIB Americas MD Hudson set to leave

RFIB Americas managing director Simon Hudson is leaving the broker to pursue other opportunities, The Insurer can reveal.

Thu 25 Apr 2019

News

Capital Z sells $200mn Hamilton stake

Capital Z has sold its remaining investment in Bermudian (re)insurer Hamilton Insurance Group (HIG), The Insurer can reveal.

Thu 25 Apr 2019

Aspen Bermuda CFO LeMoine heads for Horseshoe

News

People Moves

Aspen Bermuda CFO LeMoine heads for Horseshoe

Bermudian Horseshoe Group has appointed Fred LeMoine as director of its insurance management services.

Thu 25 Apr 2019

Florida’s AOB reform to reduce rate need to 10.1% from 25.2%: Citizens

News

Legal/ Regulatory

Florida’s AOB reform to reduce rate need to 10.1% from 25.2%: Citizens

Citizens has said the assignment of benefits (AOB) reform passed in Florida will slash the primary rate increases needed on homeowners insurance, as other observers suggest the impact will also reverse the expected reinsurance hardening at 1 June in subsequent renewals.

Thu 25 Apr 2019

Marsh’s Doyle: expect more facilities following FCA review

News

Results

Marsh’s Doyle: expect more facilities following FCA review

Marsh expects to see “an opportunity for the greater use of facilities” in the London market following the broadly benign recent findings by the UK’s Financial Conduct Authority’s review into the wholesale insurance market.

Thu 25 Apr 2019

Property leads firming US commercial insurance market: WTW

Analysis

Casualty

Property leads firming US commercial insurance market: WTW

As insurance buyers prepare for RIMS in Boston next week there is further evidence of a hardening market for US commercial insurance, with Willis Towers Watson expecting firming prices “almost universally” across the sector for the rest of this year.

Thu 25 Apr 2019