News – Page 141
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People & OpinionAXIS Insurance Expands Management Liability Team With Four Senior Underwriting Hires
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS), today announced the hiring of four experienced underwriters to its U.S. Management Liability team. Christina Segreti, Drew Kushnick, Matthew Holzinger and Sherry Alexakis have joined AXIS as Senior Underwriters to help support the Company’s profitable ...
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People & OpinionOrganisational changes at SCOR global P&C
After absorbing the impacts of COVID, SCOR Global P&C approaches 2021 with a positive outlook and is making a number of changes to better accompany this anticipated improving market. We aim at being more agile to faster adapt to the evolutions of markets with different levels of socioeconomic maturity, varied ...
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NewsBest’s Market Segment Report: Nigeria’s Insurance Market Offers Significant Potential Despite Headwinds
Nigeria’s substantial oil and gas reserves, its young and growing population and its position as Africa’s largest economy continue to point to significant development potential for its insurance sector. However, Nigeria has failed to deliver on that potential historically due in part to the volatility of growth in the country’s ...
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NewsAfrica Reinsurance Corporation (Africa Re) Group selects DIFC for Middle East expansion
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region has welcomed Africa Reinsurance Corporation (Africa Re) Group. The business will operate as Africa Re Underwriting Agency Limited (Africa Re) and the DIFC presence is their first office outside Africa.
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NewsChedid Capital acquires 80% of ASCOMA
Chedid Capital Holding (Chedid Capital) has acquired 80% in ASCOMA’s (Ascoma Assureurs Conseils) insurance brokerage business in Africa – a network of 21 subsidiaries and 780 employees across 21 African countries, with an office for international affairs in Paris.
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NewsCrawford & Company acquires claims company in Chile
Crawford & Company is pleased to announce the acquisition of Crawford Carvallo and its individual business units (Graham Miller, Crawford Marine & Transportation, Crawford Affinity Chile, Crawford Affinity Colombia, Legaltec, and Quality Surs), a leader in the provision of loss adjusting, claims management solutions and legal services in Chile. Crawford ...
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NewsSCOR announces the appointment of Ian Kelly as Chief Financial Officer
SCOR announces the appointment of Ian Kelly, currently Head of Investor Relations, as Chief Financial Officer, with effect from October 2, 2020. Ian Kelly will join the Group Executive Committee on this date. Mark Kociancic has decided to pursue a new direction in his career, having successfully served as Group ...
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ViewpointsAI won’t save us from a cyber catastrophe
Vinton Cerf, an American internet pioneer and one of the ‘fathers of the internet’ recently shared his thoughts with Airmic deputy CEO and technical director Julia Graham during Airmic Fest
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AnalysisBriefing: £11bn lost revenue … astonishing costs of FCA price reform
It is enough to make the mind boggle. Looking through the FCA’s pricing reform papers, some startling predictions are made by the regulator. The revenue lost to UK General Insurance is huge, putting this regulatory event as possibly the most costly industry event in the recent history of this ...
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ViewpointsFuture of insurance: Non-damage business interruption
Special edition: Future of business. In The Future of Business series, sister title StrategicRISK, in association with Swiss Re Corporate Solutions, look at the scale of change in the industries that are driving real innovation and shaping the future of business, and consider the impact from a risk and insurance ...
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NewsBI test case heard by NSW Court of Appeal
Insurance industry argued that the intention of pandemic exclusions in commercial property policies that contain business interruption cover is clear
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People & OpinionOneglobal: Duncan Urquhart appointed as Executive Director
Oneglobal, the broker that revolves around its clients, is pleased to announce the appointment of Duncan Urquhart as Executive Director. Duncan will join the Group Executive Committee and will report to Oneglobal’s CEO, Mike Reynolds. His appointment is effective immediately. Duncan Urquhart is a senior insurance leader with over 30 ...
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NewsWhite Mountains to significantly expand capitalisation of Ark Insurance Holdings
White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that it has entered into a definitive agreement to invest fresh capital in and to acquire a majority interest in Ark Insurance Holdings Ltd, the ultimate parent company of Ark Syndicate Management Limited. Ark is a leading Lloyd’s platform well positioned ...
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NewsPool Re launches strategy paper “Guaranteeing Great Britain: Managing Terrorism Risk & Building Resilience”
Pool Re, Britain’s leading terrorism reinsurer, has announced the launch of its forward looking strategy paper entitled, “Guaranteeing Great Britain: Managing Terrorism Risk & Building Resilience”. The launch coincides with the recent announcement by the government of its latest five year review of Pool Re, which will include discussion around ...
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NewsHg invests in Hyperion in a transaction valued at $5 billion
Hg, a leading European investor in software and tech-enabled services businesses, today announces that it will make a significant long-term equity investment in Hyperion Insurance Group Limited (“Hyperion”), the international insurance intermediary. The transaction values the business at an enterprise value of around US$5 billion. In conjunction with an ...
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People & OpinionAllianz names Paul Evans as non-exec chairman
Evans will initially start in November as chairman elect, before taking over the role fully in April 2021
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NewsEC3 Brokers calls on government to become ‘insurer of last resort’ for live events
The broker has called on the government to become the insurer of last resort for the sports and entertainment industry and warns of the potential ’carnage’ on the UK’s economy if these venues cannot get the insurance they need to operate
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People & OpinionEverest Re appoints Mark Kociancic Group Chief Financial Officer and Jim Williamson Group Chief Operating Officer
Everest Re Group today announced the appointment of Mark Kociancic as Executive Vice President and Group Chief Financial Officer and Jim Williamson as Executive Vice President and Group Chief Operating Officer. Both will serve on the Everest Executive Leadership Committee and report directly to President and ...
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People & OpinionThird Point Reinsurance announces appointment of David Junius as COO
Third Point Re today announced that David Junius has been appointed Chief Operating Officer effective October 1, 2020. Upon the Company’s anticipated closing of its merger transaction (the “Merger”) with Sirius International Insurance Group Ltd. (“Sirius” or “Sirius Group”), Mr. Junius will be appointed Chief Financial Officer of the Company, ...
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People & OpinionGuy Carpenter announces the appointment of Paul Miller to lead Property Catastrophe value proposition for UK
Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a business of Marsh & McLennan Companies (NYSE: MMC), today announced the appointment of Paul Miller to lead Guy Carpenter’s Property Catastrophe value proposition for UK, Global Specialties and key global clients, effective September 2021. Mr. Miller ...
