People Moves: BHSI Enters Commercial Hull in Australasia, Hiring Hesson From QBE; Hannover Re Appoints Swiss Re’s Ooi to Oversee P/C Growth in APAC August 9, 2022 This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and Hannover Re. A summary of these...
Argenta Ceases Underwriting New and Renewal Business in Singapore August 9, 2022 Argenta Underwriting Asia Pte Ltd (AUA) announced that it will cease writing new and renewal business in Singapore with immediate...
AIG Exceeds Profit Estimates on Strong Underwriting Gains August 9, 2022 Insurer American International Group Inc. beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned...
Brazil’s BB Seguridade Posts 86.6% Rise in Q2 Net Profit August 9, 2022 By Gabriel Araujo Brazilian insurer BB Seguridade Participacoes SA on Monday increased its full-year outlook, citing higher-than-expected growth in written premiums as it...
Argo Group Hands Board Seat to Activist Hedge Fund Firm Voce Capital August 9, 2022 By Svea Herbst-Bayliss Argo Group International Holdings handed a board seat to its largest investor on Monday, adding activist hedge fund manager J....
Independent Agents Place Majority of U.S. P&C Insurance: Big I August 9, 2022 The independent agency channel places 62% of all property-casualty insurance written in the U.S., according to the Big “I” 2022...
Allianz Weighs Sale of Stake in Saudi Arabia Unit August 9, 2022 By Manuel Baigorri Allianz SE is considering a sale of its Saudi Arabian unit, people familiar with the matter said, a move that...
Report: Previously Flooded Carolina Homes Pose Risk to Buyers August 9, 2022 A new Natural Resources Defense Council report exposes potential hidden costs associated with purchasing a single-family home with a flood...
Tennessee’s Kemmons Wilson Joins Virtus Brokerage August 9, 2022 Virtus LLC, a Kansas City-based insurance brokerage and consulting firm, has joined forces with Kemmons Wilson Insurance Group, a Memphis...
Truist Buys Texas-based BenefitMall August 9, 2022 Charlotte-based Truist Insurance Holdings, one of the largest insurance brokerages in the United States, has agreed to acquire BenefitMall, the...