Typhoon Hagibis to Cost Japan’s Economy $10B, with Insured Losses in Billions: Aon November 8, 2019 Typhoon Hagibis is likely to become one of 2019’s costliest events, with economic costs of more than US$10 billion and...
Investors React Positively to Argo CEO’s Exit, Despite Q3 Net Loss November 8, 2019 By Mark Hollmer The day after Argo Group International Holdings announced CEO Mark Watson III was retiring “immediately,” investors seemed ecstatic, driving the...
AM Best Reviews Argo Group’s Ratings in Reaction to SEC Probe, Watson Exit November 8, 2019 AM Best has placed the credit ratings of Argo Group International Holdings Ltd. and its subsidiaries under review with negative...
VIBE Syndicate 5768 to Be Placed into Solvent Run-off November 8, 2019 The board of VIBE Syndicate Management announced, effective Dec. 31, 2019, its Syndicate 5678 at Lloyd’s will be placed into...
Lloyd’s to Create Single Governing Body, Merging Council and Franchise Board November 8, 2019 Re/insurance market Lloyd’s announced its decision to merge the Council of Lloyd’s and the Franchise Board, effective from June 1,...
Aon’s Turner Appointed Chairman of Ed Bermuda November 7, 2019 Ed, the reinsurance, wholesale and specialty broker, announced it has appointed John Turner as chairman of Ed Bermuda. In this...
Aviva U.K. Unit Dismisses Fears that ESG Investing Hampers Financial Returns November 7, 2019 By Alice Gledhill A major U.K. institutional investor has dismissed a commonly-held fear of ESG investing — that it hampers financial returns. Aviva...
Legacy Specialist Compre Buys 2nd Portfolio from Belgium’s AG Insurance November 7, 2019 Compre, the London-based independent re/insurance legacy specialist, announced it has signed agreements to transfer an inwards reinsurance portfolio from AG...
French Search Teams Find Fragments of Airbus Engine that Exploded in Flight November 7, 2019 French volunteer search teams have found fragments from an engine that exploded in mid-air over eastern France in July, officials...
China Pacific Eyes Swiss Re Stake but Real Target Might Be London Listing: Opinion November 7, 2019 By Nisha Gopalan, Bloomberg Opinion It’s a deal linking Shanghai and Zurich, but the real target looks to be London. China Pacific Insurance (Group) Co....