Allied World Assurance Company has selected Iain MacLeod as senior vice president, Asia-Pacific, to manage distribution management and regional business development for all direct and facultative lines, including casualty, environmental, ...
Tags: Allied World Assurance Company, MacLeod, distribution management
Italy based underwriter Generali is planning to dispose of its non-strategic assets in 2013, to boost its overseas operations and expand into China and the rest of Asia, Eastern Europe and Latin America, and other emerging market. ...
Tags: non-strategic assets, Generali, insurer
PartnerRe, a provider of reinsurance services, has appointed Egbert Willam to its Board of Directors to serve on it’s Audit and Nominating and Governance Committees, effective from 01 June 2012. Willam, who is the founder and ...
Tags: PartnerRe, reinsurance service, reinsurance, insurance, insurance product
General Re's former chief executive Ronald Ferguson and four other executives have struck a deal with the US government to prevent a second criminal trial over allegations of creating fake reinsurance transactions to strengthen American ...
Tags: General Re, criminal trial, fake reinsurance, insurance
MetLife has appointed John Hele as its new executive vice president and chief financial officer, effective from 04 September 2012. Hele, who holds more than 30 years of broad financial services and insurance industry experience, will ...
Tags: MetLife, John Hele, executive vice president, insurance
German underwriter Munich Re consolidated profit rose by 10% to €812m in the second quarter of 2012, compared with a consolidated profit of €738m during the same quarter last year. The insurer said that the profit rose as ...
Munich American Reassurance Company (MARC), a subsidiary of Munich Re has announced a significant enhancement to EDGE, its web-based life underwriting manual for assessing mortality risks. According to the company, the enhancement offers ...
Tags: Munich American Reassurance Company, mortality risk, life insurance
Alterra America Insurance Company, a wholly-owned subsidiary of Alterra Capital Holdings, has signed an agreement with Ullico Casualty Group (UCG), to venture into the US multiemployer and governmental fiduciary liability and union ...
The ACE Group, a provider of insurance and reinsurance services, has made two new management appointments within its Continental Europe region, with an aim to boost underwriting capabilities across the region. The insurer said that Jerome ...
Tags: ACE Group, insurance, reinsurance, management appointment
Presidential Life and Athene have inked a definitive agreement for an Athene subsidiary to acquire Presidential Life for $14 per share in cash, in lieu of an aggregate purchase price of nearly $415m. In pursuant of the terms of the merger ...
Tags: Presidential Life and Athene, Presidential Life, acquisition
Scottish Re Group has reported a net income of $17.13m for the first quarter of 2012, compared to $22.38m for the same period in 2011. The total revenues decreased to $130.25m for the first quarter of 2012, compared to $165.74m for the ...
Tags: Scottish Re Group, net income, quarter 1, total revenues, insurance
Reinsurance Group of America (RGA) has reported a net income of $123.32m, or $1.67 diluted earnings per share, for the first quarter of 2012, compared to $148.92m, or $2.02 diluted earnings per share, for the same period in 2011. The ...
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Reinsurance Group of America has registered a second-quarter net income of $141.1m, or $1.91 per diluted share, against a net income of $123.9m, or $1.66 per diluted share in the prior-year quarter. For the current quarter period, its ...
Tags: Reinsurance Group, quarter 2 net income, insurance, reinsurance
UK-based specialist insurance and reinsurance broker, Miller Insurance Services has appointed Warren Dann to help develop its sector targeting strategy. Additionally, Dann will also be tasked with growing the company's portfolio of ...
Privately owned insurance broker Lockton has established a joint venture with reinsurance broker, Security Re, in Ecuador, to strengthen its capability in the Latin American region. The new establishment will be branded as Lockton ...
Tags: Lockton, joint venture, Latin America, reinsurance, insurance