Next-gen critical illness/accident products launched by Chubb in US

Next-gen critical illness/accident products launched by Chubb in US

Next-gen critical illness/accident products launched by Chubb in US

Chubb Workplace Benefits has launched its next generation of group critical illness and accident products, designed to address current healthcare concerns in the US. Chubb said the new products feature innovative benefits for diabetes, cancer and telemedicine services. According to the insurer, the products demonstrate its “continuing commitment to crafting employee benefits that can help today’s employers strengthen the financial…

Duncan Ellis joins AIG as head of retail property, North America general insurance

Duncan Ellis joins AIG as head of retail property, North America general insurance

Duncan Ellis joins AIG as head of retail property, North America general insurance

American International Group has appointed Duncan Ellis as head of retail property, North America general insurance. He will lead general insurance’s North American retail property business and will be based in New York and report to Ken Riegler, president of North America general insurance, product and field management. Mr Ellis will join AIG in late September from Marsh, where he…

ArgoGlobal’s Syndicate 1200 to cease underwriting operations in Asia

ArgoGlobal’s Syndicate 1200 to cease underwriting operations in Asia

ArgoGlobal’s Syndicate 1200 to cease underwriting operations in Asia

ArgoGlobal is to exit Syndicate 1200 underwriting operations in Asia and most of its hull underwriting business within the syndicate. ArgoGlobal, a Lloyd’s insurer and member of Argo Group, said that all existing policies remain valid and the company will manage claims handling through its London operation. “Over the past two years, we’ve taken deliberate steps to improve profitability in…

AXA XL appoints global head of upstream energy

AXA XL appoints global head of upstream energy

AXA XL appoints global head of upstream energy

Steven Farr has been promoted to lead AXA XL’s global upstream energy team with immediate effect. He becomes global head of upstream energy and will be based in London. He will be responsible for developing the upstream energy book, expanding on and delivering underwriting strategy and product profitability. Huw Jones, chief underwriting officer for global energy at AXA XL, said:…

Rating downgrades outpace upgrades for US P&C industry in first-half 2019, says Best

Rating downgrades outpace upgrades for US P&C industry in first-half 2019, says Best

Rating downgrades outpace upgrades for US P&C industry in first-half 2019, says Best

AM Best has said that rating downgrades for the US P&C industry during the first half of 2019 outpaced rating upgrades for the first time in five years. It said this was due to ongoing negative effects from the 2017-2018 catastrophes on the US P&C industry. According to Best, loss-affected companies saw declines in risk-adjusted capitalisation, volatility in operating performance,…

Malaysian general insurance sees fall in premium for first-half 2019

Malaysian general insurance sees fall in premium for first-half 2019

Malaysian general insurance sees fall in premium for first-half 2019

Malaysia’s general insurance industry recorded MYR8.92bn in gross direct premiums for the first six months of 2019, a 1.4% fall compared to the same period last year, according to the General Insurance Association of Malaysia (PIAM). The main class of insurance, motor, was relatively flat with a marginal decline of 0.2% at MYR4.18bn, while fire insurance grew 2.5% to MYR1.73bn.…

New regional manager UK and Ireland for MAXIS GBN

New regional manager UK and Ireland for MAXIS GBN

New regional manager UK and Ireland for MAXIS GBN

MAXIS GBN has appointed Aaron Brown to the new role of regional manager UK and Ireland. He will lead a team of seven employee benefits experts working with MAXIS GBN’s strategic partners, including brokers, consultants and local member insurers, to develop employee benefit solutions for UK and Irish multinational companies. “The team has seen a 50% headcount growth in the…

New head of Bermuda property for Liberty Specialty Markets

New head of Bermuda property for Liberty Specialty Markets

New head of Bermuda property for Liberty Specialty Markets

Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has promoted Nicholas Garside to the role of head of Bermuda property. He will take up his new role on 1 September and will be based in Hamilton. He will report to Steve Horton, president, Liberty Specialty Markets Bermuda. Mr Garside joined Ironshore Bermuda as senior vice-president of property in 2018,…

Allianz acquisition strengthens presence in Brazil

Allianz acquisition strengthens presence in Brazil

Allianz acquisition strengthens presence in Brazil

Allianz is to acquire the automobile and other P&C operations of SulAmérica for BRL3bn (€667m), making it one of the top three insurers in Brazil. Allianz said the acquisition supports its growth strategy in key markets and will strengthen the competitive position of Allianz in Brazil. According to Allianz, the total premium income from the acquired entity totalled approximately €806m…