Beazley adds to financial lines team in Barcelona

Beazley adds to financial lines team in Barcelona

Beazley adds to financial lines team in Barcelona

Beazley has appointed two financial lines underwriters for continental Europe. Based in Barcelona, Francisco Alcaide joins Beazley from Hiscox where he worked in Spain as senior underwriter in the professional risks team. Mr Alcaide will launch Beazley’s e-trading platform, MyBeazley, for specialty products in Spain. Alexander van Nierop will also be based in Barcelona and joins Beazley from Aon in…

Sompo and SV team up for German crop insurance launch

Sompo and SV team up for German crop insurance launch

Sompo and SV team up for German crop insurance launch

Bermuda’s Sompo International Holdings and German public insurer SV SparkassenVersicherung (SV) have partnered to deliver new insurance solutions for the agriculture sector. The two companies will work together to launch a German crop insurance product in early 2019. It will see Sompo’s international global agriculture platform AgriSompo, which uses technical expertise for its insurance and reinsurance agricultural products globally, work…

Third-quarter profit sets Allianz on course for full-year target

Third-quarter profit sets Allianz on course for full-year target

Third-quarter profit sets Allianz on course for full-year target

Allianz is on track to meet its 2018 profit target after reporting a 21% increase in third-quarter operating profit to €3bn, boosting first nine-month profits to €8.7bn. P&C business recorded a 45% increase in operating profit to €1.5bn, following cat losses in Q3 2017. P&C operating profits for the nine months to September totalled €4.2bn, accounting for near-enough half of…

Munich Re raises ERGO profit target following third-quarter results

Munich Re raises ERGO profit target following third-quarter results

Munich Re raises ERGO profit target following third-quarter results

Munich Re reported third-quarter operating profits of €1.04bn, turning around last year’s €1.73bn loss in the same period, which was heavily impacted by US hurricane claims. After tax, the group’s consolidated profit totalled €483m in the third quarter, from a loss of €1.44bn in Q3 2017. Reinsurance business added €309m to the consolidated result, after taking the brunt of losses…

1 2 3 51