The Risky Future Summit starts today! Register now.

International & Reinsurance News

Miller Appoints Griffiths to Its Sports & Entertainment Team

David Griffiths, who has held several top sports insurance broking and production roles in a career spanning 25 years has joined Miller’s sports and entertainment team to further boost its growth plans. Griffiths began his insurance career in 1991 with …

Verisk Analytics Buys UK’s The GeoInformation Group

Verisk Analytics Inc., the Jersey City, N.J.-based data analytics provider, announced it has acquired The GeoInformation Group, a leader in the field of geographic data solutions based in Cambridge, England. “This acquisition expands Verisk’s footprint in the U.K. as a …

Marsh to Acquire UK-Based Bluefin Insurance from AXA for $369.4M

Marsh announced it has reached agreement with AXA Group to acquire Bluefin Insurance Group Ltd., a subsidiary of AXA UK plc. The transaction, which is subject to regulatory approval, is expected to close in the first quarter of 2017. AXA …

AIG Agrees to Sell Japan Life Business to Hong Kong’s FWD Group

Hong Kong tycoon Richard Li is poised to buy American International Group Inc.’s Fuji Life Insurance Co. business, a deal that marks his FWD Group’s first foray into Japanese insurance. AIG will continue to offer property-casualty coverage in the Asian …

Argo Group to Acquire Ariel Re for $235M

Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance and reinsurance products, announced it has entered an agreement to acquire Ariel Re, an underwriter of global re/insurance business, for approximately $235 million in cash. The acquisition, which is …

Lockton Names Tyler as Head of Global Benefits Business

Lockton has appointed Mike Tyler as head of Lockton International Benefits. He will also become chair of the Global Benefits Leadership Group, which will oversee expansion of the benefits capabilities around the globe. The benefits practice represents 30 percent of …

New Zealand Avoids Widespread Damage from Earthquake; AIR Comments

New Zealand was rocked by a powerful earthquake early Monday that killed two people and caused extensive damage to roads and businesses, but avoided the widespread destruction caused by a 2011 quake that killed 185 people. The local dollar fell. …

SMA/Gerling Norway to Be Renamed Skuld Marine Agency

Skuld, the Olso-based marine insurance provider, announced SMA/Gerling Norway will be renamed Skuld Marine Agency (SMA) following the company’s acquisition by Skuld. Marketing has now begun for Jan. 1, 2017 renewals on Skuld paper under the new SMA brand, the …

Trump Could Rip Up Decades of Climate Deals in a Year

It took more than two decades for nations around the world to forge an agreement to save the planet from global warming. Within one year, Donald Trump could leave it in tatters. Trump, who has said climate change is a …

Allianz Q3 Profit Rises 36%, Helped by Higher Life & Health Earnings

Allianz SE, Europe’s biggest insurer, said third-quarter profit rose 36 percent, helped by higher earnings at the life and health insurance unit. The shares rose. Net income increased to 1.86 billion euros ($2.03 billion) from 1.36 billion euros [$1.48 billion] …

International & Reinsurance News Archives by Month