American International Group - AIG announced that Catherine DUFFY will join the company's General Insurance business as Country Manager of Bermuda, at a date to be determined.
Turkish reinsurer MILLI Re stated that Gokhan AKTAS has been appointed to the position of Manager of Foreign Inward Business on 01 September 2018.
AXA has announced on September 12 that it has completed the acquisition of XL Group Ltd, a leading global Property & Casualty commercial lines insurer and reinsurer with strong presence in North America, Lloyd's, Europe, and Asia-Pacific.
The French group GROUPAMA (Groupama Assurances Mutuelles) has reported a combined premium income of EUR 9.5 billion, 3.6% up y-o-y, for 1H2018. Most of the premium income, worth EUR 8 billion, was provided by the French business segment.
QBE European Operations, the business insurance specialist, part of the Australian QBE Insurance Group, has received the High Court approval for moving its general insurance business written through its European branch network to QBE's new Belgian (re)insurance entity, QBE Europe SA/NV.
Fixter, the AXA-backed, London startup founded in 2016 to enable the French-based insurer to better cover the British motor insurance market, has expanded in key regions across the country.
QBE reported a statutory net profit after tax of USD 358 million, up 4% from USD 345 million in the first half of 2017 while cash profit after tax was also up 3% to USD 385 million from USD 372 million.
Reinsurer Munich Re has announced that via its subsidiary Hartford Steam Boiler (HSB), it has acquired the software company relayr, of which it will hold 100% of the shares upon completion.
JLT Re said that Vijay MAVANI will join JLT Re as a Partner, Capital Solutions after he will complete his contractual obligations with his current employer. He is expected to start at JLT Re early in 2019.
JLT Re announced that Michel FONTAINE has been appointed as a Partner in the Paris office.
ALLIANZ announced that its premier fixed income investment managers - PIMCO, has hired John STUDZINSKI as Managing Director and Vice Chairman of PIMCO in its Executive Office. He will be based in PIMCO's New York office and will report to Emmanuel ROMAN, PIMCO's Chief Executive Officer.
SCOR announced that Standard & Poor's (S&P) affirmed the financial strength rating for the Group and its main subsidiaries at "AA-", with a "stable outlook", and maintained the counterparty credit ratings at "AA-/A-1+".
CCR (Caisse Centrale de Reassurance), the public-sector reinsurer that provides cedant insurers operating in France with coverage against natural catastrophes and uninsurable risks, has ended 1H2018 with premiums worth EUR 898 million, fueled chiefly by its Natural Disaster activity (92%).