R&Q sees massive year-on-year spike in profitability in H1 2019
Randall & Quilter Investment Holdings, the specialist non-life legacy insurance investor and capacity provider to the US and European MGA business, reported profit after tax of $32.6 million for the six months ended 30 June 2019. This represented a massive increase on the $5 million it generated in the same period in 2018.
BPL Global appoints head of global reinsurance and portfolio solutions
BPL Global, the credit and political risk insurance broker, has named Gregory King-Underwood as director and head of global reinsurance and portfolio solutions.
Sedgwick completes acquisition of York Risk Services
Sedgwick, the provider of technology-enabled risk, benefits and integrated business solutions, has completed its acquisition of York Risk Services Group.
Chubb unveils next generation of workplace benefits
Chubb Workplace Benefits has unveiled its next generation of group critical illness and accident products that includes benefits for diabetes, cancer and telemedicine services.
AXA XL hires US underwriter for structured risk solutions
AXA XL, the property and casualty and specialty risk division of AXA, has named Austin Su as US underwriting lead of its structured risk solutions (SRS) business, part of the global alternative risk transfer group.
Willis Towers Watson expands its benefit financing team in New York
Willis Towers Watson has expanded its benefit financing team in North America with the appointment of Paul McNiff as director in its global services and solutions consulting business in the New York office.
NCCIA appoints new chairman
The North Carolina Captive Insurance Association has named Lea Riddle as its new chairman.
CIC vows to take IRS battle to the Supreme Court
CIC Services has warned the Internal Revenue Service that its battle against the tax authority’s “abuse of law-abiding taxpayers is not over,” vowing to take its case all the way to the Supreme Court.
Capsicum Re and Swiss Re unveil cyber reinsurance platform
Capsicum Re and Swiss Re have teamed up to launch Decrypt, a new holistic cyber reinsurance platform. It provides a single end-to-end solution to insurers’ cyber exposure challenges, including embedded, silent, and affirmative cyber risks.
US Court of Appeals declines to review CIC case against IRS
The US Court of Appeals for the Sixth Circuit has declined to review the case of CIC Services versus the Internal Revenue Service (IRS), which was found in favour of the IRS in 2017.
