Carrier

The development follows Aviva’s review of its Asian life, general and health insurance unit.

The deal doubles Hamilton’s total premium base on a pro forma basis to $1.1bn.

The executive is to step down from his responsibilities after seven years at the firm.

The Hanover’s commercial lines combined ratio has improved by 4.5 percentage points in two years.

The executive joined Neon in 2015 and was appointed group chief strategy officer in December 2018.

The carrier will continue to write hull business in Europe from its Genoa office.

The 2017 and 2018 wildfires have led to double-digit rate rises, reduced capacity and a more cautious attitude from reinsurers.

The Mark Cloutier-led carrier reported improvement in its underlying underwriting result.

The CEO also said QBE had reduced its exposure to financial lines as a result of heightened claims activity.

The underwriter will join the casualty team, led by Dan Curran.

Suncorp will phase out its thermal coal exposure by 2025 and Axis is currently consulting on a new environmental policy.

Chinese carrier aims to sell assets back to former owner Blackstone Group.