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Insurance
RSA H1 underwriting profit down 23%
UK-based RSA reported underwriting profit down 23 percent year on year at £171 million in the first half of 2018 due to adverse weather, especially in Canada.   2 August 2018
Insurance
AXA reduces XL cat exposure by 40%
French insurer AXA and XL Group have reduced potential catastrophe impacts by around 40 percent relative to 2017 ahead of the merger of the two entities, according to AXA’s first half 2018 earnings presentation.   2 August 2018
Insurance
AXA net income drops 11% in H1 2018
French insurer AXA has reported a decline in net earnings in the first half of 2018 due to the impairment of intangible assets linked to the transformation of its Swiss Group Life business, the negative impact from the change in the fair value of financial assets and derivatives, as well as exceptional charges linked to the IPO of AXA Equitable Holdings.   2 August 2018
Insurance
Generali P&C operating result up 3.8% in H1
The Generali Group has improved the property/casualty (P&C) operating performance in the first half of 2018, driven by a better technical result.   1 August 2018
Insurance
Generali CFO leaves amidst restructuring
Assicurazioni Generali group chief financial officer (CFO) Luigi Lubelli is leaving the company as the Italian insurer restructures the business.   1 August 2018
News
Global insurance M&A activity rises further in H1
Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2018 with 186 completed deals worldwide, up from 180 in the second half of 2017, according to Clyde & Co’s Insurance Growth Report mid-year update.   1 August 2018
Insurance
Insurtech startup FloodFlash raises £1.9m funding
London-based FloodFlash, a startup that wants to offer insurance for previously uninsurable flood risk, has raised £1.9 million in seed funding from LocalGlobe, Pentech Ventures and InsurTech Gateway.   1 August 2018
Insurance
Cyber-attacks on business email accounts rise
Attacks targeting business email accounts continued to climb in the second quarter with email compromises accounting for 23 percent of breaches reported to the Beazley Breach Response (BBR) Services team, according to the Q2 Beazley Breach Insight Report.   31 July 2018
Insurance
CNA CEO refocuses Lloyd’s syndicate for international turnaround
CNA Financial Corporation’s CEO Dino Robusto wants to turn around the international business unit by refocusing the Lloyd’s Hardy syndicate.   31 July 2018
Insurance
Arch provides capacity to new insurtech MGA C-Quence
New insurtech managing general agent (MGA) C-Quence has secured underwriting capacity from Arch Insurance Company (Europe).   31 July 2018

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