Articles
Insurance
There is no threat to European Union financial stability from insurers in Britain and Gibraltar that have yet to shift contracts with EU customers to the bloc in case of a hard Brexit, Reuters reported on Nov. 5 citing an EU watchdog. 6 November 2018
Insurance
Re/insurer QBE has unveiled plans to consolidate its Asian and European operations into a "large and better resourced" international division; it will also merger its Pacific business with its Australian & New Zealand operations. 5 November 2018
Insurance
Gibraltar based MGA, Pukka Insure has launched a new private car offering backed by QIC Europe. 2 November 2018
News
Swiss Re reported a net income of $1.1 billion for the first nine months of 2018 compared to a loss of $468 million for the same period a year ago, despite an estimated claims burden of $1.6 billion from natural catastrophes and large man-made events. 1 November 2018
Insurance
The chief executive of the London and International Insurance Brokers Association (LIIBA) has told insurance brokers that the key challenge facing them post-Brexit remains the uncertainty around the proposed models for brokers to maintain access to London for European risks. 1 November 2018
Insurance
Specialist re/insurance market Lloyd’s of London has revealed that it will write facultative reinsurance and non-proportional excess of loss (XoL) treaty reinsurance on Lloyd’s Brussels paper from 1st January 2019 across all markets in the EEA. 30 October 2018
Insurance
Berlin-based artificial intelligence (AI) powered insurtech start-up omni:us has closed its Series A funding round and secured a total investment of $22.5 million. 30 October 2018
Insurance
The use of merger and acquisition insurance and related products has become prevalent in Europe and the US, driven by its ability to reduce deal negotiations and transfer uncertainty, as David De Berry of Concord Specialty Risk and Tim Martin of Hunter George & Partners tell Intelligent Insurer. 29 October 2018
Insurance
Insurance Europe’s Reinsurance Advisory Board (RAB), a representative body for the European reinsurance industry, has accused the US National Association of Insurance Commissioners (NAIC) of deviating significantly from the original language of the bilateral agreement on re/insurance prudential measures, concluded between the EU and US in 2017, in its draft implementation plans. 28 October 2018
Insurance
American International Group (AIG) has received the final approval from the High Court of England & Wales to split its European business among two new entities ahead of the UK’s exit from the European Union. 26 October 2018
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