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Japan-based Toa Reinsurance Company (Toa Re) has hired the former chief executive of Amlin Europe to spearhead a new European reinsurance venture. 17 May 2018
Insurance
Profits dipped at NN Group, one of the biggest insurers in the Netherlands, in the first quarter of 2018 but its gross premium income rocketed on the back of its 2017 acquisition of Delta Lloyd as its chief executive said he anticipates the integration of the two companies will be largely finalised by the end of the year. 17 May 2018
Insurance
GDPR (General Data Protection Regulation) fines which can reach up to 4 percent of a group's annual global turnover are only insurable in Finland and Norway from a group of 30 reviewed jurisdictions, according to Aon and DLA Piper research. 16 May 2018
Insurance
Bermuda-based Aspen Insurance Holdings has submitted an application to the Central Bank of Ireland for authorization of a new insurance subsidiary in Dublin, Republic of Ireland, to ensure that the insurance group can continue to operate in the European Economic Area after the UK leaves the EU. 15 May 2018
Insurance
Re/insurer XL Group has revealed several organisational and leadership changes ahead of the planned integration with the AXA Group. The move has led to the departure of top executives such as chief executive of global lines Doug Howat and chief experience officer Paul Jardine. 15 May 2018
Insurance
Belgium-based reinsurance managing general agency (MGA) FourteenZeroFive and marine group 24Vision.Solutions formed a joint venture to facilitate the take up of reinsurance for engineering and energy placements across Africa. 15 May 2018
Insurance
Allianz has benefited from better underwriting result in the first quarter of 2018 in property/casualty (P&C) but investment income mostly offset this improvement. 15 May 2018
Insurance
Insurtech startup Marshmallow has won a trademark case against insurance broker Marsh. 14 May 2018
Insurance
The European Insurance and Occupational Pensions Authority (EIOPA) has launched its fourth stress test for the European insurance sector which aims to assess insurers’ vulnerabilities. 14 May 2018
Insurance
The initial public offering (IPO) of AXA’s US unit was priced below the indicative price range but the proceeds, combined with a bond issue will still substantially secure the funding for AXA's planned acquisition of XL Group, according to Moody’s. 14 May 2018
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