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Insurance
Italian insurer Assicurazioni Generali has announced on Oct. 18 that its board of directors has resolved to terminate the working relationship with group chief insurance officer Valter Trevisani by mutual agreement. 19 October 2017
Insurance
Multi-line insurer Zurich Insurance group said on Oct. 19 that it expects aggregate claims in the third quarter of 2017 related to hurricanes Harvey, Irma and Maria, for the group’s property & casualty business, to be approximately $700 million net of reinsurance and before tax. 19 October 2017
Insurance
The ECON committee of the European Parliament has called on the European Commission to delay the implementation of the Insurance Distribution Directive (IDD). 18 October 2017
Insurance
While reinsurers are no longer obliged to have a branch or subsidiary on the other side of the Atlantic to be able to operate there after the implementation of the EU-US Covered Agreement, they are likely to keep the local units, according to ratings agency AM Best. 18 October 2017
Insurance
Broker Willis Towers Watson has appointed Neil Irwin as the new leader of the Central and Eastern Europe, Middle East, and Africa (CEEMEA) region. 16 October 2017
Insurance
Willis Towers Watson has named Gianmarco Tosti as the new country leader of Italy. 16 October 2017
Insurance
The political uncertainty created by events following Catalonia’s independence referendum has created volatility in Spanish insurers’ investment portfolios and raised concerns about future access to business, according to AM Best. 16 October 2017
Insurance
Weather risk management provider Meteo Protect has been named a coverholder at Lloyd’s. 16 October 2017
Insurance
Zurich said that it is selling its UK workplace pensions and savings business with assets under administration of more than £15 billion and around 500,000 customers to Lloyds banking group (LBG). 16 October 2017
Insurance
Lloyd’s has paid close to three quarters of a billion dollars ($738 million) in claims so far for Hurricanes Harvey, Irma and Maria, said Jon Hancock, performance management director at Lloyd’s. 16 October 2017
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