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Insurance
London cab drivers lose cover after Alpha bankruptcy
Thousands of London taxi and minicab drivers received a text message telling them their insurance had been cancelled, BBC News reported on May 9.   9 May 2018
Insurance
Prudential signs £900m reinsurance deal with PIC
Prudential Financial unit Prudential Retirement has struck a longevity reinsurance agreement with Pension Insurance Corporation.   9 May 2018
Insurance
Aon CEO sees cyber losses more than double
Aon CEO Gregory Case expects new regulation to more than double reported cyber losses.   9 May 2018
Insurance
Zurich grows P&C in Asia Pacific, Latin America in Q1
Zurich Insurance Group has seen growth in its property/casualty (P&C) business in Latin America and Asia Pacific, but this expansion was offset by actions focusing on profitability in North America.   9 May 2018
Insurance
Zurich finalises reinsurance deal with ANZ
Australia and New Zealand Banking Group (ANZ) has finalised a reinsurance arrangement with Zurich and has received around $1 billion of reinsurance proceeds.   8 May 2018
Insurance
Tokio Marine gets green light for Europe unit; appoints CEO
The new European subsidiary of specialist insurance group Tokio Marine is expected to begin operation from the second half of 2018 as it received regulatory approvals and appointed a new chief executive officer.   8 May 2018
Insurance
Allianz leads $24m investment in German insurtech Simplesurance
German insurer Allianz has led the latest fundraising round of Berlin-based insurtech startup Simplesurance, alongside other investors such as Rheingau Founders and Rakuten Capital.   8 May 2018
Insurance
Low major losses boost Munich Re Q1 results
Munich Re has benefitted from low major losses in the first quarter of 2018, lifting its net profit to €827 million from €557 million in the first quarter of 2017.   8 May 2018
Insurance
Hannover Re grows 18% in Q1
Hannover Re has boosted gross premium by 17.6 percent year on year to €5.3 billion, an increase of 27.5 percent adjusted for exchange rate effects.   8 May 2018
Insurance
Sompo advances European expansion with Luxembourg unit
Bermuda-based property and casualty re/insurer Sompo International Holdings (SIH) has completed the integration of Sompo Japan Nipponkoa Insurance Company of Europe (SJNKE) on May 1 with SJNKE becoming a wholly-owned subsidiary of SIH.   8 May 2018

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