Articles

Insurance

AXIS Capital committed to aviation expansion despite tough market conditions

AXIS Capital has decided to acquire aviation re/insurer Aviabel, underscoring its long-term commitment to the aviation market despite significant pricing pressure.   30 November 2016

Insurance

Aegon appoints ex-ING senior exec as CFO

Netherland-based insurance group Aegon has appointed Matthew Rider as the chief financial officer (CFO) and member of the executive board at its annual general shareholder meeting.   29 November 2016

Insurance

AXIS Capital to acquire aviation re/insurer Aviabel

AXIS Capital has entered into an agreement to acquire aviation re/insurer Aviabel, in order to help expand its footprint in the global aviation market.   29 November 2016

Insurance

European insurers modify products to cope with lower rates

European insurers are modifying their product structures to take account of lower rate expectations, according to a report from S&P Global Ratings.   28 November 2016

Insurance

Improved earnings lead to Deutsche Rück ratings outlook upgrade

S&P Global Ratings has revised its outlook on Deutsche Rueckversicherung Group from negative to stable. Furthermore, the ratings agency has affirmed Deutsche Rück’s long-term insurer financial strength to ‘A+’.   28 November 2016

Insurance

Pen Underwriting bolsters Midlands business with Chubb hire

Pen Underwriting, a subsidiary of insurance broker Arthur J Gallagher, has appointed James Palmer as senior underwriter to strengthen its regional brokers in getting and retaining new business.   28 November 2016

Insurance

Generali partners with Microsoft to introduce digital products, blockchain-based contracts

The Generali Group has entered into a partnership with Microsoft to introduce digital-focused insurance products and business models amongst others through building blockchain-based smart contracts.   25 November 2016

Insurance

Insurers urge UK to use Brexit leeway for Solvency II but face sceptical regulator

While insurers are suggesting that the UK should make use of the leeway achieved through Brexit to adapt Solvency II rules to the needs of the domestic market, the regulator warns that global standards are important to the industry.   24 November 2016

News

FCA CEO Andrew Bailey illustrates big data limits for insurers

The increasing use of big data in the insurance industry requires a framework which clarifies the limits, according to UK’s regulator Financial Conduct Authority.   24 November 2016

Insurance

UK government’s plans to raise IPT creates backlash in insurance sector

The UK government’s recent proposal to raise insurance premium tax (IPT) from 10 percent to 12 percent, as laid out in its Autumn Statement, has created a backlash within the insurance sector.   24 November 2016

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