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A US law firm has agreed a $1 billion settlement with PG&E following losses from the 2015 Butte Fire, 2017 North Bay Fires, and 2018 Camp Fire. 20 June 2019
Insurance
Victor Insurance Holdings, the Marsh and McLennan Companies-owned managing general underwriter, has appointed Brian Hanuschak as new president of North America. 20 June 2019
Insurance
American International Group (AIG) has appointed Michael O’Malley as global chief procurement officer. 20 June 2019
Insurance
American International Group has consolidated its assumed reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty, to form one global business, called AIG Re. 20 June 2019
Insurance
Re/insurance broker Aon has formed a strategic alliance with insurtech firm Hi Marley to improve insurers’ customer engagement through an artificial intelligence-enabled messaging solution. 19 June 2019
Insurance
The US government’s current Terrorism Risk Insurance Act (TRIA) must be reauthorised this year, even though the programme expires at the end of 2020, the American Property Casualty Insurance Association (APCIA) has warned. 19 June 2019
Insurance
Ken Randall will no longer serve as the group chief executive officer (CEO) of Randall & Quilter Investment Holdings (R&Q), and will hand over the reins to Alan Quilter, who co-founded the business with him in 1991. 19 June 2019
News
Insurtechs have significantly improved the awareness and adoption of technology, although enablers have seen far greater success than the disruptors in the traditionally slow-moving insurance industry. 19 June 2019
Insurance
AXA XL, the property & casualty and specialty risk division of AXA, has named AIG's Robert Klepper as chief underwriting officer (CUO) of short-tail insurance lines. 19 June 2019
Insurance
Property/casualty insurer WR Berkley Corporation has appointed Daniel Spragg as president of Berkley Select, the company’s professional liability insurance unit. 19 June 2019
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