Articles
Insurance
Rating agency Moody's has revised its outlook of Bermuda-based AXIS Capital Holdings and its operating subsidiaries to negative from stable, reflecting the re/insurer's lower capitalisation and higher operating and financial leverage relative to peers. 4 April 2019
Insurance
Insurtech-focused venture capital firm IA Capital Group has raised $150 million across its three funds focusing on property/casualty, life/annuity/retirement, and later-stage fintech opportunities. 3 April 2019
Insurance
Marsh & McLennan Agency (MMA), the middle market agency subsidiary of broker Marsh, has entered a new market with the acquisition of Arizona-based Lovitt & Touché, one of the state’s largest independent insurance agencies. 3 April 2019
Insurance
Specialty insurance group Tokio Marine HCC has acquired 100 percent of NAS Insurance Services, a US-based cyber and professional liability specialist. 2 April 2019
Insurance
Munich Reinsurance America (Munich Re US) has launched a new personal lines homesharing insurance product for hosts who rent their homes out for a profit in the US. 2 April 2019
Insurance
Bermuda-based Monument Re is to acquire a €140 million portfolio of Irish annuities from insurer Rothesay Life. 2 April 2019
Alternative Risk Transfer
Re/insurer AXA XL has revealed that Chris McKeown, the former CEO of New Ocean Capital Management, has stepped down from his role as vice chairman to pursue other interests outside the company. 2 April 2019
Insurance
American International Group (AIG) has appointed Rich Baich as senior vice president, chief information security officer. 2 April 2019
Insurance
US-based property/casualty insurer The Hartford has launched a new directly-managed network of insurance partners, backed by a global technology platform, to enhance its multinational capabilities. 29 March 2019
Insurance
As US aircraft manufacturer Boeing announced software upgrades to its 737 Max planes, it remained unclear how far this fix could mitigate the potential losses for the global insurance industry. 28 March 2019
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