Articles
Insurance
Australia-based insurer QBE is implementing measures targeting more than A$200 million ($144 million) in gross cost savings by 2021. 11 December 2018
Insurance
The shareholders of Bermuda-based Aspen Insurance Holdings have approved the $2.6 billion Aspen acquisition offer by alternative investment manager Apollo. 11 December 2018
Insurance
Australia-based QBE has reduced catastrophe retention and increased protection against catastrophe severity in its 2019 reinsurance programme. 11 December 2018
Insurance
Bermuda specialty re/insurer Sompo International Holdings is expanding its cyber insurance capabilities in the US by creating a dedicated US team focused on cyber offerings, an enhanced cyber and professional liability product, and an expanded suite of cyber risk management services. 11 December 2018
Insurance
US-based artificial intelligence (AI) startup Zesty.ai has secured a $13 million investment in its Series A financing round, led by Luxembourg-based private investment fund Blamar. 10 December 2018
Insurance
Commercial insurance prices in the US increased by over 2 percent year on year in the third quarter of 2018, according to Willis Towers Watson’s Commercial Lines Insurance Pricing Survey. 10 December 2018
Alternative Risk Transfer
Markel CATCo Investment Management plans to increase the specific loss reserves held by the company related to the 2017 loss events namely hurricanes Harvey, Irma, Maria (HIM) and the California wildfires that year. 10 December 2018
Insurance
American International Group's (AIG's) chief data officer Leandro DalleMule has joined insurtech startup Planck Resolution as general manager, North America. 10 December 2018
Alternative Risk Transfer
Markel Corporation has confirmed that it is fully cooperating with inquiries by US and Bermuda authorities into loss reserves recorded in late 2017 and early 2018 at Markel CATCo Investment Management and its subsidiaries. 7 December 2018
Insurance
AM Best has removed from “under review with developing implications” and upgraded the credit ratings of XL Group. 7 December 2018
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