Articles
Insurance
California’s insurance commissioner Dave Jones has approved three more insurance carriers to offer coverage for the cannabis industry in the US state. 3 August 2018
Insurance
Arch Capital Group CEO Marc Grandisson sees mortgage insurance producing “outstanding” results while conditions in the reinsurance business are only improving “modestly”. 2 August 2018
Insurance
CNO Financial Group’s wholly-owned subsidiary, Bankers Life and Casualty Company has entered into an agreement with Wilton Reassurance Company (Wilton Re) to cede all of its legacy (prior to 2003) comprehensive and nursing home long-term care policies (with statutory reserves of approximately $2.7 billion) through 100 percent indemnity coinsurance. 2 August 2018
Insurance
Willis Towers Watson (WTW) has reported a 3 percent year on year growth in organic revenue in the second quarter of 2018, excluding the effect of a new accounting standard. 2 August 2018
Insurance
Bermuda-based insurance group Enstar reported a sharp drop in net earnings for the second quarter of 2018 as expenses weighed on the firm’s performance while income declined. 2 August 2018
Insurance
French insurer AXA and XL Group have reduced potential catastrophe impacts by around 40 percent relative to 2017 ahead of the merger of the two entities, according to AXA’s first half 2018 earnings presentation. 2 August 2018
Insurance
American International Group (AIG) has appointed David McElroy as CEO of its surplus lines insurer Lexington Insurance Company. 2 August 2018
Insurance
Bermuda-based Aspen Insurance Holdings has reported a loss in the second quarter of 2018 due to the impact of investments and foreign exchange. 2 August 2018
Insurance
Bermuda-based Everest Re CEO Dominic (Dom) Addesso has explained how the reinsurer miscalculated the cat losses from 2018 which made the company issue a profit warning for its second quarter 2018 results. 1 August 2018
Insurance
American International Group (AIG) is selling 19.9 percent of its legacy portfolio DSA Re to private equity firm The Carlyle Group. 1 August 2018
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