Articles
Insurance
US-based insurtech Compare.com, an online car insurance comparison platform, has raised $35 million to help fuel its expansion and brand development. 2 November 2018
Insurance
American International Group’s (AIG) chief executive Brian Duperreault said the company is working with a “sense of urgency” and “taking decisive actions across the company” as the business posted another big loss in its third quarter results. 1 November 2018
Insurance
Arch Capital Group enjoyed solid growth and a return to profitability in the third quarter of 2018 as it managed to avoid the catastrophe losses that have hit the results of some of its peers. 1 November 2018
Insurance
Lancashire Holdings posted what it called a “disappointing loss” in the third quarter of 2018 as it absorbed the effects of another busy period in terms of catastrophe losses; its book also shrank significantly mainly because of reinstatement premiums and the timing of some large multi-year deals. 1 November 2018
Insurance
Re/insurer AXA XL and US-based insurtech Slice Labs, which offers cloud-based on-demand insurance, have launched a new cyber insurance policy specifically designed for small and midsize businesses (SMBs). 1 November 2018
Insurance
Bermuda-based RenaissanceRe Holdings has agreed to acquire its competitor Tokio Millennium Re (TMR) for approximately $1.5 billion from its parent company Tokio Marine Holdings. 31 October 2018
Insurance
Natural catastrophes have impacted Bermuda-based RenaissanceRe Holdings’ (RenRe) profits in the third quarter of 2018 while the company revealed that it is acquiring Tokio Millennium Re (TMR) for approximately $1.5 billion. 31 October 2018
Insurance
Markel Corporation has returned to profit in the third quarter of 2018 despite having experienced significant catastrophe losses during the period. 31 October 2018
News
Challenging market conditions and a renewed focus on building its primary insurance business have resulted in Tokio Marine Holdings taking the decision to divest its reinsurance operations in a $1.5 billion sale to specialist Bermuda reinsurer RenaissanceRe Holdings, which is scaling up its business. 31 October 2018
Insurance
Asia Capital Reinsurance Group (Asia Capital Re), a wholly owned subsidiary of ACR Capital Holdings, has bolstered its underwriting and management team while filling certain leadership positions for its treaty, facultative and specialty business. 30 October 2018
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