Articles

Insurance

AXIS appoints Deutsche Bank innovation head to its board

Bermuda-based AXIS Capital Holdings has bolstered its board of directors with the appointment of a senior executive from Deutsche Bank.   24 October 2018

Insurance

Industry has a duty to absorb cyber threat: Munich Re

Re/insurers must make it their priority to better understand cyber risk and absorb more of this liability—serving a vital role for society and generating growth for the industry in the process, Doris Höpke, member of Munich Re’s board of management, told Baden-Baden Today.   24 October 2018

Insurance

Liberty Mutual places Lloyd's carrier Pembroke under "strategic review"

Property/casualty insurer Liberty Mutual Insurance is undertaking a strategic review of its London-based Pembroke Managing Agency, which came into its portfolio when it acquired lronshore in May 2017.   23 October 2018

Insurance

Brown & Brown acquires US broker Hays Companies

Broker Brown & Brown is acquiring the insurance operations of Minneapolis-based Hays Companies, a brokerage firm that operates across 21 US states.   23 October 2018

Insurance

Arch Insurance unveils new structure, key leadership changes

Bermuda-based re/insurer Arch Capital has unveiled key leadership changes while creating a new organisational structure dedicated to specific lines of business.   22 October 2018

Insurance

Allstate estimates $177m cat losses in September

US personal lines insurer Allstate Corporation has estimated catastrophe losses for the month of September 2018 at $177 million, pre-tax ($140 million after-tax).   22 October 2018

Insurance

AIG needs to regain investor confidence after cat losses: Morgan Stanley

Following multiple quarters of missed earnings, American International Group’s (AIG’s) large third quarter cat losses will further weigh on investor sentiment, Morgan Stanley said in a note.   20 October 2018

Insurance

AIG expects up to $1.7bn cat loss for Q3

American International Group (AIG) expects to report third quarter 2018 pre-tax catastrophe losses, net of reinsurance, of approximately $1.5 to $1.7 billion.   19 October 2018

Insurance

Insurtech OnRisk partners with MGA startup on P&C structuring platform

London-based managing general agent (MGA) startup Agile Risk Partners and US-based insurtech OnRisk are collaborating to develop an advanced, CAD-style platform for underwriting, structuring and distributing high-value P&C risk.   19 October 2018

Insurance

Everest Re expects $240m Q3 cat loss

Bermuda-based Everest Re Group estimates pre-tax catastrophe losses for the third quarter of 2018 of $240 million, net of reinsurance.   19 October 2018

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