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Insurance
American International Group (AIG) is acquiring Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re. 20 June 2018
Insurance
Property/casualty (P&C) CEO bonus payments increased to 393 percent of salary in 2017 from 225 percent of salary in 2016, according to a study by consulting firm Compensation Advisory Partners (CAP). 20 June 2018
Insurance
Liberty Mutual has appointed Shaun Kelly as president of distribution for Global Risk Solutions (GRS) operating unit and Matthew Dolan as president of North America specialty. 20 June 2018
Insurance
Lincoln Financial Group has introduced online chat capabilities called ‘Ask Abe’ that are able to help customers with instructions for completing common, simple transactions such as changing a beneficiary or obtaining a copy of a policy. 20 June 2018
Insurance
Insurtech start-up Fabric has secured a $10 million Series A investment from RGAx, the innovation and digital business unit of Reinsurance Group of America, Bessemer Venture Partners and Silicon Valley Bank, which provided a credit facility. 19 June 2018
Insurance
Texas Security General Insurance Agency, a subsidiary of insurance broker Brown & Brown, has acquired Texas Commercial Insurance Facilities (TCIF) and Arkansas Insurance Facilities (AIF) from Loving and Etheredge. 19 June 2018
Insurance
Run-off specialist Enstar Group is pondering a sale of Atrium Underwriting, which writes business through Lloyd’s syndicate 209, and StarStone Insurance, its speciality insurance unit with a global presence. 19 June 2018
Insurance
Barbican Insurance Group has appointed Lauren Webb as a class underwriter for cyber within Lloyd’s Syndicate 1955. She joins from property/casualty insurer Chubb. 19 June 2018
Insurance
Re/insurer XL Catlin has entered into an underwriting agreement with a new insurtech-focused programme administrator Bamboo Insurance to provide property insurance in California. 19 June 2018
Insurance
Crawford & Company, a provider of claims management solutions, has sold its legal administrative services unit Garden City Group (GCG) to legal services company Epiq. 19 June 2018
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