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Insurance
American International Group (AIG) has appointed Tom Bolt as chief underwriting officer, general insurance. 5 December 2017
Insurance
Reinsurance broker JLT Re has appointed Desmond Bohan as senior vice president to focus on the expansion the company’s programme practice in North America. 5 December 2017
Insurance
Specialist insurer Hiscox has appointed Megan McConnell to the role of director of underwriting for Hiscox Re in London. 5 December 2017
Insurance
Global Atlantic Financial Group will reinsure around $9 billion of fixed annuities and other spread-based reserves following The Hartford's sale of Talcott Resolution. 5 December 2017
Insurance
The total estimated insured losses caused by hurricane Irma reached $6.29 billion in Florida as of Dec. 4, 2017, according to data from the Florida Office of Insurance Regulation. 5 December 2017
Insurance
The Hartford has entered into a definitive agreement to sell its run-off life and annuity businesses Talcott Resolution to a group of investors for a total value of around $3 billion. 4 December 2017
Insurance
US drugstore operator CVS Health agreed to buy health insurer Aetna for a total value of $77 billion as it plans to push down costs. 4 December 2017
Insurance
Spain-based Mapfre will pay out more than €1.1 billion to its clients in relation to the natural catastrophes occurred in the third quarter of 2017 and has announced a reorganisation of its international business and a reduction of its US presence. 4 December 2017
Insurance
Florida’s Citizens Property Insurance Corporation has closed nearly two-thirds of the 62,000 Irma-related claims but retains $6.4 billion in surplus as the hurricane season ends. 4 December 2017
Insurance
Insurer Alliant has hired Charlie Long for its energy and marine group, where he will provide targeted solutions to the company’s international client base. 4 December 2017
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