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Insurance
The reinsurance business is facing “revolutionary” changes through the introduction of new technologies such as blockchain, while the primary insurance market will receive a boost through the widespread use of digital personal assistants, Swiss Re CEO Christian Mumenthaler suggested at the 2017 Monte Carlo Rendez-Vous. 12 September 2017
News
Reinsurers’ 2017 profitability declined to the lowest level since 2005, when the industry was affected by hurricanes Katrina, Rita and Wilma, Moody’s said in an April 2 report. 3 April 2018
Insurance
Broker Willis Towers Watson has appointed Debby Moorman as health and benefits market leader in Georgia. 26 May 2017
Insurance
Pan-Asian life insurance group AIA said on Sept. 21 that it reached an agreement with the Commonwealth Bank of Australia to acquire CommInsure Life and Sovereign, CBA’s life insurance business in Australia and life and health insurance businesses in New Zealand. 21 September 2017
News
John Berger, the chairman and chief executive officer of Third Point Reinsurance, has stepped down from the position of CEO. 24 February 2017
Insurance
Bermuda-based specialty lines re/insurance provider AXIS Capital has said that its chief financial officer Joseph Henry will retire at the end of 2017 and that he will be replaced by AXIS Insurance chief operating officer Peter Vogt. 10 May 2017
Insurance
GDPR (General Data Protection Regulation) fines which can reach up to 4 percent of a group's annual global turnover are only insurable in Finland and Norway from a group of 30 reviewed jurisdictions, according to Aon and DLA Piper research. 16 May 2018
Insurance
ICAT Syndicate 4242 of Lloyd’s of London has issued its first catastrophe bond Buffalo Re Series 2017-1 that will offer indemnity reinsurance coverage for storms and earthquakes occurring in the US. 20 March 2017
Insurance
In its response to the Capital Markets Union (CMU) consultation, lobby group Insurance Europe has called on the European Commission to work on changes to the Solvency II framework. 20 March 2017
Insurance
Reinsurers’ underwriting performance declined in the first half of 2016 due to higher natural catastrophe losses – and the negative trend is set to continue into 2017, according to Fitch Ratings. 10 October 2016
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