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Insurance
Broker Willis Towers Watson said on Oct. 26 that the European Commission (EC) in October 2017 initiated investigation proceedings in respect of a suspected infringement of EU competition rules involving several broking firms, including the company’s principal UK broking subsidiary and one of its parent entities. 27 October 2017
Insurance
Specialty insurer Markel said in its third-quarter 2017 results report that after the end of the reported period northern California sustained losses from several wildfires, which the company estimates to result in net incurred losses of between $40 million and $80 million before income taxes. 27 October 2017
Insurance
Specialist insurer Markel International has appointed Monica Novella as assistant cargo underwriter in its marine, energy and property business. 21 March 2017
Insurance
A single claims agreement party model has been launched aiming to simplify how claims within the London market are handled. 1 February 2018
Insurance
XL Catlin’s London-based insurance operations have introduced a contract continuity clause which addresses the risk that contracts written prior to Brexit may become impermissible assuming passporting rights are lost as a consequence of the UK leaving the EU. 19 March 2018
Insurance
Chubb 2018 results show “a very good year” despite higher catastrophe losses than expected, said Evan G. Greenberg, chairman and chief executive officer of the property and casualty insurance firm. 6 February 2019
Insurance
Canada-based Fairfax Financial Holdings said July 6 that it closed the acquisition of Switzerland-based Allied World Assurance Company Holdings. 6 July 2017
Insurance
XL Catlin's insurance operation has appointed Nancy Bewlay as global chief underwriting officer (CUO) of casualty with effect from April 17. 11 April 2017
Insurance
Swiss Re is acquiring 1.1 million life insurance policies from UK financial service provider Legal & General Group for £650 million. 6 December 2017
Insurance
Pioneer Underwriters, the underwriting group within Minova Insurance, has appointed Dan Watson as an underwriter in its engineering division. 5 June 2017
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