Articles

Insurance

Joint Hull Committee appoints AXA's Newton as new chairman

London-based Joint Hull Committee (JHC) has appointed Paul Newton as its new chairman, succeeding Peter Townsend, who stepped down in June.   22 August 2018

Insurance

Chubb overtakes AIG in US cyber insurance ranking

Chubb has surpassed American International Group (AIG) to become the largest cyber underwriter in the US, according to data by AM Best.   21 August 2018

Insurance

Chinese insurtech ZhongAn gets SoftBank backing to go international

ZhongAn International, a subsidiary of China's first internet-based insurer ZhongAn Online P&C Insurance, has received a strategic investment from the Japanese investor SoftBank Vision Fund.   21 August 2018

Insurance

AFL replaces CFO with Towergate hire in growth move

Independent Lloyd’s broker AFL Insurance Brokers has replaced its current chief financial officer (CFO) Keely Dalfen with a new hire from Towergate.   21 August 2018

Insurance

Cincinnati insurance chief to step down; prompts leadership reshuffle

Jacob Scherer, Jr., chief insurance officer and executive vice president of property/casualty insurance group The Cincinnati Insurance Company, is to retire in August 2019.   21 August 2018

Insurance

XL Catlin appoints North America global risk leader from AIG

Re/insurer XL Catlin has appointed Chris Kopser to lead its global risk management insurance North America division as president.   21 August 2018

Insurance

Cyber stress test reveals potential insured losses

A modeled single-event cyber catastrophe would generate “meaningful to significant” gross losses for three of the top 20 cyber insurance providers, ranging from 15 percent to 119 percent of these companies’ estimated 2022 policyholder surplus under a stress-test scenario, according to AM Best.   21 August 2018

Insurance

Western Japan floods trigger up to $4bn claims

Industry insured losses from the flooding in western Japan caused by excessive rainfall from June 28 to July 8, 2018, will be between ¥284 billion ($2.6 billion) and ¥423 billion ($4.0 billion), according to catastrophe modelling firm AIR Worldwide.   21 August 2018

Insurance

Bain offers £1.2bn to take esure private

UK-based personal lines insurer esure has received £1.2 billion acquisition offer from private equity firm Bain Capital in a deal that would take esure private.   14 August 2018

Insurance

Insurers face trouble from Monsanto glyphosate ruling

Monsanto has been ordered to pay $289 million damages to a man who claimed herbicides containing glyphosate had caused his cancer in a court ruling that sets worrying precedent for insurers, according to law firm Clyde & Co.   14 August 2018

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