Articles

Insurance

Universal renews 2019 reinsurance programme with extra $134m limit

Universal Property & Casualty Insurance Company (UPCIC) has expanded the top of its reinsurance tower for a single Florida event to $3.28 billion (an increase of $134 million) as part of Universal Insurance Holdings’ 2019-2020 reinsurance programmes, effective June 1, 2019.   3 June 2019

Insurance

Aegon sells remaining US life reinsurance business to SCOR

Dutch insurance group Aegon has agreed to divest the last substantial block of its life reinsurance business to SCOR Global Life.   8 August 2018

Insurance

Zurich takes lead on UN climate goals; commits to 100% renewable energy by 2022

Zurich has become the first major global insurer to align with United Nation's climate change goals by committing to using 100 percent renewable energy in all global operations by the end of 2022, and to stop writing certain thermal coal and oil sands risks.   26 June 2019

Insurance

Marsh launches Japanese aircraft finance insurance consortium with Sompo

Broker Marsh has developed a Japanese aircraft finance insurance consortium (AFIC) in collaboration with Sompo Japan Nipponkoa Insurance and Sompo International.   26 June 2019

Insurance

AI insurtech Betterview partners with Synpulse to improve P&C underwriting cycle

California-based artificial intelligence (AI) start-up Betterview, an insurtech platform provider for property transactions, has partnered with Zurich-based Synpulse to improve the property and casualty (P&C) underwriting process for insurers.   20 September 2019

Insurance

Chubb ups stake in Beijing-based insurance group

Chinese regulators approve purchase that will raise Chubb’s share to 46 percent.   25 November 2019

Insurance

Insurtech Omniscience recruits VP engineering and VP of product

New VP engineering joins from Oracle Corporation   25 November 2019

Insurance

Zurich makes $0.4bn Adira acquisition, becomes largest foreign P&C insurer in Indonesia

Zurich Insurance Group is acquiring 80 percent of PT Asuransi Adira Dinamika (Adira Insurance), a property and casualty (P&C) insurer in Indonesia, from PT Bank Danamon Indonesia and a minority investor.   27 September 2018

Insurance

Insurance Council of Australia adds Zurich, Allianz execs to board

The Insurance Council of Australia (ICA) has strengthened its board with the appointment of two new directors.   3 May 2019

Insurance

Samsung acquires 'strategic stake' in Lloyd's insurer Canopius

Specialty re/insurer Canopius has signed an agreement with Korea's Samsung Fire & Marine Insurance (SFMI) that will see SFMI become a significant minority investor in the company.   3 May 2019

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