Articles

Insurance

NFIP expiration date looms; lapse risks disrupting US housing market

The National Flood Insurance Program (NFIP) will expire on March 23, 2018 for the third time this year if Congress fails to act and a lapse in the debt-ridden programme may disrupt the national housing market and leave countless homeowners in harm’s way if a severe storm strikes, stakeholder coalition SmarterSafer has warned.   16 March 2018

Insurance

Brit appoints head of UK property from Marsh

Specialty re/insurer Brit has appointed Marsh executive Neil Walker as head of UK property.   16 March 2018

Insurance

Davies Group reorganises business, shakes up management

Operations management, consulting and digital solutions provider Davies Group has made several senior executive promotions as it streamlines its business, creating three operating platforms across claims solutions, insurance services and customer solutions.   16 March 2018

Insurance

Prudential downgraded by S&P on demerger plan

S&P Global Ratings has downgraded UK-based multiline insurance group Prudential by one notch due to the company’s demerger plan while downgrading the UK operations by two notches.   16 March 2018

Insurance

Assurant expands product offering to include commercial property

Risk management service provider Assurant has expanded its SureDeposit product, an alternative to security deposits, to commercial property owners, management companies and their tenants.   16 March 2018

Insurance

Marsh joins B3i blockchain peer Ethereum

Insurance broker Marsh has joined the Enterprise Ethereum Alliance (EEA).   14 March 2018

Insurance

Insurance M&A speeds up driven by scale, geographic reach

The second half of 2017 showed an uptick in insurance M&A deals globally for the first time since 2015 and was followed by a number of high profile transactions in 2018.   12 March 2018

Insurance

Cigna reveals $67bn acquisition deal in the US

US health insurer Cigna Corporation has entered into a definitive agreement to acquire pharmacy benefit manager Express Scripts for a cash and stock transaction of approximately $67 billion, including about $15 billion in Express Scripts' debt.   8 March 2018

Insurance

Blockchain to deliver up to $50bn cost savings per year to re/insurance sector

Applying blockchain to the global re/insurance market could deliver operational cost savings of 10 percent to 25 percent or $20 billion to $50 billion each year, according to a report by blockchain solutions provider R3 and ChainThat.   7 March 2018

Insurance

AXA acquires XL Group in $15.3bn deal

French insurer AXA is acquiring Bermuda-based property/casualty commercial lines re/insurer XL Group for $15.3 billion (€12.4 billion) in cash.   5 March 2018

Not finding what you're looking for, please try resetting your applied search and filters,
or try the full site search.