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Insurance
French reinsurer CCR Group has doubled the cost of insured losses to €2.04 billion in 2017 compared to €1.10 billion in 2016. 12 April 2018
Insurance
Marsh & McLennan Companies’ unit Jelf reached an agreement to acquire Scotland’s largest independent insurance broker Clark Thomson. 12 April 2018
Insurance
The EU Commission that it intends to grant consumers the right to form collective group actions across the European Union in a move that could have a major impact on the insurance sector. 12 April 2018
Insurance
Sompo CEO Global Risk Solutions Michael Chang, who was a Chubb employee from 1996 until 2016, is suing his former employer over $600,000 related to vested deferred stock awards, according to a court document filed at the US District Court for the District of New Jersey on April 11, 2018. 12 April 2018
Insurance
The three leading global credit insurers Atradius, Coface and Euler Hermes currently benefit from a supportive economic environment that is limiting corporate insolvencies, according to Moody’s. 12 April 2018
Insurance
Volante Global, a new multi-class and multi-territory international managing general agent (MGA) platform, has appointed Jerry Probert as underwriting and franchise director. 12 April 2018
Insurance
Everest Re expects to incur $100 million of estimated catastrophe losses, net of reinsurance recoverables and reinstatement premiums, in the first quarter of 2018, as industry loss estimates for both the Northern and Southern California wildfire events have risen dramatically since the first estimates, according to the company. 12 April 2018
Insurance
Lloyd's third-party managing agent Asta has appointed Laura McMaster as deputy chief actuary, reporting to chief actuary Richard Barke. 12 April 2018
Insurance
Insurtech Socotra has partnered with Berlin-based digital insurance startup Coya to build “advanced and differentiated insurance offerings”. 12 April 2018
Insurance
Allianz X, the digital investment unit of the Allianz Group, has invested $35 million in Southeast Asian mobile platform GO-JEK to become its sole international insurance shareholder. 11 April 2018
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