Articles
Insurance
The insurance joint venture of Aviva, Chinese investment company Hillhouse Capital Management and tech firm Tencent Holdings is expected to start operating under its new corporate structure during the first half of 2018. 14 February 2018
Insurance
The number of securities class action lawsuits has more than doubled in the past four years, but according to insurer Chubb, the beneficiaries of the payouts are not “harmed investors” but instead its lawyers bringing cases of “dubious merit”. 11 June 2019
Insurance
US specialty insurer RLI Corporation was impacted by a $5.5 million net decrease to underwriting income in the second quarter due to volcanic activity in Hawaii, and chief operating officer Craig Kliethermes explained during the results conference call that there is no reinsurance cover available for such catastrophe events. 23 July 2018
Insurance
Specialist broker Alesco Risk Management Services has hired Willis' Martin Hiller as chairman of its UK construction team. 23 April 2018
Insurance
‘AXA XL incurred an above average level of natural catastrophe claims in the third quarter and early into the fourth quarter, mostly from reinsurance’. 7 November 2019
News
Japanese conglomerate Softbank Group continues to hunt for ways to accelerate the digital upheaval in the insurance industry, including tie-ups with unspecified reinsurance players, said David Thevenon, dealmaker of the company’s Vision Fund, according to a Reuters Oct. 16 report. 18 October 2018
Insurance
Fairfax Insurance Holdings, the re/insurance conglomerate which includes OdysseyRe, Allied World and Brit, posted stellar growth and big profits in the first quarter of 2018 though its growth was largely due to premiums from Allied World, which it acquired in July last year, being added for the first time. 4 May 2018
Insurance
Randall & Quilter Investment Holdings (R&Q) has revealed its first transaction with a self-insurer in California, and a captive reinsurance transaction for a large US corporate airline. 11 June 2018
Insurance
Paul Jardine, previously Catlin’s chief operating officer and now responsible for XL Group’s communications & marketing function, claims and distribution strategy, is the favourite candidate for Inga Beale’s successor as CEO of Lloyd’s of London, according to a survey by Intelligent Insurer. 6 July 2018
Insurance
Powerful thunderstorms led to extensive damage across parts of the Central and Eastern United States from June 29 to July 4, causing economic and insured losses expected to well exceed $100 million, according to Aon’s Weekly Cat Report. 6 July 2018
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