Articles
Insurance
Independent Lloyd's broker AFL has further expanded its wholesale property team with the appointment of re/insurance executives from JLT Re and Alston Gayler. 14 February 2018
Insurance
Argo Group posted strong growth in the first quarter of 2018 driven by its liability, professional and speciality lines in both its US and international books of business. Its profits dipped slighted because of higher expenses and changes in the value of its equity securities. 4 May 2018
Insurance
French insurance group AXA is acquiring the remaining 50 percent stake in AXA Tianping Property & Casualty Insurance Company that it does not already own, for a total consideration of ¥4.6 billion (€584 million). 27 November 2018
Alternative Risk Transfer
The African Risk Capacity (ARC) agency has launched the first ever African catastrophe insurance pool. The deal is underpinned by $55 million of index-based reinsurance capacity from the international weather risk markets secured by Willis. 15 May 2014
News
A report by Willis suggested higher rates on catastrophe business could trigger cedants to explore alterative options. Will a lack of capacity in the retro market drive demand for industry loss warranties? Intelligent Insurer investigates. 5 April 2012
Insurance
Liverpool Victoria (LV=) General Insurance (GI), the UK’s third largest car insurer has appointed Kieran O’Keeffe as chief risk officer with immediate effect. 23 March 2018
Insurance
Munich Reinsurance America (Munich Re) has launched a new US commercial inland flood coverage to help protect small businesses and habitational properties in low to moderate flood zones. 25 July 2018
Insurance
CNO Financial Group’s wholly-owned subsidiary, Bankers Life and Casualty Company has entered into an agreement with Wilton Reassurance Company (Wilton Re) to cede all of its legacy (prior to 2003) comprehensive and nursing home long-term care policies (with statutory reserves of approximately $2.7 billion) through 100 percent indemnity coinsurance. 2 August 2018
Insurance
Personal lines insurer The Allstate Corporation reported net income applicable to common shareholders of $637 million for the third quarter of 2017, up 29.7 percent compared to the same period of 2016. 2 November 2017
Insurance
Man-made risks such as cyber-crime, interstate conflicts or market crashes put an estimated $320.1 billion of global GDP ad risk on average each year, according to Lloyd's City Risk Index. 11 June 2018
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