Articles
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
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
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
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
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
Against a backdrop of an exceptional growth rate and aggressive acquisition strategies, China is taking a more prominent role in a frantic period of re/insurance M&A activity. 6 March 2017
Insurance
Insurance Australia Group (IAG) has raised its full-year 2018 reported insurance margin guidance to 15.5-17.5 percent, on back of an increase in reserve release expectations to around 3 percent of net earned premium (NEP) and a first half 2018 (Sept.-March) favourable credit spread impact. 14 February 2018
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
Insurance
The chief executive of the London and International Insurance Brokers Association (LIIBA) has told insurance brokers that the key challenge facing them post-Brexit remains the uncertainty around the proposed models for brokers to maintain access to London for European risks. 1 November 2018
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