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Hannover Re avoids P&C 2017 underwriting loss

Despite large natural catastrophe losses Hannover Re managed to post an underwriting profit for 2017 in its property/casualty (P&C) reinsurance operations.   13 March 2018

Insurance

Willis Towers Watson makes senior EMEA appointment

Willis Towers Watson has appointed Colin Forrest as regional leader for Europe, Middle East and Africa (EMEA) in the company’s Insurance Consulting and Technology business. He takes over from Frank Schepers who will step into a new role managing large client engagements.   7 January 2019

Insurance

US insurers brace for $3bn winter storm damage

A series of winter storms in the US have caused a total combined economic damage of around $3 billion, according to Aon Benfield estimates.   5 April 2018

Insurance

UIB launches Colombian retail broker operation; appoints CEO

Re/insurance broker UIB has launched a retail broking business in Colombia to be headed by Yolanda Guerra as chief executive officer.   5 April 2018

Insurance

HDI to launch A&H offering in the UK with Sompo hire

German industrial lines insurer HDI Global has unveiled plans to launch a new accident & health (A&H) department for the UK and Ireland.   5 February 2018

Insurance

Hiscox partners with AI startup Eigen to automate processes

Specialist insurer Hiscox has partnered with London-based artificial intelligence (AI) startup Eigen Technologies to automate multiple internal processes at the firm by launching two pilots.   9 August 2018

Insurance

IGI taps Novae underwriter for energy expansion

Specialist commercial re/insurer International General Insurance Holdings (IGI) has strengthened its energy offering with the appointment of James Green as senior underwriter for downstream energy.   9 August 2018

Insurance

S&P upgrades Berkshire insurance units outlook

S&P Global Ratings has changed the outlook to stable from negative for Berkshire Hathaway's (BRK's) operating insurance subsidiaries, National Indemnity, Government Employees Insurance, General Reinsurance, and other related insurance subsidiaries due to a more robust capital base.   27 September 2018

Insurance

Aegon sells remaining US life reinsurance business to SCOR

Dutch insurance group Aegon has agreed to divest the last substantial block of its life reinsurance business to SCOR Global Life.   8 August 2018

Insurance

AIG partners with IBM in blockchain venture

Insurance giant American International Group (AIG) has partnered with technology firm IBM to develop a "smart" insurance policy that uses blockchain to manage complex international coverage, Reuters reported on June 14.   15 June 2017

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