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Insurance
There is a real opportunity to improve reinsurance processes with the use of blockchain technology, which can deliver cost savings and efficiency gains of 30 percent by taking out unnecessary reconciliation, repetitive duplication of work and waiting times. 11 September 2017
Insurance
Broker Aon has appointed Andrew Matson as leader of its newly formed global portfolio broking team within the reinsurance solutions business. 4 July 2018
Insurance
French insurer AXA has received $3.2 billion following the completion of its reorganisation transactions ahead of the planned initial public offering (IPO) of its US operations. 26 April 2018
Insurance
Insurers have received nearly 45,000 insurance claims totalling more than $11.79 billion in losses from the wildfires that burned across the state in October and December 2017, according to insurance commissioner Dave Jones. 1 February 2018
Insurance
American International Group (AIG) has rehired Mark Lyons as senior vice president and chief actuary, general insurance. 15 May 2018
Insurance
Private US property/casualty insurers saw catastrophe losses suppressing the industry's net income after taxes to $36.1 billion in 2017, a 15.8 percent decline from a year earlier, according to Verisk unit ISO. 15 May 2018
Insurance
Storm Friederike is expected to increase German property/casualty (P&C) insurers’ full-year 2018 combined ratio by 1 to 2 percentage points, according to Moody’s. 31 January 2018
Insurance
Bermuda-based Monument Re has acquired the full ownership of Aspecta Assurance International Luxembourg, a life insurance undertaking based in Luxembourg with branches in Germany, Italy and Spain, according to a Jan. 30 press release. 31 January 2018
Insurance
Aspen CEO Christopher O’Kane suggested that senior management will be allowed to stay as he is replaced with Brit chairman Mark Cloutier when Apollo takes control. 2 October 2018
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
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