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Insurance
French insurer AXA has priced its offering of $750 million of bonds mandatorily exchangeable for a number of shares of common stock of its US subsidiary AXA Equitable Holdings (AEH). 10 May 2018
Insurance
State Auto Labs Corp., the innovation arm of the State Automobile Mutual Insurance Company, has launched a $25 million corporate venture fund to support entrepreneurs and innovations in the insurance industry. 27 September 2017
Insurance
Bermuda-based specialty re/insurer Aspen is expecting significant rate increases of up to 20 percent in some business areas. 20 November 2017
Insurance
A wide swath of rating movements for North American property/casualty (P/C) insurers due to capital pressure is unlikely, S&P Global Ratings has surmised having completed a stress test on the sector. 10 January 2018
Insurance
The overall profitability for AM Best's composite of global reinsurers could drop to a six-year low, and the ratings agency estimates a 2017 combined ratio of 110 percent for the sector, with return on equity (RoE) ranging from 0 percent to -5 percent. 16 November 2017
Insurance
AIG UK said on Oct. 19 that it has underwritten the first Shariah-compliant warranty and indemnity (W&I) insurance policy issued in the London M&A insurance market. 19 October 2017
Insurance
US commercial insurer CNA has appointed Mark James as senior vice president (SVP) global reinsurance, responsible for the firm's reinsurance strategies and purchasing around the globe. 12 April 2018
Insurance
Bermuda-based re/insurer Aspen Group has appointed Tim Aman as its new group chief risk officer. 25 May 2017
Insurance
Re/insurance broker Ed said on Sept. 19 that it appointed Minesh Jani as chief executive of Middle East and North Africa (MENA), India and Indian sub-continent. 19 September 2017
Insurance
Insured losses from Hurricane Michael will be close to $8 billion, according to catastrophe modelling agency Karen Clark & Company (KCC). 12 October 2018
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