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Insurance
VIG CFO resigns, successor named
Vienna Insurance Group (VIG) said on June 26 that chief financial officer (CFO) Martin Simhandl is resigning for personal reasons.   27 June 2017
Insurance
Chubb wraps up European integration
Property/casualty insurer Chubb has completed the integration of its key operating companies in Europe. The announcement follows the acquisition of Chubb Corporation by ACE in January 2016, creating a global insurance firm operating in 54 countries.   4 May 2017
Insurance
Positive reserve development helps RSA absorb £40m Ogden hit
UK insurer RSA incurred a net charge of around £40 million in the UK relating to the change in Ogden discount rate but was able to more than offset it through positive reserve development elsewhere in the group, the company said in its 2017 Q1 trading update.   4 May 2017
Insurance
AXA acquires XL Group in $15.3bn deal
French insurer AXA is acquiring Bermuda-based property/casualty commercial lines re/insurer XL Group for $15.3 billion (€12.4 billion) in cash.   5 March 2018
Insurance
AIG wraps-up Japan life business sale to FWD Group
American International Group (AIG) has completed the sale of its Japan life insurance business, AIG Fuji Life Insurance (AFLI), to FWD Group, the insurance segment of Pacific Century Group.   2 May 2017
Insurance
Lancashire hit by another busy period for cat losses
Lancashire Holdings posted what it called a “disappointing loss” in the third quarter of 2018 as it absorbed the effects of another busy period in terms of catastrophe losses; its book also shrank significantly mainly because of reinstatement premiums and the timing of some large multi-year deals.   1 November 2018
Insurance
Outfoxing competitors for growth
The China market holds great growth opportunities for insurers and reinsurers but it is also competitive and full of challenges, says Eunice Tan of S&P Global Ratings.   30 October 2018
Insurance
New alliance to drive blockchain use in insurance broker market
Blockchain technology company Bitfury Group and risk and insurance advisory firm Risk Cooperative have entered into a strategic partnership to drive blockchain applications in the $60 billion insurance intermediation market.   19 June 2017
Insurance
Beazley taps XL Catlin and Zurich execs for specialist lines
Specialist insurer Beazley has expanded its international specialty lines team with the appointment of Estefania Taboada and Ana Misol as financial lines underwriters in Barcelona.   27 October 2017
Insurance
Greenberg’s Aquiline commits $500m to form new reinsurer
Armour, a P&C run-off insurance business, has raised some $500 million in equity commitments in partnership with an investor group led by Aquiline Capital Partners, a New York-based private equity firm. It will form a new reinsurer with the money.   4 January 2018

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