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Insurance
Shareholders representing 39 percent of the equity have voted against the continuation of the Blue Capital Alternative Income Fund at the annual general meeting and the company’s board is recommending an orderly run-off of the company. 11 May 2018
Insurance
US stand-alone and package cyber premiums combined grew by 54 percent year on year to $2.1 billion in 2017 while the direct loss ratio for standalone cyber insurance declined, according to Fitch Ratings. 10 May 2018
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
American International Group (AIG) had a disappointing start to 2018 as results missed expectations and caused the share price to dive, but CEO Brian Duperreault promised during the May 3 first quarter 2018 results call that the company is on track to address the issues in general insurance and deliver double-digit return on equity (ROE). 9 May 2018
Insurance
Berkshire Hathaway has reduced net earned premium in its re/insurance operations by 38.5 percent year on year to $13.37 billion in the first quarter of 2018 driven by the Berkshire Hathaway Reinsurance Group unit, according to KBW research. 8 May 2018
Insurance
The new European subsidiary of specialist insurance group Tokio Marine is expected to begin operation from the second half of 2018 as it received regulatory approvals and appointed a new chief executive officer. 8 May 2018
Insurance
Specialist re/insurance broker BMS Group has appointed Andrew Godden as CEO and Dylan Wilkinson as COO of its Australian operation. 8 May 2018
Insurance
Africa’s insurance markets suffer from excess capacity and cut-throat competition, but a low market penetration offer opportunities for growth. 8 May 2018
Insurance
German insurer Allianz has led the latest fundraising round of Berlin-based insurtech startup Simplesurance, alongside other investors such as Rheingau Founders and Rakuten Capital. 8 May 2018
Insurance
Profitability will remain under pressure for Bermuda reinsurers following a trying 2017, though the collective strength of the sector should remain largely intact, according to Fitch Ratings' latest peer review of the sector. 8 May 2018
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