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The net income of private US property/casualty insurers more than doubled to $17.1 billion in first-quarter 2018 from $7.9 billion in first-quarter 2017, helped by lower catastrophe losses and increased reserve releases, according to a study by ISO, a Verisk business, and the Property Casualty Insurers Association of America (PCI). 12 July 2018
Insurance
Upon closing of the acquisition of the XL Group, the AXA XL-branded unit will combine the group’s P&C commercial lines and specialty risks, AXA CEO Thomas Buberl said in a blog. 11 July 2018
Insurance
The US cyber insurance premiums expanded 37 percent year on year to $1.84 billion in 2017, according to Aon’s US Cyber Market Update report. 9 July 2018
Insurance
The Generali deal which will see the Italian insurer sell its unit Generali Leben would be the largest run-off deal in Germany to date in what will be a growing theme in the German life insurance market, according to Fitch Ratings. 6 July 2018
Insurance
At the launch of a new industry-wide pledge designed to change behaviours and create a more inclusive work environment across the sector, Lloyd’s of London CEO Inga Beale has acknowledged that a lot has been achieved – but that more must be done and work needs to go on. 4 July 2018
Insurance
Allianz Group's specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has appointed Tim McGain as regional head of property in London. 4 July 2018
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
DUAL, the underwriting arm of Hyperion Insurance Group, has overhauled its leadership team hiring a new chief executive. It said the move has been prompted by a desire to grow in the UK and internationally. 4 July 2018
Insurance
Intrepidus Insurance Services, a Bermuda insurance broker, has had its registration to operate revoked by the Bermuda Monetary Authority (BMA) following an investigation triggered by a complaint against the company. 4 July 2018
Insurance
Rating agency AM Best has downgraded the financial strength ratings of AmTrust Financial Services’ insurance units to ‘A-’ from ‘A’. They were previously under review with negative implications. 4 July 2018
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