Articles

Insurance

A quarter of M&A deals over $1bn end in a claim: AIG

The number of M&A insurance claims is increasing and large transactions are proving to be riskier with the average pay-out topping $20 million, according to a study of representation and warranty (R&W) claims by American International Group (AIG).   20 April 2017

News

Swiss Re puts Cyclone Debbie claims at $350m, total insured market losses at $1.3bn

Swiss Re has reported its claims estimate for tropical Cyclone Debbie at around $350 million.   13 April 2017

Insurance

AXIS CEO: Third party capital means ‘opportunity’ to offer cheaper reinsurance

Third party capital can help reinsurers lower the cost of capital and therefore coverage and this should be seen as an attractive business opportunity, according to AXIS Capital CEO Albert Benchimol.   16 February 2018

Insurance

Compre group CEO steps down

Re/insurance legacy specialist Compre has revealed that its founding director Nick Steer is stepping down as group CEO, effective March 2018.   4 December 2017

article

Lloyd’s new Brussels subsidiary may become obsolete: CEO

Lloyd's CEO Inga Beale suggested in a Reuters interview that the plan to create a subsidiary in Brussels may be unravelled.   27 June 2017

Insurance

Suncorp beats $144m Fairfax deal to acquire New Zealand's Tower

Suncorp subsidiary Vero Insurance has won the battle to acquire New Zealand-based general insurer Tower, beating Fairfax Financial's $144 million all-cash offer.   27 June 2017

Insurance

Latin American insurance market shrinks as currencies depreciate

The Latin American insurance sector shrank by 3.7 percent year-on-year in 2016 following the depreciation of most of the region’s currencies, according to the latest annual study on the Latin American insurance market.   27 June 2017

Insurance

Chubb appoints IT practice heads for overseas general insurance

Property/casualty insurer Chubb has appointed Tim Stapleton and Helen Troman as the heads of its information technology industry practice for overseas general insurance, effective immediately.   3 April 2017

Insurance

US nat cat prices to increase 10% due to above average losses in 2017

Bernstein analysts expect US nat cat prices to increase by an average of 10 percent and US commercial property to go up by on average 5 percent as a result of insured losses caused by Hurricane Irma, Harvey and Maria.   4 October 2017

Insurance

Aviva appoints new executive board member

UK insurer Aviva has appointed Maurice Tulloch as an executive director of the company and a member of the board.   22 June 2017

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