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Insurance
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
Insurtech funding in the first quarter of 2017 dropped severely compared to the same period last year as significant investments made in 2016 reach the product launch phase, according to Willis Towers Watson Securities. 2 May 2017
Insurance
Bermuda-based Validus Holdings has completed the acquisition of Archer Daniels Midland (ADM) Company’s Crop Risk Services (CRS) business. 2 May 2017
Insurance
US-based global insurance distributor AmWINS Group has announced the acquisition of California-based Networked Insurance Agents, an insurance aggregator specialising in the standard lines insurance segment. 2 May 2017
Insurance
Specialty insurer Markel Corporation has completed the acquisition of Houston-based SureTec Financial which offers contract and commercial surety bonds across 50 states in the US. 2 May 2017
Alternative Risk Transfer
Organisations believe that their cyber assets are more valuable than plant, property and equipment (PP&E) assets despite spending four times more budget on insurance protecting the latter risks, according to the latest Aon/Ponemon report. 25 April 2017
Insurance
JLT Specialty USA, a US subsidiary of broker Jardine Lloyd Thompson Group, has hired former employee Molly Nolan as senior vice president to further build its specialty expertise in the Northeast. She will be based in Boston, and focus on broking and client development. 24 April 2017
Insurance
Catastrophe modelling firm AIR Worldwide, a Verisk Analytics business, has unveiled a cyber risk modelling application for the re/insurance market that will provide underwriters and risk managers with a variety of cyber analytics. 24 April 2017
Insurance
Unprecedented volatility in economics, demographics and geopolitics and rapid technology advancements are transforming traditional risks for global businesses, adding new urgency and complexity to old challenges, according to Aon’s 2017 Global Risk Management survey. 24 April 2017
Insurance
The cyber insurance market will become more resilient if it is considered as a standalone line of business rather than a peril, according to JLT Re. 24 April 2017
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