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Insurance
Aon has signed a definitive agreement to sell its benefits administration and HR business process outsourcing (BPO) platform for a cash consideration of $4.3 billion to Blackstone, a private equity and alternative asset management corporation. 10 February 2017
Insurance
Insured loss estimates from major natural catastrophes in 2016 reached $39.5 billion, the highest since the annual market losses of $60 billion in 2012, according to Willis Re’s 2016 Summary of Natural Catastrophe Events report. 10 February 2017
Insurance
The UK Government’s Department for Transport has proposed legislation that aims to end the confusion as to who the blame falls with if an autonomous vehicle is involved in an accident. 10 February 2017
Insurance
After restructuring its insurance business in the fourth quarter which contributed to a loss for the period, Aspen believes that the company is ready for profitable growth. 10 February 2017
Insurance
The Lloyd's Market Association (LMA) has appointed six executives to its claims committee LMACC for a two-year term. 10 February 2017
Insurance
Re/insurance broker Miller has expanded its UK facultative property team with the appointment of senior broker and producer Damian Richards. 10 February 2017
Insurance
Liberty Specialty Markets (LSM), a part of Liberty Mutual Insurance, has expanded its Lloyd's syndicate business to include onshore energy and construction. 10 February 2017
Insurance
AXA Insurance has partnered with UK broker Just Travel to bolster its presence in the consumer travel insurance market. 10 February 2017
Insurance
Legal expenses provider ARAG, a part of European insurance group ARAG, has appointed Daniel Liam to the position of corporate account handler to manage new corporate partnerships. 10 February 2017
Insurance
Re/insurers need to work with governments and the security services to close the 'information gap' in the market around terrorism and its constantly changing threat, claimed Pool Re, the UK government-backed terrorism insurer, in its latest report on the subject. 10 February 2017
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