Articles

Insurance

Lemonade sues ONE Insurance and parent wefox over copying software

AI-powered insurtech firm Lemonade Insurance Company has filed a lawsuit against ONE Insurance, its parent wefox Group and founder Julian Teicke, over claims of it copying Lemonade’s app and website.   15 June 2018

Insurance

Brit swoops for Talbot chief operating officer

Specialty re/insurer Brit has appointed Michael Gould as its new chief operating officer (COO). He arrives from Lloyd's syndicate Talbot Underwriting where he has held the position of COO since 2015.   12 June 2018

Insurance

Argo appoints new head of ceded reinsurance from Ariel Re

Bermuda specialty re/insurer Argo Group International Holdings has appointed Katie Partington Howarth to serve as the group head of ceded reinsurance.   11 June 2018

Insurance

Deutsche Rück boss quits; hunt starts for successor

Arno Junke, the chief executive of Deutsche Rück and the Association of German Public Insurers (VöV), has left both positions as of December 31, 2017.   2 January 2018

Insurance

Allianz and Liverpool Victoria push ahead with JV

Allianz Group and Liverpool Victoria Friendly Society (LV=) have completed the first stage in the creation of their joint venture and strategic partnership through the planned sale of 49 percent stake in LV=’s UK General Insurance businesses (LV=GI) to Allianz Group.   2 January 2018

Insurance

California wildfires will cost insurers $9bn: insurance commissioner

The recent wildfires in California will cause some $9 billion in insured losses, making them the deadliest and costliest wildfire catastrophes in California's history, according to California’s insurance commissioner Dave Jones.   13 December 2018

Insurance

BGC Partners to acquire Ed Broking Group

London-based reinsurance, wholesale and specialty broker Ed is to be acquired by BGC Partners, a global brokerage and financial technology company.   29 October 2018

News

RGA’s US group business ‘disappoints’ in Q2

While the US individual mortality business bounced back in the second quarter of 2018, the US group business of life reinsurer RGA disappointed, according to CEO Anna Manning.   27 July 2018

Insurance

Goldie predicts smoother seas ahead for reinsurance market

The reinsurance market could see the vertiginous market pricing cycles of the past replaced with a much smoother ride, Charles Goldie, chief executive officer of property & casualty at PartnerRe, told PCI Today.   28 October 2018

Insurance

XL Group shareholders approve $15.3bn merger deal with AXA

The common shareholders of property/casualty commercial lines re/insurer XL Group have approved an agreement to be 100 percent acquired by French insurer AXA for $15.3 billion, to be fully paid in cash.   7 June 2018

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