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Insurance
Dutch NN Group’s acquisition of its peer Delta Lloyd has lowered the cost base by €133 million in 2017, according to a Feb. 15 press release. 15 February 2018
Insurance
Australia’s insurer Suncorp has reported natural hazards of A$395 million ($313.9 million) between July and December 2016, which is A$65 million above the allowance for the period, driven primarily by the Victorian hail storm. 15 February 2018
News
Reinsurance broker JLT Re has hired Zurich executive Erica Davis as senior vice president in New York. She will lead the cyber and errors & omissions (E&O) practice. 15 February 2018
Insurance
XL Group CEO Michael McGavick said that he is not surprised that there is speculation about a potential takeover of XL Group by other market players. 14 February 2018
Insurance
US insurance group Kemper Corporation entered into a definitive merger agreement to acquire auto insurer Infinity Property Casualty Corporation for a total consideration of approximately $1.3 billion. 14 February 2018
Insurance
MS Amlin has reported a net loss of ¥84.900 billion (£569 million) for the nine months ended Dec. 31, 2017 after a net profit of ¥18.60 billion in the same period of 2016. 14 February 2018
Insurance
Zurich Insurance Group has entered into an exclusive collaboration in Europe with insurtech startup CoverWallet and launched a new digital distribution channel in Spain. 14 February 2018
Insurance
Specialty re/insurer Brit has completed the fourth annual renewal and expansion of its Bermuda domiciled special purpose insurer Versutus, the company said in a Feb. 14 press release. 14 February 2018
Insurance
Insurance Australia Group (IAG) is reviewing its Asian operations after running out of buying opportunities, according to a Reuters Feb. 14 report. 14 February 2018
Insurance
Willis Towers Watson has appointed Dominique Lebel to lead its insurance consulting and technology (ICT) life business for the Americas. 14 February 2018
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