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Insurance
The insurance industry in the US will see overall benefits from the reduced corporate tax rate as a result of The Tax Cuts and Jobs Act, once it is signed into law; however, partially offsetting the benefits are certain revenue enhancements that will impact life and property/casualty (P/C) companies. 22 December 2017
Insurance
SmarterSafer, a national coalition of environmental groups and insurance interests, has urged US lawmakers to find a long term and sustainable solution for the National Flood Insurance Program (NFIP) rather than allowing short-term extensions. 22 December 2017
Insurance
Zurich Insurance Group has acquired Hong Kong-based telematics business Bright Box and its subsidiaries. The insurer said it wants to increase its capabilities in connected car technologies and mobility. 22 December 2017
Insurance
Property/casualty insurer Travelers Europe has appointed Nick Rnjak to lead Travelers Syndicate Management, its wholly-owned platform in the Lloyd’s insurance market. 22 December 2017
Insurance
AXIS Insurance has hired the vice president, workers’ compensation and underwriting officer, large casualty business unit, of CNA. 22 December 2017
Insurance
US-based property/casualty insurer The Hartford has appointed Carlos Dominguez to its board of directors, as the company accelerates its digital strategy and investments in technology. 22 December 2017
Insurance
Integro Insurance Brokers has hired Stephen Feron from Chubb to serve as a senior vice president in its marine practice. 22 December 2017
Insurance
A number of representative bodies and Lloyd’s have welcomed the announcement by the Bank of England that it will allow EU banks and insurers to operate normally in the UK post-Brexit and is undertaking a review of its authorising and supervision policies for international firms. 21 December 2017
Insurance
The General Insurance Corporation of India (GIC Re) has received “in principle” approval from the Lloyd’s Franchise Board to create a new syndicate, its managing agency Pembroke has confirmed. 21 December 2017
Insurance
Hamilton Underwriting, the managing agency of Syndicate 3334 and the Lloyd's operations of Hamilton Insurance Group, has reached an agreement with Randall & Quilter (R&Q) in conjunction with AXA DBIO, to support the Reinsurance to Close (RITC) of Syndicate 3334’s 2014 and prior years of account. 21 December 2017
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