Articles

Insurance

Liberty gains licence for new Luxembourg Brexit unit

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has secured a licence for its European insurance company Liberty Mutual Insurance Europe SE (LMIE) to operate from Luxembourg.   12 December 2018

Insurance

AXA XL restructures E&S casualty leadership

Re/insurer AXA XL has unveiled its new excess & surplus (E&S) casualty product leads in the US, including a senior hire from QBE.   12 December 2018

Insurance

QBE unveils A$200m cost cutting programme

Australia-based insurer QBE is implementing measures targeting more than A$200 million ($144 million) in gross cost savings by 2021.   11 December 2018

Insurance

Aspen shareholders approve $2.6bn Apollo takeover

The shareholders of Bermuda-based Aspen Insurance Holdings have approved the $2.6 billion Aspen acquisition offer by alternative investment manager Apollo.   11 December 2018

News

Incumbents may be falling behind in the insurtech race

As money continues to pour into insurtech ventures, there is evidence that only the big, global technology players and true venture capital firms have pockets deep enough to precipitate true disruption in the insurance space. Simon Hayes investigates where this will leave the incumbent players.   11 December 2018

Insurance

AI-powered insurtech Zesty.ai raises $13m capital for expansion

US-based artificial intelligence (AI) startup Zesty.ai has secured a $13 million investment in its Series A financing round, led by Luxembourg-based private investment fund Blamar.   10 December 2018

Insurance

Everest poaches CUO from Travelers in Canada

Everest Re Group has appointed Kevin Pinto as new chief underwriting officer (CUO) of Everest Insurance Company of Canada (EvCan).   10 December 2018

Insurance

AIG chief data officer joins AI insurtech Planck Re

American International Group's (AIG's) chief data officer Leandro DalleMule has joined insurtech startup Planck Resolution as general manager, North America.   10 December 2018

Insurance

Liberty merges, rebrands Ironshore Bermuda

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group is integrating its Ironshore Bermuda businesses and rebrands it as Liberty Specialty Markets Bermuda.   6 December 2018

Insurance

AIG expects up to $800m cat loss in Q4

American International Group (AIG) is expecting natural catastrophes to cost the insurer between $750 and $800 million pre-tax in the fourth quarter of 2018, CEO Brian Duperreault said during a Dec. 5 Goldman Sachs US Financial Services Conference.   6 December 2018

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