Articles
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
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/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
Insurance
While Hannover Re has increased its growth and profit targets for 2017, Munich Re has suggested that it will earn less in 2017 than in 2016. However, the impression that Hannover Re is in better shape than its German competitor may be deceiving. 9 February 2017
Insurance
Ed, the broker formerly known as Cooper Gay, has appointed Andy Wakefield as managing director of marine and energy reinsurance. 8 February 2017
Insurance
Against a backdrop of competitive renewals, over capacity, rate reductions and plummeting profits, there are growing concerns around the health of the offshore energy market, according to the International Union of Marine Insurance (IUMI). 8 February 2017
Insurance
General insurer RSA has restructured its specialty business with a new global risk solutions (GRS) operating model, and named division heads. 8 February 2017
News
Bermuda-based reinsurer Tokio Millennium Re (TMR) has acquired the license for the casualty catastrophe modelling solution Oortfolio of California-based Insuretech analytics company Praedicat Solutions. 8 February 2017
Insurance
Munich Re believes that its business model will in the future rely increasingly on fee income and less on premium income, CFO Jörg Schneider suggested during a Feb. 7 press conference. 7 February 2017
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