Articles

Insurance

AXA surprises by more than doubling first-half profit; renews CEO's term

CEO Thomas Buberl expressed a bullish view on achieving its earnings target of €1.2 billion in 2021.   2 August 2021

Insurance

AIG profits dampened by nat cats in Q1

American International Group (AIG) reported a drop in net income to $938 million in the first quarter of 2018 from $1.2 billion in the same period a year ago as natural catastrophes impacted the results.   3 May 2018

Insurance

CII splits chairman and president roles in strategic move

The separation will enable new independent chair to focus on their ambassadorial role.   29 April 2020

Insurance

Ardonagh sells UK commercial MGA business to Arch for £31m

After selling the claims business of Direct Group for £36 million earlier this month, UK intermediary Ardonagh Group has revealed that it is selling its commercial managing general agency (MGA) businesses to Arch UK Holdings for up to £31 million.   1 November 2018

Insurance

Thriving in the new digital age: culture is king

Since the impact of the COVID-19 pandemic began to be felt, in the US and across the world, insurance companies have had to re-invent their ways of working—much due to social distancing and the increase in remote working, and the uptake of e-commerce. Subsequently, insurers have had to expedite their digital transformation programmes and their digital processes to remain relevant.   7 July 2021

Insurance

Aon, Praedicat target reinsurance coverage gaps in casualty market

Their partnership will develop sustainable solutions to protect against emerging risks.   2 March 2021

Insurance

CFC hires Newline exec to build new financial institutions practice

CFC Underwriting, a Lloyd's managing general agent (MGA), has appointed Neil Beaton to build a new team focused on developing a suite of products for financial institutions.   14 November 2017

Insurance

Economic development expected to deteriorate significantly worldwide: Statista

Economic development is expected to deteriorate significantly from +32 percent currently to -5 percent worldwide according to a new study by German online statistics portal Statista.   14 October 2019

Insurance

AIG’s Duperreault highlights 2018 loss reduction and forecasts growth

Efforts to rectify issues in AIG’s core underwriting capabilities appear to be paying off as losses reduce year on year in its 2018 results, with Brian Duperreault, AIG’s president and chief executive officer, predicting the firm will “accelerate our progress in 2019”.   14 February 2019

Insurance

QBE may appeal part of UK court ruling on COVID-19 claims

The insurer expects an additional $70 million net hit following the FCA's BI test case judgment on COVID-19 claims.   16 September 2020

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