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Insurance
Lloyd’s of London has signed its first Artificial Intelligence (AI) deal to automate business processes in the market. 9 October 2017
Insurance
Lloyd’s underwriting syndicate Probitas 1492 said on Oct. 9 that it completed a transaction with Saudi Re which removes all of Istmo Re group’s interest in Probitas. 9 October 2017
News
The current soft property/casualty (P&C) reinsurance market is unlikely to harden in 2018 despite recent nat cat events, according to research firm CreditSights analysts. 6 October 2017
Insurance
Broker Willis Re said on Oct. 6 that it is developing an online placement platform with broker and risk/capital management advisor TigerRisk Partners. 6 October 2017
News
Brazilian reinsurer Austral Re has announced its plan to expand in the Latin American region as its seeks to further build its overseas business. 6 October 2017
Insurance
N Brown Group, a British home shopping retailer, said on July 13 that it identified "flaws" in certain general insurance products which were provided by a third party insurance underwriter and sold by the group to its customers between 2006 and 2014. 13 July 2017
Insurance
The State Farm property/casualty (P&C) group of companies reported a combined underwriting loss of $6.5 billion in 2017 on earned premium of $63.9 billion, compared to an underwriting loss of $5.5 billion on earned premium of $61.7 billion in 2016. 2 March 2018
Insurance
Ascent Underwriting, a specialist managing general agent (MGA) underwriting on behalf of a number of Lloyd’s Syndicates, has appointed Mark Bowers as claims director with immediate effect. 10 April 2017
Insurance
In what appears to be a new strategic direction for the company, Brian Duperreault, American International Group's (AIG) new CEO, has said he wants to target acquisitions of companies and reduce the pace of share buybacks. 29 June 2017
Insurance
The Hanover Insurance Group has appointed Richard Lavey as president of Hanover Agency Markets, succeeding John Roche, who was recently named president and CEO of The Hanover. 8 November 2017
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