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RFIB Group, the Lloyd’s insurance and reinsurance broker, today has appointed Richard Macfarlane as managing director of its international non-marine business. 4 July 2014
Insurance
The UK government has revealed a draft publication of the regulatory framework for the trading of insurance-linked securities (ILS) in the UK which will allow London to compete with reinsurance hubs like Bermuda. 24 November 2016
Insurance
US specialty insurer RLI Corporation was impacted by a $5.5 million net decrease to underwriting income in the second quarter due to volcanic activity in Hawaii, and chief operating officer Craig Kliethermes explained during the results conference call that there is no reinsurance cover available for such catastrophe events. 23 July 2018
Insurance
Insurance web aggregator PolicyBazaar raised more than $200 million in a new investment round led by the SoftBank Vision Fund. 25 June 2018
Insurance
French reinsurer SCOR has called on its shareholders to reject the draft resolution of its activist investor CIAM that suggested its CEO Denis Kessler be removed from the company's board of directors. 26 March 2019
Insurance
The Chinese government has taken full ownership of troubled Anbang Insurance Group, according to a Wall Street Journal report citing a June 22 statement by the regulator. 25 June 2018
Insurance
French investment management firm CIAM, which holds 0.94 percent stake in SCOR, has submitted a draft resolution asking the reinsurer to oust its long-serving chief executive Denis Kessler from the company's board of directors at the next general meeting on April 26. 26 March 2019
Insurance
AXA’s results for the first half of 2019 showed that the “strategy was paying off',' according to the French insurer’s CEO Thomas Buberl, as he called 2018 “a decisive year for the group’s transformation process”. 2 August 2019
Alternative Risk Transfer
AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” to Bermuda-based Vermeer Reinsurance, a property catastrophe reinsurer that has recently been launched by RenaissanceRe and Dutch pension fund manager PGGM. 20 December 2018
Insurance
London-based insurtech Zego, a provider of pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, has raised $42 million Series B funding from investment firm Target Global, with other backers including TransferWise founder Taavet Hinrikus. 19 June 2019
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