Articles

Insurance

AIG in $2.5bn debt raise as it acquires Validus

American International Group (AIG) is raising $2.5 billion in debt as it prepares the funding for the acquisition of Bermuda-based Validus Holdings.   22 March 2018

Insurance

Hiscox CEO becomes new chair of London Market PPL

The board of London Market’s electronic placing platform PPL has appointed Hiscox chief executive Bronek Masojada as its new chairman.   22 March 2018

Insurance

AmTrust expands board of directors with ex-KPMG partner

Specialty property/casualty insurer AmTrust Financial Services has expanded its board of directors to eight with the addition of former KPMG partner Mark Serock.   22 March 2018

Insurance

Insurers face AI liability issue

Artificial Intelligence (AI) agents will take over many decisions from humans in future, but they cannot legally be held liable for those decisions, creating new liability challenges to the insurance industry, according to a new report by Allianz.   22 March 2018

Insurance

Ascent appoints former Arch Europe CEO as non-exec chair

Managing general agent (MGA) Ascent Underwriting has appointed James Weatherstone as non-executive chairman.   22 March 2018

Insurance

Maiden unveils new insurtech innovation initiative

Bermuda-based Maiden Holdings has created an insurtech team to help customers identify emerging technology and leverage it to achieve their strategic goals.   22 March 2018

Insurance

NFIP expiration date looms; lapse risks disrupting US housing market

The National Flood Insurance Program (NFIP) will expire on March 23, 2018 for the third time this year if Congress fails to act and a lapse in the debt-ridden programme may disrupt the national housing market and leave countless homeowners in harm’s way if a severe storm strikes, stakeholder coalition SmarterSafer has warned.   16 March 2018

Insurance

Insurance M&A speeds up driven by scale, geographic reach

The second half of 2017 showed an uptick in insurance M&A deals globally for the first time since 2015 and was followed by a number of high profile transactions in 2018.   12 March 2018

News

Automation versus augmentation-and why insurers must prepare for a new model

The insurance industry must ready itself for the arrival of very different technology combinations which will rewrite the rulebook, as Kevin Baughan of Innovate UK explains to Intelligent Insurer.   9 March 2018

News

US P&C reinsurers record 2017 combined ratio of 108.2%

Reinsurers in the US recorded a combined ratio of 108.2 percent in 2017, according to the latest underwriting report by the Reinsurance Association of America (RAA).   8 March 2018

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