Articles
Insurance
RSA has hired Martin Rueegg from AXA to be its new chief executive (CEO) of the Middle East and UAE, replacing Lloyd East who will move to RSA’s Canadian operation Johnson to become vice president of strategic operations and chief operating officer (COO). Rueegg will take up his new post in September. 22 July 2019
Insurance
Insurance broker and risk management firm Marsh has collaborated with professional liability specialist Validus Specialty to launch a new financial and professional insurance solution designed to manage US-based fintech companies’ growing risks. 4 May 2018
Insurance
The number of securities class action lawsuits has more than doubled in the past four years, but according to insurer Chubb, the beneficiaries of the payouts are not “harmed investors” but instead its lawyers bringing cases of “dubious merit”. 11 June 2019
Insurance
Tens of thousands of homes are without power and sea water is sloshing through coastal streets as hurricane Florence begins lashing the US East Coast, according to a BBC News Sept. 15 report. 14 September 2018
Insurance
Specialist insurer Life Company Consolidation Group (LCCG) has agreed to acquire UK's mutual life insurer Equitable Life. The transaction is expected to complete towards the end of 2019. 18 June 2018
Insurance
XL Group’s insurance segment produced an underwriting loss in the second quarter of 2017 due to higher large loss activity. 1 August 2018
Alternative Risk Transfer
Re/insurer XL Catlin has announced that it is extending its structured risk solutions underwriting capabilities to the US with the addition of Aiden Joo as senior underwriter in New York. 5 June 2017
Alternative Risk Transfer
Re/insurer QBE North America, part of QBE Insurance Group, has formed a strategic programme alliance with AmWINS Special Risk Underwriters (SRU) to launch a national excess property programme. 5 June 2017
Insurance
London-based FloodFlash, a startup that wants to offer insurance for previously uninsurable flood risk, has raised £1.9 million in seed funding from LocalGlobe, Pentech Ventures and InsurTech Gateway. 1 August 2018
Alternative Risk Transfer
The Federal Emergency Management Agency (FEMA) has secured $500 million in reinsurance for its National Flood Insurance Program (NFIP) through capital markets. 1 August 2018
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