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Insurance
The Central Bank of Ireland has issued a direction to New Zealand’s insurer CBL to cease writing business with immediate effect through its European arm CBL Insurance Europe (CBLIE), according to a Feb. 19 press release. 20 February 2018
Insurance
AXIS Capital Holdings has made two appointments within the US Programs, property and casualty team of its AXIS Insurance business unit. 12 October 2017
Insurance
Arity, a Chicago-based data start-up by insurer Allstate, has launched a new technology designed to help insurers price individual motor policies partly based on how distracted they are by mobile technology while driving. 25 January 2018
Insurance
In an ongoing dispute, Voce Capital Management, a shareholder of Argo Group, has questioned the legality of the re/insurer's appointment of two independent board directors. 29 March 2019
Insurance
Endurance Specialty Holdings, the Bermuda-based specialty re/insurer, has appointed Giles Quartly as senior vice president and head of international casualty insurance. 3 March 2016
Insurance
Property/casualty insurer American Financial Group (AFG) said on Oct. 3 that it expects losses from natural catastrophes of approximately $105 million pretax and net of AFG’s reinsurance coverage for the third quarter. 4 October 2017
Alternative Risk Transfer
The insurance industry is growing rapidly in Asia, and more capacity will be needed to keep up with demand. Alternative capital sources such as ILS will be vital to meet that demand, and in acquiring Lutece, Peak Re has positioned itself to lead this trend, says Peak Re’s Franz Josef Hahn. 12 May 2020
Insurance
AM Best has placed a negative market segment outlook on Brazil’s reinsurance market, citing persistent macroeconomic and political uncertainty; a declining interest rate environment, which has led to lower investment income; foreign exchange fluctuations; and evolving reinsurance market conditions. 13 December 2018
Insurance
Re/insurer QBE Australia and New Zealand has appointed Craig Mauger to the position of regional manager, Northern Region Broker Distribution. 29 November 2017
Insurance
A new aviation consortium has been established in Lloyd’s Asia to write general aviation insurance and reinsurance risks based in the Asia-Pacific and Middle East Regions. 11 April 2014
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