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Monsanto has been ordered to pay $289 million damages to a man who claimed herbicides containing glyphosate had caused his cancer in a court ruling that sets worrying precedent for insurers, according to law firm Clyde & Co. 14 August 2018
Insurance
The Talanx Group, which owns Hannover Re, has outlined ambitious targets for 2019 and beyond – one way it plans to achieve these is by consolidating its reinsurance buying programme. 23 October 2018
Insurance
BB&T Insurance Holdings has agreed to increase its partnership in AmRisc, the largest catastrophe-focused Managing General Agent (MGA) in the US. In a related agreement, BB&T Corporation has agreed to sell American Coastal Insurance Company (ACIC) to certain members of the AmRisc management team. 11 May 2015
Insurance
Allianz Insurance has appointed Gary Davess, formerly of Tesco Bank, to its retail division as director, specialty and direct. He succeeds Neil Brettell who joined the Allianz management board as general manager, retail division in January this year. 14 May 2014
Insurance
Rating agency AM Best has revised the outlook of Bermuda-based reinsurer Third Point Re to negative from stable, expressing "concerns over the company’s business profile", its ability to make underwriting profits, and the recent changes in its senior management including the departure of its CEO Robert Bredahl. 17 May 2019
Insurance
European run-off insurance company DARAG has entered an agreement to acquire all shares of Stockholm-based Swedish insurance company Ikano Försäkring, a part of Ikano Group. 6 April 2017
Insurance
Insurance broker Charles Monat Associates (CMA), which has a prominent presence in Asia, has agreed to a management buyout (MBO) to acquire 100 percent of the global wealth solutions business of Willis Towers Watson. 11 May 2017
Insurance
Industrial lines insurer HDI Global, a subsidiary of Hannover Re-owner Talanx, is strengthening its UK and Ireland client offering by creating a new leadership role within its claims department. 5 May 2017
Insurance
Two large typhoons in Japan as well as earthquakes and heavy rainfall experienced in Japan have recently revealed the growth potential for business interruption cover in the country’s commercial insurance market, Ken Motoda, president of AGCS Japan, the local unit of Allianz’s commercial insurer, told SIRC Today. 31 October 2018
Insurance
Large primary carriers are re-entering the reinsurance market after having largely abandoned the sector in the 1990s and early 2000s, according to Willis Re CEO James Kent. 3 April 2018
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