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Insurance
Airline premium, rates on the rise
Airline premium and rates ended 2017 higher than the preceding year for the first time in a decade and the underlying conditions continue to support higher premium and rates in 2018, says David Godley, founder partner of Altitude Risk Partners, a specialist aviation and space underwriting agency.   18 April 2018
Insurance
Insurance broker M&A activity declines in North America
The insurance broker merger and acquisition (M&A) activity has declined in North America in the first quarter of 2018, according to investment bank Optis Partners.   18 April 2018
Insurance
AXA significantly outbid competitors in $15.3bn XL takeover
Bermuda-based property/casualty commercial lines re/insurer XL Group received other potential bids before sealing the deal with AXA, which agreed to pay significantly more than other suitors.   17 April 2018
Insurance
Brockwell completes London team with former Allied World/AIG execs
Lloyd’s coverholder Brockwell Capital has completed its London team with the addition of two senior underwriters Andrew Graham and Alec Goodair.   17 April 2018
Insurance
Lloyd’s Canopius syndicate 4444 gets downgraded
Syndicate Research (SRL) has downgraded the B+^ (Above Average) Continuity Opinion of Lloyd's syndicate 4444 (Canopius Managing Agents) to B^ (Average).   17 April 2018
Insurance
The Hanover expects up to $76m nat cat costs in Q1
US-based property/casualty insurer The Hanover estimates the impact of catastrophe activity to be in the range of $66 million to $76 million before taxes in the first quarter of 2018.   17 April 2018
News
Lloyd’s MS Amlin Underwriting gets downgraded due to losses
Syndicate Research (SRL) has downgraded the A-^ (Good) Continuity Opinion of Lloyd’s Syndicate 2001 (MS Amlin Underwriting) to B+^ (Above Average) following the announcement of its 2017 annual results and put it under review for further possible downgrade.   17 April 2018
Insurance
Allianz sells 33% in China unit
Allianz has sold a 33 percent stake in its China unit to Chinese online retailer JD.com, according to a Reuters April 16 report.   17 April 2018
Insurance
Lockton picks new chief digital officer to drive innovation
Insurance broker Lockton has appointed Said Taiym as executive vice president and chief digital officer.   17 April 2018
Insurance
Ex-CIRC chairman charged with fraud
The former chairman of China Insurance Regulatory Commission (CIRC) Xiang Junbo has been formally charged on suspicion of taking bribes, Reuters reported on April 16.   17 April 2018

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