Articles
Insurance
The UK government has recognised that the London Market does need to see significant changes to the EU equivalence regime but there are no equivalence frameworks for insurers under Solvency II or for brokers under the Insurance Distribution Directive, said Clare Lebecq, CEO of the London Market Group (LMG). 5 December 2018
Insurance
Zurich Insurance Group wants to improve the performance of its commercial insurance business in North America in order to lower the combined ratio of its overall operations in the region. 5 December 2018
Insurance
American International Group (AIG) has appointed Sachin Shah as chief executive officer (CEO) of Asia Pacific, AIG General Insurance. 5 December 2018
Insurance
American International Group (AIG) has appointed Mark Lyons as executive vice president and chief financial officer (CFO), succeeding Sid Sankaran. 5 December 2018
Insurance
Italian insurer Generali is accelerating its asset management strategy by acquiring 100 percent of CM Investment Solutions (CMISL) from Bank of America Merrill Lynch. 5 December 2018
Insurance
Zurich Insurance Group is on track to achieve its 2017-2019 financial targets, management said on Dec. 5, 2018. 5 December 2018
Insurance
Bermuda-based Hamilton Insurance Group has hired Michael Papamichael as senior vice president of strategy and corporate development from Sirius Group. 5 December 2018
Insurance
Chubb believes that it can achieve more than $350 million in savings by year-end 2022 and $500 million by year-end 2023 through the use of robotics and artificial intelligence (AI) as it eliminates low-value activities, according to a December 2018 investor presentation. 4 December 2018
Insurance
The 2018 tropical cyclone season across the northern hemisphere has caused overall losses of around $51 billion, well below last year’s figure of $220 billion, but still substantially above the long-term average of $34 billion, according to Munich Re. 4 December 2018
Insurance
National Mortgage Insurance Corporation (NMIC) has reduced its cession rate for its 2019 new insurance written (NIW) for its existing quota share reinsurance treaty (QSR) to 20 percent from 25 percent in 2018. 4 December 2018
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