Articles

Insurance

Liberty Mutual profit falls by $1bn in 2017

Liberty Mutual Holding Company (LMHC) has seen its net income fall by $989 million year on year to $17 million.   27 February 2018

Insurance

Allied World names Australia country manager

Allied World Assurance Company Holdings has appointed Iain MacLeod as senior vice president, country manager for Australia.   6 December 2017

Insurance

Deutsche Rück reveals new CEO

The supervisory boards of Deutsche Rückversicherung and the Association of German Public Insurers (VöV) appointed Frank Schaar as CEO of both companies with immediate effect.   26 February 2018

Insurance

Allianz partners with JLT for after the event insurance

Allianz Legal Protection (ALP) and JLT Specialty have created Omnium, a specialist after the event (ATE) insurance solution for insolvency practitioners (IP’s).   29 January 2018

Insurance

Cat reinsurance fund Blue Capital Alternative Income to be wound down

Shareholders representing 39 percent of the equity have voted against the continuation of the Blue Capital Alternative Income Fund at the annual general meeting and the company’s board is recommending an orderly run-off of the company.   11 May 2018

Alternative Risk Transfer

Generali prefers ILS for windstorm protection

Italian insurer Generali is taking advantage of more attractive conditions in the insurance-linked securities (ILS) market for windstorm reinsurance protection.   19 March 2018

Insurance

Talanx places hybrid bond with volume of €750m

Hannover-based insurance Group Talanx on November 28 successfully placed a hybrid bond with a volume of €750 million, issued primarily to international and domestic institutional investors.   29 November 2017

Insurance

Liberty Mutual Q1 profit jumps as nat cat cost drop

Liberty Mutual Holding Company (LMHC) more than doubled profits year on year in the first quarter of 2018 on lower natural catastrophe costs.   3 May 2018

Insurance

MS&AD takes full ownership of European insurtech firm

Aioi Nissay Dowa Insurance Europe (the ANDIE Group), a unit of Tokyo-based MS&AD Group, plans to purchase the remaining 24.99 percent of shares of Box Innovation Group (BIGL), which includes the brands insurethebox and drive like a girl.   16 January 2018

Insurance

Greenlight Re posts Q3 loss driven by investments, underwriting

Cayman Islands-based Greenlight Capital Re has posted a loss in the third quarter of 2018 driven by investment and underwriting losses.   6 November 2018

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