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Insurance
American International Group (AIG) has expanded its presence in the pension risk transfer market after reaching agreements on the two largest plan termination transactions of 2017. 29 May 2018
Insurance
Independent proxy advisory firm Glass Lewis has recommended that AmTrust Financial Services stockholders vote “FOR" the company's merger agreement at the special meeting of stockholders on June 4, 2018, according to a May 25 AmTrust statement. 29 May 2018
Insurance
Concerns over pricing, reserves, and interest rate weigh on investor sentiment in the property/casualty re/insurance sector, according to Morgan Stanley. 29 May 2018
Insurance
Specialty re/insurer Brit has hired Hiscox and The Hartford executives to bolster its Brit Global Specialty USA (BGSU) professional liability team. 29 May 2018
Insurance
Swiss Re and SoftBank Group have agreed to end discussions about a potential minority investment of SoftBank in Swiss Re. 28 May 2018
News
Insurtech firms have been transforming the personal lines business by delivering new applications and products for clients. But now it’s time for new technology to upgrade the commercial side of the insurance business, as Trevor Maynard, Lloyd’s head of Innovation, commercial, suggested to Intelligent Insurer. 25 May 2018
Insurance
The inability of the reinsurance sector to materially raise rates after 2017's major catastrophe losses shows that the traditional catastrophe reinsurance business model is "permanently" impaired, which, along with other factors, should drive sustained consolidation, according to KBW analysts. 25 May 2018
Alternative Risk Transfer
Mid-year catastrophe reinsurance renewal rate increases are lagging January 1 hikes, notwithstanding mid-year's higher prevalence of loss-impacted accounts and hurricane Irma's continuing modest loss "creep," according to KBW. 25 May 2018
Insurance
The UK government is keen to attract insurtech firms to London and create an environment where they can thrive as part of its plan to keep the city a global insurance hub. 25 May 2018
Insurance
US-based Insightin Health, a digital health company that provides an artificial intelligence-driven (AI-driven) customer relationship management system for health plans, announced the launch of its platform and the closing of a $2 million seed stage financing round. 25 May 2018
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