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Lloyd’s goes digital, but that’s not all

Europe, North America05-04-2018Property and CasualtyChristian Wuestner

Lloyd’s of London made a heavy loss in 2017 after being hit hard by the US hurricane season. While this may have been expected due to the market’s gearing towards US natural catastrophes, Lloyd’s top executives are now urging the market to boost profits by curbing costs and being more cautious with its risk selection.

Brexit uncertainty frightens insurers as negotiations on multi-year contracts stall

Europe, London, UK16-03-2018Life Insurance, Property and Casualty

Financial services may not be included in a Brexit deal between the EU and the UK which, at best, may increase operational costs for insurers, but in a worst-case scenario may reduce the UK-based firms’ access to EU customers. Intelligent Insurer reports.

Sirius picks growth segments as it aims to attract investors

Bermuda, North America14-03-2018Accident and Health (A&H), Property and CasualtyChristian Wuestner

Three years after Sirius International Insurance Group was acquired by China Minsheng Investment (CMIG International), the company is rolling out ambitious growth plans and is readying itself for a potential initial public offering, Allan Waters, the company’s chief executive, tells Intelligent Insurer.

XL deal changes AXA's DNA into that of a P&C player

Bermuda, Europe, North America05-03-2018Property and Casualty

AXA’s business mix will fundamentally change once its acquisition of XL Group is completed. Property/casualty (P&C) business will represent half its book of business as it diversifies away from being mainly a life & savings insurer.

AmTrust goes private as it seeks to reverse decline

North America02-03-2018Property and Casualty

A group of investors is taking AmTrust Financial Services private to create a better environment to fix the problems that have been haunting the New York-based insurer. AmTrust needs to address financial controls as well as pricing and reserve adequacy issues.

What’s hidden behind AIG’s $6.1bn 2017 loss

Global, North America22-02-2018Property and Casualty

American International Group (AIG) has been loss-making for the last two years, but the reported 2017 net loss of $6.08 billion hides improvements on the operating side as a more in-depth look into the numbers reveals and CEO Brian Duperreault is working on getting the insurance giant back on a growth path. A changed reinsurance cover structure is also part of the plan.

Embracing millennials is the only solution for a greying, unattractive, industry


The insurance industry is facing a chronic dearth of talent—and potentially customers—that could reshape the industry unless it finds a way to engage with so-called millennials, an insurance claim consultancy has claimed.

It's no joke: five tips insurance execs should learn from comedians


In an increasingly digitised age, the art of the presentation is becoming lost, which can be a problem in a people-oriented industry such as insurance. To rekindle this lost skill, some insurers are turning to a stand-up comedian to help them wow an audience.

Navigators targets Continental Europe retail market as CEO bemoans high costs of Lloyd’s

Continental Europe, North America24-01-2018MarineChristian Wuestner

The chief executive of Navigators says he sees great potential for expansion in the European retail market for its specialty products.

Duperreault starts to reshape AIG

Bermuda, North America22-01-2018Mergers & Acquisitions (M&A)

American International Group (AIG) CEO Brian Duperreault makes his first major move to reshape AIG and position it for profitable growth.

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