Xchanging the business process, procurement and technology services provider, has appointed Richard Cornish as head of internet of things (IoT) to steer the company’s services in the IoT space and drive strategic growth for Xchanging Technology Services.
IronHealth, the specialty healthcare unit of Ironshore, will offer the first insurance Medi-Care Set-Aside liability policy.
Insurer Allstate produced a strong set of results for the second quarter as profits increased by 41.5 percent, despite being hit by higher cat losses.
Italian insurance group Generali posted strong results in the second quarter of 2014 as the group continued to strengthen its capital position while making a number of disposals.
French reinsurer SCOR posted a 35 percent rise in Q2 profits, benefiting from the low-loss environment.
Endurance Specialty has terminated its offer to acquire Aspen Insurance. It blamed its withdrawal on Bermuda’s corporate governance laws and an unwillingness of Aspen's shareholders to take a stand against what it called the defensive self-preservation tactics of the Aspen board.
White Mountains Insurance Group has posted strong results despite large claims resulting in a 99 percent combined ratio at OneBeacon and decreases in property cat excess reinsurance driving the erosion of Sirius Group’s top line.
Broker Arthur J. Gallagher enjoyed strong growth in the second quarter of 2014 driven by its acquisition of 17 businesses.
The Association of British Insurers (ABI) has hit back at Moody’s recent questioning of the structure of the UK Flood Re scheme.
JLT Towers Re has made promising progress since its inception when the reinsurance unit of Jardine Lloyd Thompson (JLT) was combined with Towers Watson Re, JLT has said in its results for the first six months of 2014.