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Xchanging hires IoT head from Vodafone

Europe31-07-2014Insurance News

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.

Ironshore offers first Medi-Care Set-Aside policy

North America31-07-2014Insurance News

IronHealth, the specialty healthcare unit of Ironshore, will offer the first insurance Medi-Care Set-Aside liability policy.

Allstate profits jump despite higher cat losses

North America31-07-2014Insurance News

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.

Generali’s strategy helps to deliver strong Q2 results

Europe31-07-2014Insurance News

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.

SCOR profits leap in Q2

Europe31-07-2014Reinsurance News

French reinsurer SCOR posted a 35 percent rise in Q2 profits, benefiting from the low-loss environment.

Aspen wins battle as Endurance abandons bid

Bermuda, North America31-07-2014Insurance News

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.

Sirius top line eroded; OneBeacon hit with large claims

North America30-07-2014Insurance News, Reinsurance News

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.

Acquisitions continue to drive AJG growth

Europe, North America30-07-2014Insurance News

Broker Arthur J. Gallagher enjoyed strong growth in the second quarter of 2014 driven by its acquisition of 17 businesses.

ABI accuses Moody’s of misunderstanding Flood Re cap

Europe30-07-2014Insurance News, Reinsurance News

The Association of British Insurers (ABI) has hit back at Moody’s recent questioning of the structure of the UK Flood Re scheme.

Margins flat but JLT Towers Re makes strong start

Europe30-07-2014Reinsurance News

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.

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