AXIS extends CEO Benchimol's contract to 2023
Bermuda-based re/insurer AXIS Capital Holdings has extended the contract of president and CEO Albert Benchimol until Dec. 31, 2023.
AXA XL restructures E&S casualty leadership
Re/insurer AXA XL has unveiled its new excess & surplus (E&S) casualty product leads in the US, including a senior hire from QBE.
Australia may face category 3 cyclone Owen
Tropical cyclone Owen is forecast to move towards the Queensland coast in Australia and may reach category 3 intensity by Thursday morning, December 13, according the country’s Bureau of Meteorology.
PE firm creates €10m insurtech fund for Europe investments
Private equity firm Odysseus Alternative Ventures (OAV) has partnered with the APICIL Group, a French social protection provider, to create Insurtech Capital I. with a commitment of €10m.
NEAM hires investment specialist for European expansion
New England Asset Management (NEAM) has appointed Rui Wang as an enterprise capital return & risk management professional in London.
SCOR strikes £1.2bn PIC longevity deal
French reinsurer SCOR has completed a £1.2 billion longevity reinsurance deal with Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension funds.
QBE unveils A$200m cost cutting programme
Australia-based insurer QBE is implementing measures targeting more than A$200 million ($144 million) in gross cost savings by 2021.
Aspen shareholders approve $2.6bn Apollo takeover
The shareholders of Bermuda-based Aspen Insurance Holdings have approved the $2.6 billion Aspen acquisition offer by alternative investment manager Apollo.
QBE boosts cat reinsurance protection
Australia-based QBE has reduced catastrophe retention and increased protection against catastrophe severity in its 2019 reinsurance programme.
Willis swoops for Brit, Aon talent in London Market P&C boost
Broker Willis Towers Watson has bolstered its London Market property and casualty arm with senior hires from Brit and Aon.
