Protective Life Corporation, a wholly owned US subsidiary of Dai-ichi Life Holdings, agreed with Lincoln Financial Group to acquire via reinsurance the individual life and annuity business of Liberty Life Assurance Company of Boston.
Industrial lines insurer HDI Global has hired a KPMG executive as its new chief financial officer and a member of its management board.
The performance of the commercial automobile insurance segment in the US has lagged that of other property/casualty (P&C) industry sectors for several years and continued to deteriorate through the third quarter of 2017, according to AM Best.
RenaissanceRe Ventures, a subsidiary of Bermuda-based re/insurer RenaissanceRe, has signed a definitive agreement to acquire a minority shareholding in run-off consolidator Catalina.
The financial impact of windstorm Friederike is likely to reach into the hundreds of millions of euros, according to Aon’s Jan. 19 Weekly Cat Report.
American International Group (AIG) has hired Ed Barron from PricewaterhouseCoopers (PwC) as head of international government affairs, based in London.
UK-based insurance services provider Thomas Miller is acquiring marine consultancy Brookes Bell.
ClimateWise, a group of 28 leading re/insurance organisations, has appointed Aon Benfield's Dominic Christian to replace Aviva's Maurice Tulloch as its new chairman.
US life/annuity insurers have increased the aggregate face amount of policies ceded to reinsurers by 83 percent since 2006, to $28 trillion, according to AM Best.
The 2017 US Tax Cut and Jobs Act brings with it both opportunities and challenges for the US property/casualty (P&C) insurance industry, according to a new analysis by Conning.