Swiss Re completes Sfr1bn share buy-back programme
Swiss Re has completed its Sfr1 billion (£771 million) public share buy-back programme, which it launched in March 2018 as a way to return excess capital to shareholders.
POP strikes M&A deal with Japanese insurer Rakuten to target Asia Pacific
Australia-based specialist insurer POP Insurance Holdings has launched a strategic partnership with Japanese property/casualty insurer Rakuten General Insurance.
Charles Taylor opens Belgium office, targets growth in Europe
International loss adjuster Charles Taylor Adjusting (CTA) has opened a new office in Belgium to expand its property/casualty offering in Europe.
Apollo appoints Cloutier as Aspen CEO, reshuffles board as it closes $2.6bn acquisition
Alternative investment manager Apollo has unveiled Mark Cloutier as the new executive chairman and group chief executive officer of Aspen and made other leadership changes.
UK government invests £13M in 40 AI and data analytics projects
The UK government will invest some £13 million in 40 projects involving artificial intelligence (AI) and data analytics in an attempt to boost the UK accountancy, insurance and legal services industries.
UK insurtech investment jumps to $1bn in 2018, declines globally
Insurtech investments in the UK jumped nearly 20 percent in 2018 whilst the overall global investment levels declined year-on-year by almost half, according to a KPMG report.
Enstar finalises reinsurance-to-close transaction with AmTrust at Lloyd's
Bermuda-based insurance group Enstar's Lloyd’s managing agency has completed four reinsurance-to-close transactions with AmTrust Syndicates.
Aon: cyber threat to rise in 2019 as 5G and internet of things grow
The growth of the ‘internet of things’ (IoT) and the rollout of 5G will make businesses more vulnerable to cyber attacks this year, Aon has warned in its 2019 Cyber Security Risk Report: "What's Now and What's Next".
Brit’s Wilson sees firm enter 2019 with ‘premium rates trending upwards’
Specialty re/insurer Brit has reported healthy upward trend in gross premiums as it heads in to 2019, Matthew Wilson, group chief executive officer, said in the company's 2018 results.
Allianz posts record €11.5bn operating profit despite "strong market volatility"
German insurance giant Allianz posted a record operating performance in 2018, reaching the upper end of its target. It also expects to generate a larger profit in 2019, provided there are no unforeseen performance interruptions.
