The world of insurance—and the wider world beyond that—will be changed by the advent of the driverless or autonomous car, according to Vincent Branch, chief executive of Accelerate at AXA XL.
US-based Marsh & McLennan Companies (MMC) has received the approval of the Federal Trade Commission to acquire UK-based Jardine Lloyd Thompson Group (JLT).
Talanx experienced a large-loss burden in industrial lines between January and September 2018 of more than €260 million which is expected to have exceeded the large loss budget for the entire year.
FedNat Holding Company estimates that its aggregate gross losses as a result of hurricane Michael will be approximately $275 million, the bulk of which will be covered by reinsurance.
AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings, has appointed Ann Haugh as president of its global markets division, based in London, and Rob Smart as the head of Specialty Re.
Industry insured losses resulting from hurricane Michael’s winds and storm surge will range from $6 billion to $10 billion, according to estimates by catastrophe risk modelling firm AIR Worldwide.
Blockchain will lead to new risk assessment models and a new way of looking at data, according to Magdalena Ramada Sarasola, director, insurance consulting and technology, at Willis Towers Watson.
Private US property/casualty (P&C) insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, according to Verisk’s ISO and the Property Casualty Insurers Association of America (PCI).
JLT Group has hired a senior executive from Starr to expand its facultative business in North America, based in JLT Fac’s New York office.
Lloyd's re/insurance broker RFIB Group has appointed Simon McCrum as managing director of Asia Pacific, based in RFIB’s Singapore office that was launched in October last year.