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Anbang puts Belgian insurer up for sale

Belgium, China, Europe11-07-2018Insurance news

Anbang Insurance Group is exploring the sale of Belgian insurer Fidea, Bloomberg News reported citing people “with knowledge of the matter”.

Lloyd’s profitability push may cause ‘pandemonium’, says MGAA chair

London Market, UK11-07-2018Insurance news, Reinsurance News

Lloyd’s review of underperforming syndicates could cause pandemonium for managing general agents and disruption in many lines of business if it results in syndicates retracting their capacity from unprofitable areas quickly.

Chubb joins blockchain startup BiTA in digital push

Asia Pacific, North America11-07-2018Insurance news, Technology News

Property/casualty insurer Chubb has become an industry association member of the Blockchain in Transport Alliance (BiTA).

Sharp rise in claims for merger-objection litigation

Global, North America11-07-2018Insurance news

The cost of insurance claims for merger-objection litigation has risen “dramatically” in recent years, according to Chubb.

XL Catlin bolsters multinational casualty insurance team

North America11-07-2018Casualty, Insurance news, Reinsurance News

Re/insurer XL Catlin has appointed Stefan Homberger as head of multinational casualty insurance in the US and promoted Arielle Moody as team lead for the US Eastern region multinational casualty group.

Insurers face in excess of $3bn claims from June storms

Global11-07-2018Insurance news, Property cat, Reinsurance News

Severe thunderstorms leading to flash floods and hail across the eastern two-thirds of the US in June led to $4 billion economic losses and $3 billion of claims for insurers, according to Aon’s Global Catastrophe Recap report.

Cat bond issuance volume drops in H1

North America11-07-2018Alternative Risk Transfer News, Insurance news, Property cat, Reinsurance News

Catastrophe bond issuance dropped to $7.4 billion in the first half of 2018 from $8.8 billion issued in the first half of last year as activity in North America halved, according to the PCS H1 2018 Catastrophe Bond Report.

CNA, NN Group help fund $75m insurtech venture fund

London, North America11-07-2018Insurance news, Technology News

MTech Capital has completed the initial closing of the firm’s insurtech venture fund with $75 million of capital commitments from three anchor investors including CNA Financial Corporation, NN Group, and a global insurer.

AXA acquires run-off portfolio of German insurer Gothaer

Europe, Germany11-07-2018Insurance news, Reinsurance News

AXA Liabilities Managers, an AXA Group company specialising in non-life re/insurance legacy acquisitions, has closed its 18th acquisition on the external market with Cologne-based Gothaer Finanzholding.

Allied Insurance Brokers names new president

North America11-07-2018Insurance news, Specialty

Allied Insurance Brokers has appointed Tres Whitlock as its new president.

Showing 71 to 80 of 13973 results

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