News
Insurance
Richard Milner, formerly president and chief underwriting officer of AXIS Re London & Asia-Pacific has joined VIBE Reinsurance (VIBE Re) as its first CEO. 6 December 2018
Insurance
Swiss Re Corporate Solutions has appointed new leaders for its global casualty and excess & surplus (E&S) North American business lines. 6 December 2018
Insurance
American International Group (AIG) is expecting natural catastrophes to cost the insurer between $750 and $800 million pre-tax in the fourth quarter of 2018, CEO Brian Duperreault said during a Dec. 5 Goldman Sachs US Financial Services Conference. 6 December 2018
Insurance
Specialty insurer Beazley expects the cost of claims arising from the 2018 California wildfires to be around $40 million, net of reinsurance. 6 December 2018
Insurance
Reinsurance, wholesale and specialty broker Ed has hired Willis Re executive Jo Kendall as head of catastrophe and exposure management. 6 December 2018
Insurance
The Insurance Regulatory Authority of India (IRDA) has rejected the proposal of Prem Watsa-owned Fairfax India Holdings to acquire India-based reinsurance firm ITI Reinsurance, according to a December 4 report by the Indian Express. 6 December 2018
Insurance
Zurich Insurance Group wants to improve the performance of its commercial insurance business in North America in order to lower the combined ratio of its overall operations in the region. 5 December 2018
Insurance
Chubb believes that it can achieve more than $350 million in savings by year-end 2022 and $500 million by year-end 2023 through the use of robotics and artificial intelligence (AI) as it eliminates low-value activities, according to a December 2018 investor presentation. 4 December 2018
Insurance
National Mortgage Insurance Corporation (NMIC) has reduced its cession rate for its 2019 new insurance written (NIW) for its existing quota share reinsurance treaty (QSR) to 20 percent from 25 percent in 2018. 4 December 2018
Insurance
The Lloyd’s Lab has launched a new global search for the next cohort of insurtech innovators. 4 December 2018
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