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Insurance
With the National Flood Insurance Program (NFIP) up for renewal, the US flood market could be ripe for the private market to step in—and there is strong interest in this, as Bill Churney, president of AIR Worldwide, told Monte Carlo Today. 12 September 2017
News
Gen Re, a Berkshire Hathaway company, is the latest reinsurer to receive approval (R3 license) from the Insurance Regulation and Development Authority of India (IRDAI) to open a branch in Mumbai. 15 May 2017
Insurance
Independent insurance intermediary Brown & Brown’s Tennessee subsidiary has acquired all of the assets of Nashville-based Spann Insurance Agency. 20 June 2017
Insurance
Moody's Investors Service has changed the outlook for the UK life insurance industry to stable from negative on the expectation of a moderate and manageable impact from Brexit. 20 June 2017
Insurance
Bermuda-based Arch Capital Group said AIG-affiliated shareholders are selling an additional 707,210 common shares in Arch at a public offering price of $92.50 per common share, less underwriting discounts and commission. 20 June 2017
Insurance
Broker Marsh & McLennan Companies’ (MMC) posted growth in both its 2018 and Q4 results as the company’s CEO highlighted the importance of its recent acquisition of Jardine Lloyd Thompson. 31 January 2019
Insurance
Robotics process automation (RPA) has the potential to transform the insurance industry by freeing up resources, reducing turnaround time in operations and improving overall accuracy across many manually-driven functions of the insurance lifecycle, Justin Davies, vice president and regional head of EMEA at Xceedance, told Baden-Baden Today. 24 October 2017
Insurance
Norway's Protector Forsikring, the insurer on the London tower block that has been devastated by fire today (Wednesday June 14), has confirmed that all its property claims in UK and in the Nordic market are covered by Munich Re. 14 June 2017
News
Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2018 with 186 completed deals worldwide, up from 180 in the second half of 2017, according to Clyde & Co’s Insurance Growth Report mid-year update. 1 August 2018
Insurance
Zurich Insurance Group posted a stable set of results for the first nine months of the year with its life business and Farmers Exchanges performing well though its CFO warned on the challenging environment it is seeing on the property/casualty side of things. 8 November 2018
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