News

Insurance

AXA XL to cut 711 jobs in Europe as it begins major restructuring

Re/insurer AXA XL will slash 711 jobs from its European businesses as part of a major restructuring plan following its integration with the XL Group.   12 February 2019

Insurance

RAC trialling a mileage-based car insurance product

The collaboration has led to the RAC taking a stake in insurtech Wrisk.   19 November 2019

Insurance

ABIR picks Hamilton's Albo as deputy chair, Catlin's Convex as newest member

The Association of Bermuda Insurers and Reinsurers (ABIR) has elected Hamilton CEO Pina Albo as its deputy chair, and added Stephen Catlin and Paul Brand's newly launched specialty re/insurer Convex Group to its membership.   18 July 2019

Insurance

SCOR gets green light for new P&C specialty firm

Reinsurer SCOR has received the French supervisory authority's approval for SCOR Europe SE, the new Paris-based P&C specialty insurance company it is creating to ensure business continuity post Brexit.   22 November 2018

Insurance

Low interest rates bigger worry for insurers than no-deal Brexit: S&P

Prolonged lower interest are rates a bigger worry than Brexit for insurers.   8 October 2019

Alternative Risk Transfer

Pool Re seeks more reinsurers to back its retro programme

Pool Re, the UK’s state-backed terrorism reinsurer, wants to increase the number of reinsurers willing to participate on its retrocessional placements and the number of investors willing to support its ILS programme as it cannot buy as much capacity as it would like.   10 September 2019

Insurance

Aon appoints new head of UK claims from Marsh

Re/insurance broker Aon has appointed Richard Moxon as head of UK claims at Aon Risk Solutions.   20 June 2018

Insurance

CEOs reveal top industry concerns

Regulation, a lack of relevance and insufficient disaster risk planning are the largest concerns among the world’s leading CEOs.   24 June 2014

Insurance

Fannie Mae completes $11.7bn multifamily mortgage risk transaction

Fannie Mae, the US government-backed financial institution that provides liquidity to the US mortgage markets by buying mortgages from lenders, has completed a multi-tranche credit insurance risk transfer (CIRT) transaction that covers a pool of $11.7 billion of multifamily loans.   28 March 2019

Insurance

Swiss Re partners with insurtech OZON to launch SME cyber cover

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has launched an innovative risk management product that combines insurance with cyber attack protection services.   5 February 2019

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