News
Insurance
Generali Global Assistance, a division of the Europ Assistance Group, has acquired a 100 percent stake in travel insurance managing general agent (MGA) Trip Mate from Arthur J Gallagher. 6 February 2019
Insurance
Broker Willis Towers Watson has appointed Tammy Richardson to take on the role of UK and Ireland leader for life and property and casualty (P&C) in the company’s insurance consulting and technology business. 1 May 2019
Insurance
Bermuda insurance group Enstar made a net loss of $16 million in the third quarter of the year compared with a net profit of $39 million a year earlier; for the first nine months, the comparable figures were a net loss of $48.9 million versus a profit of $183.9 million the year before. 8 November 2018
Insurance
Ascent Underwriting, a London-based cyber and specialty lines MGA, has hired a new head of cyber from Brit Insurance. 2 October 2018
Insurance
Broker Aon has recorded organic revenue growth in the reinsurance solutions business of 6 percent year on year in the first quarter of 2018 after 4 percent in the same period of 2017. 4 May 2018
Insurance
S&P Global Ratings said the less generous than expected minus 0.25 percent Ogden discount rate announced yesterday is ‘just a bump in the road’ for UK motor insurers. 16 July 2019
Insurance
It aims to cut lost revenue in the UK commercial property insurance sector. 27 April 2021
Technology
Cyber is a peril that carriers are anxious to get a good handle on. The challenge is that cyber threats are evolving all the time, making the attacks and subsequent losses hard to pin down in policy wordings. Pamela Negosanti, head of sector strategy, Financial Services and Insurance (FSI) at expert.ai, reveals why cyber is so difficult to underwrite without ambiguity, and how artificial intelligence and natural language understanding may be key to understanding the details. 26 April 2021
Insurance
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
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
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