News
Insurance
Specialist commercial insurer CNA Hardy has appointed Rhonda Buege as head of specialty business unit. 6 July 2018
Insurance
Specialist commercial insurer CNA Hardy has confirmed its plan to exit property treaty, marine hull and construction/erection all risks (CAR/EAR) business on the Lloyd’s platform. 8 October 2018
Insurance
The insurance joint venture of Aviva, Chinese investment company Hillhouse Capital Management and tech firm Tencent Holdings is expected to start operating under its new corporate structure during the first half of 2018. 14 February 2018
Insurance
Axa “made concrete progress” in boosting its gender balance “especially in consistently bringing more women to the top”, the firm’s global HR director Karima Silvent said. 12 March 2019
Insurance
Bermuda-based insurance group Enstar reported a sharp drop in net earnings for the second quarter of 2018 as expenses weighed on the firm’s performance while income declined. 2 August 2018
Insurance
Specialist broker Alesco Risk Management Services has hired Willis' Martin Hiller as chairman of its UK construction team. 23 April 2018
Alternative Risk Transfer
The development and growth of weather risk protection products, in response to increasing awareness of climate change, “feels like the early days of the catastrophe ILS market”, Nephila Climate chairman Barney Schauble has said. 18 June 2019
Insurance
US specialty insurer RLI Corporation was impacted by a $5.5 million net decrease to underwriting income in the second quarter due to volcanic activity in Hawaii, and chief operating officer Craig Kliethermes explained during the results conference call that there is no reinsurance cover available for such catastrophe events. 23 July 2018
Insurance
‘AXA XL incurred an above average level of natural catastrophe claims in the third quarter and early into the fourth quarter, mostly from reinsurance’. 7 November 2019
Insurance
The number of securities class action lawsuits has more than doubled in the past four years, but according to insurer Chubb, the beneficiaries of the payouts are not “harmed investors” but instead its lawyers bringing cases of “dubious merit”. 11 June 2019
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