News
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
Insurance
The London Insurance and International Brokers Association (LIIBA) is calling for its members to prepare for the possibility that the UK will leave the EU without a trade deal. 25 July 2018
Insurance
Randall & Quilter Investment Holdings (R&Q) has revealed its first transaction with a self-insurer in California, and a captive reinsurance transaction for a large US corporate airline. 11 June 2018
News
Japanese conglomerate Softbank Group continues to hunt for ways to accelerate the digital upheaval in the insurance industry, including tie-ups with unspecified reinsurance players, said David Thevenon, dealmaker of the company’s Vision Fund, according to a Reuters Oct. 16 report. 18 October 2018
Insurance
Claude Lefebvre, chief underwriting officer, partnerships & casualty reinsurance at Hamilton Re and co-founder of the company is leaving the firm “to pursue other interests,” according to a company statement. 23 March 2018
Insurance
Paul Jardine, previously Catlin’s chief operating officer and now responsible for XL Group’s communications & marketing function, claims and distribution strategy, is the favourite candidate for Inga Beale’s successor as CEO of Lloyd’s of London, according to a survey by Intelligent Insurer. 6 July 2018
Insurance
Powerful thunderstorms led to extensive damage across parts of the Central and Eastern United States from June 29 to July 4, causing economic and insured losses expected to well exceed $100 million, according to Aon’s Weekly Cat Report. 6 July 2018
Insurance
Italian insurer Assicurazioni Generali has acquired 510 million of ordinary shares of Italian bank Intesa Sanpaolo, equal to 3.04 percent of its overall share capital to block a potential takeover move. 20 February 2017
Insurance
Risk modelling and analytics firm RMS has promoted Reed Birnbaum as chief financial officer (CFO), from his prior post of senior vice president, finance and analytics. 24 July 2018
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