News

Insurance

Hot Asia M&A insurance market drives prices

Asia’s mergers & acquisitions (M&A) market is a “very hotly contested area” and this is driving prices up, Aviva Asia chief strategy officer Alex Kimura, told AM Best.   13 March 2018

Insurance

Prudential Corporation Asia names new chief operating officer

Prudential's Asia business has appointed Robin Spencer as chief operating officer (COO).   13 March 2018

Insurance

Barbican hires Standard Syndicate exec for financial lines unit

Barbican Insurance Group has bolstered its financial lines division with the addition of a class underwriter for directors & officers (D&O) liability insurance, joining the business from Standard Syndicate 1884.   13 March 2018

Insurance

Chubb partners with fintech Grab in digital strategy

Property/ casualty insurer Chubb has partnered with Grab, an on-demand transportation and fintech platform in Southeast Asia, as part of its digital strategy to meet growing insurance needs in Asia Pacific.   13 March 2018

Insurance

Zurich creates LatAm hub through acquisition

Zurich Insurance Group has entered into an agreement to acquire 19 Latin American traveller assistance providers operating under the Travel Ace and Universal Assistance brands.   12 March 2018

Insurance

Sompo International reveals new loss control leadership

Bermuda-based property and casualty re/insurer Sompo International has made leadership changes to its loss control division that includes a new hire from Lockton Companies.   8 March 2018

Insurance

AmTrust taps Talbot trio to boost A&H management at Lloyd's

Property/casualty insurer AmTrust Financial Services has build a new management team to expand its accident & health (A&H) Lloyd’s offering and capabilities across its international operations.   7 March 2018

Insurance

AXA ownership will boost XL’s ability to grow its specialty products

XL Group hopes that being owned by AXA will help open up new markets for its specialty products, Gregory Hendrick, XL president, property & casualty, said on a March 5 presentation on the deal.   5 March 2018

Insurance

XL’s reinsurance portfolio and access to capital markets sweeten deal for AXA

One of AXA’s many motives in buying XL Group is the reinsurance portfolio it comes with, which will offer further diversification, and also the access to the capital markets that now comes hand in hand with this.   5 March 2018

Insurance

VIG Re revamps management structure in efficiency push

Czech Republic-based reinsurer VIG Re has realigned its organisational structure and management responsibilities. The changes, which it claims will drive “operational efficiencies”, are effective from April 1, 2018.   5 March 2018

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