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Insurance
Re/insurance legacy specialist Compre has revealed that its founding director Nick Steer is stepping down as group CEO, effective March 2018. 4 December 2017
Insurance
Spain-based Mapfre will pay out more than €1.1 billion to its clients in relation to the natural catastrophes occurred in the third quarter of 2017 and has announced a reorganisation of its international business and a reduction of its US presence. 4 December 2017
Insurance
Supermarket chain Wm Morrisons has been found liable for a former employee leaking personal information about almost 100,000 members of staff in what is seen as a landmark case for data risk. 4 December 2017
Insurance
Florida’s Citizens Property Insurance Corporation has closed nearly two-thirds of the 62,000 Irma-related claims but retains $6.4 billion in surplus as the hurricane season ends. 4 December 2017
Insurance
Insurer Alliant has hired Charlie Long for its energy and marine group, where he will provide targeted solutions to the company’s international client base. 4 December 2017
Insurance
Specialist niche-product managing general agent (MGA) Ascent Underwriting has extended its cyber offering to cover social engineering and computer crime, and provide modules of coverage on a nil deductible basis. 4 December 2017
Alternative Risk Transfer
A UK government cross-party committee has approved the Risk Transformation Regulations 2017 and the Risk Transformation (Tax) Regulation 2017, which are aimed at establishing London as a hub for insurance-linked securities. 30 November 2017
Insurance
Property/casualty insurer Chubb has revealed its preliminary fourth quarter loss estimates from natural catastrophes of approximately $320 million before taxes (or $249 million after tax). 30 November 2017
Insurance
Genworth Financial and China Oceanwide Holdings have agreed to terminate their previously announced merger agreement and extended the previous deadline of November 30 to April 1, 2018, allowing for additional time for regulatory reviews of the transaction. 30 November 2017
Insurance
Allianz Insurance has appointed Dave Gill to the role of head of operations. 30 November 2017
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