News
Insurance
As Prime Minister Boris Johnson started selecting his cabinet yesterday, after being chosen as leader of the Conservative party, his choice of Sajid Javid for chancellor was welcomed by the Association of British Insurers (ABI). 25 July 2019
Insurance
Munich Re is providing support to its Bermuda-based reinsurance subsidiary via excess of retention and excess of loss reinsurance treaty and through a capital contribution of $330 million. 14 May 2018
Insurance
The UK unit of French insurance giant AXA has partnered with pay-by-mile insurtech startup By Miles, which is launching a product aimed at motorists that drive infrequently – typically under 7,000 miles a year. 13 April 2018
Insurance
Insurtechs are at the forefront of the movers and shakers and mould breakers of the re/insurance world. Intelligent Insurer selects its top 25 to watch 1 December 2022
Insurance
Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has acquired Klein Agency, a St. Paul, Minnesota-based surety and property/casualty agency specialising in the construction industry. 4 July 2018
Insurance
Private US property/casualty (P&C) insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, according to Verisk’s ISO and the Property Casualty Insurers Association of America (PCI). 16 October 2018
Insurance
Broker Arthur J Gallagher has acquired a 40 percent equity stake in Indonesian insurance broker and risk management services provider PT IBS Insurance Broking Service, as well as 100 percent of reinsurance broker IBS Re Singapore. 3 December 2018
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has hired Mark Lingafelter, most recently chief underwriting officer (CUO) Asia Pacific for QBE Insurance, to lead its business in Australasia as president. 4 June 2018
Insurance
UK insurer Aviva has appointed Maurice Tulloch as new chief executive officer, replacing Mark Wilson who announced his plan to step down in October 2018. 4 March 2019
Insurance
Insurers and reinsurers exposed to hurricane Michael in Florida are likely to be only modestly impacted by hurricane Michael because of their typically high reinsurance protection, according to KBW. 9 October 2018
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