News
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
Liberty Specialty Markets (LSM), a part of Liberty Mutual Insurance, has appointed Bas Wijnhoven to the new role of senior underwriter – directors and officers (D&O) and crime for the Netherlands. 27 November 2017
Insurance
Hedgehog, a new online motor insurance provider targeting drivers who face higher than average premiums has been launched in Gibraltar. 24 September 2018
News
A report by the UK’s Financial Conduct Authority (FCA) that will assess competition in the wholesale insurance broker sector dominate the International Underwriting Association’s (IUA) agenda, alongside Brexit, in 2019, the representative body has said. 28 January 2019
Insurance
Arthur J Gallagher has appointed Simon Matson, currently head of Gallagher’s London Market and Alesco businesses, as the new CEO of its UK-based brokerage and underwriting division. 18 June 2018
Insurance
Bermuda-based PartnerRe has revealed that it will exit the upstream energy insurance market having signed a deal to transfer its book of business to Ark Syndicate Management. 9 March 2018
Insurance
In the absence of clarity as to what a future trade deal will look like between the UK and the EU, affected insurers have accelerated their plans to establish new EU subsidiaries, according to AM Best. 3 August 2018
Insurance
UK-based insurer Aviva said on May 25 that it will start a share buy-back of its ordinary shares for up to a maximum consideration of £300 million. 25 May 2017
Insurance
Changes the International Accounting Standards Board (IASB) could make to IFRS 17 Insurance Contracts could help ensure reinsurance remains attractive as a risk mitigation tool and avoid unintended consequences such as raising barriers for new entrants, it has been claimed. 24 January 2019
Alternative Risk Transfer
Insurance-linked securities (ILS) investors are reloaded and ready for the 1 June 2018 Florida renewals after significant losses in the second half of 2017 which saw record natural catastrophes from hurricanes, earthquakes, and wildfires in North America, according to the latest ILS Market Update by Willis Towers Watson Securities. 27 April 2018
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