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Insurance
The number of M&A insurance claims is increasing and large transactions are proving to be riskier with the average pay-out topping $20 million, according to a study of representation and warranty (R&W) claims by American International Group (AIG). 20 April 2017
Insurance
XL Catlin has introduced an accident and health (A&H) solution, ‘Protect and Assist’, which is designed to help UK businesses protect its employees and meet duty and care needs against emerging risks and heightened security threats. 20 April 2017
Insurance
The global insurance industry is likely to see slightly increased growth by 2018 driven by better economic prospects in the US and in many emerging markets which will offset negative factors such as declining growth in the Chinese market, according to Munich Re. 20 April 2017
Insurance
Profits at Randall & Quilter, the Bermuda based specialist non-life insurance investor, almost tripled last year on the back of it completing 15 legacy transactions during 2016 and further net reserve releases from insurance companies in run-off. 20 April 2017
Insurance
American International Group (AIG) has said it anticipates that the recent decision by the UK Ministry of Justice to reduce the discount rate applied to lump-sum bodily injury payouts, known as the Ogden rate, will cost it some $100 million in its first quarter of 2017. 20 April 2017
Insurance
US-based global insurance distributor AmWINS Group has signed a definitive agreement to acquire wholesale brokerage firm Partners Specialty Group. 20 April 2017
Insurance
Pioneer Underwriters, the underwriting group within Minova Insurance, has expanded its miscellaneous errors and omissions (E&O) division with two new appointments. 20 April 2017
News
Aggregate shareholders’ funds for companies included in the Willis Re Index, which examines the results of the world’s biggest reinsurance groups, increased by 4 percent to $344.1 billion as at 31 December 2016, according to the latest Reinsurance Market Report from Willis Re. 20 April 2017
Insurance
US insurer WR Berkley Corporation has appointed the lead equity analyst covering insurance at Goldman Sachs to join its corporate investment arm as a director. 20 April 2017
Insurance
Re/insurer XL Catlin has raised its terrorism insurance coverage limits to $250 million in the US on the back of what it said was businesses’ increased concerns about potential terror risks. 20 April 2017
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