News
Insurance
As the renewal season approaches, the airline insurance market is showing definitive upwards movement across all business sectors, according to the latest JLT Aviation newsletter. 15 October 2018
Insurance
Marsh & McLennan’s acquisition of JLT has been on the cards for some time. While the two players complement each other in many areas, Marsh has taken on a lot of debt to finance the deal—which may cause it problems. Intelligent Insurer reports. 12 October 2018
Insurance
Bermuda-based Maiden Holdings as agreed to sell its US facultative business including its team of specialists to Japan-based Sompo Group. 10 October 2018
Insurance
Andrew Brooks, CEO of Ascot Underwriting, has been appointed the next chairman of the Lloyd’s Market Association (LMA) with effect from Jan.1, 2019. 10 October 2018
Insurance
The profitability of London Market insurers is set to remain under pressure in 2018, according to Fitch Ratings. 10 October 2018
Insurance
US-based property/casualty insurer Travelers has teamed up with Amazon to offer smart home solutions through a digital storefront on the electronic commerce giant. 10 October 2018
Insurance
Allianz Group's specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has strengthened its broker relationships team in the UK with a new hire from AIG and a promotion from within. 10 October 2018
Insurance
Chubb has estimated the net losses in the third quarter of 2018 attributable to natural catastrophes globally at $450 million pre-tax, or $372 million after tax. 10 October 2018
Insurance
Maximum sustained winds from Hurricane Michael have increased to near 130 mph (210 km/h) with higher gusts, making Michael a category 4 hurricane as it moves towards Florida, according to the National Hurricane Center (NHC). 10 October 2018
Insurance
Japan’s Sompo is planning for a sharp increase in the profit contribution to the group from its overseas business Sompo International Holdings (SI), Mike McGuire, chief financial officer of Sompo International, said in a presentation. 10 October 2018
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