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Insurance
The Property Casualty Insurers Association of America (PCI) and the American Insurance Association (AIA) are in negotiations to merge the two US-based organisations, according to a joint statement. 22 June 2018
Insurance
US personal lines insurer Allstate Corporation estimated catastrophe losses for the month of May 2018 at $278 million, pre-tax ($220 million after-tax). 22 June 2018
News
German reinsurer Munich Re is in talks to sell its asset management division to US fund manager Guggenheim Partners, Reuters reported on June 21 citing a person familiar with the matter. 22 June 2018
Insurance
Re/insurer XL Catlin has launched its specialty aviation insurance offering in Mexico. The new product suite will initially focus on general aviation hull and liability risks. 22 June 2018
Insurance
New York-based Oscar Health, a technology-focused health insurance company, has announced its plans to expand into six new markets across Florida, Arizona, and Michigan — and three additional large metro areas in Ohio, Tennessee, and Texas. 22 June 2018
Insurance
AmTrust Financial Services stockholders have, at a special meeting held today, June 21, 2018, approved the proposed amended merger transaction which will take the insurer specialized in the coverage for small businesses private. 21 June 2018
Insurance
Property/casualty (P&C) CEO bonus payments increased to 393 percent of salary in 2017 from 225 percent of salary in 2016, according to a study by consulting firm Compensation Advisory Partners (CAP). 20 June 2018
Insurance
Run-off specialist Enstar Group is pondering a sale of Atrium Underwriting, which writes business through Lloyd’s syndicate 209, and StarStone Insurance, its speciality insurance unit with a global presence. 19 June 2018
Insurance
Barbican Insurance Group has appointed Lauren Webb as a class underwriter for cyber within Lloyd’s Syndicate 1955. She joins from property/casualty insurer Chubb. 19 June 2018
Insurance
Lloyd’s Lab, the global insurance market’s new innovation accelerator, has launched a global search for what it describes as tech talent to partner with the Lloyd’s market and develop solutions for its unique and rapidly changing needs, in a fast-track, fast-fail environment. 19 June 2018
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