News
Insurance
Tower Insurance, a part of RSA Group, has appointed Emmet McQuillan as managing director, succeeding Peter Gallagher who has led the Isle of Man-based insurer for nine years. 5 June 2018
Insurance
RSA Insurance Group has received licence approval for its new insurance subsidiary in Luxembourg from the regulator Commissariat aux Assurances (CAA). 5 June 2018
Insurance
London-based Envelop Risk, a newly-launched global specialty cyber insurance analytics and underwriting firm, has appointed former chairman and CEO of XL Capital (now XL Group) Brian O’Hara to its board of directors. 31 May 2018
News
Berkshire Hathaway became the world's third-largest reinsurer in 2017 driven by the $10.2 billion American International Group (AIG) deal, pushing Hannover Re and SCOR to fourth and fifth place, respectively, according to S&P Global Market Intelligence. 29 May 2018
Insurance
London-based specialty insurer Newline Group is launching its post-Brexit European Union insurance hub in Cologne, Germany. 29 May 2018
Insurance
French insurer AXA has designed a new car insurance cover in collaboration with ridesharing platform BlaBlaCar. 29 May 2018
Insurance
Flock, a London-based startup that wants to use of real-time data in insurance, has raised a£2.25 million seed funding round from a range of global investors. 29 May 2018
Insurance
American International Group (AIG) has expanded its presence in the pension risk transfer market after reaching agreements on the two largest plan termination transactions of 2017. 29 May 2018
Insurance
Specialty re/insurer Brit has hired Hiscox and The Hartford executives to bolster its Brit Global Specialty USA (BGSU) professional liability team. 29 May 2018
Insurance
The inability of the reinsurance sector to materially raise rates after 2017's major catastrophe losses shows that the traditional catastrophe reinsurance business model is "permanently" impaired, which, along with other factors, should drive sustained consolidation, according to KBW analysts. 25 May 2018
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