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XL Group has appointed Brent Hoffman as XL Catlin’s global head of claims, effective immediately, reporting to Paul Jardine, XL Catlin’s chief experience officer. 11 May 2018
Insurance
French insurer AXA has priced its offering of $750 million of bonds mandatorily exchangeable for a number of shares of common stock of its US subsidiary AXA Equitable Holdings (AEH). 10 May 2018
Insurance
The former chairman of China’s Anbang Insurance Group, Wu Xiaohui, has been found guilty of fraud and embezzlement and sentenced to 18 years in prison, according to a Reuters May 10 report. 10 May 2018
News
Bermuda-based Third Point Re made a loss in the first quarter of 2018 as investment income plummeted and underwriting continued producing losses, but CEO Rob Bredahl promised improvements “over time”. 10 May 2018
Insurance
Specialist insurer Beazley grew gross premiums written by 10 percent year on year to $631 million in the first quarter of 2018 driven by the property segment as pricing conditions improved. 10 May 2018
Insurance
Broker Aon has appointed Richard Schuyler as chief executive officer of its Aon Carrier Link distribution channel. 10 May 2018
Insurance
Insurance holding CNO Financial Group has appointed Daniel Maurer as chairman of the board at the company's annual shareholders’ meeting. 10 May 2018
Insurance
Thousands of London taxi and minicab drivers received a text message telling them their insurance had been cancelled, BBC News reported on May 9. 9 May 2018
Insurance
Prudential Financial unit Prudential Retirement has struck a longevity reinsurance agreement with Pension Insurance Corporation. 9 May 2018
Insurance
American International Group (AIG) had a disappointing start to 2018 as results missed expectations and caused the share price to dive, but CEO Brian Duperreault promised during the May 3 first quarter 2018 results call that the company is on track to address the issues in general insurance and deliver double-digit return on equity (ROE). 9 May 2018
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