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Insurance
The procedure and the methods used by Covéa CEO Thierry Derez and Covéa to take over SCOR as well as their renewed expressions of interest after the bid has been rejected, “can only be considered as hostile and unfriendly, and are significantly disrupting the functioning of the company,” SCOR said in a corporate statement while insisting that Derez should resign from SCOR’s board. 28 September 2018
Insurance
UK-based Direct Line has seen its operating profit in the motor business more than double in 2017 after UK’s Ogden personal injury discount rate change, boosting overall results, but reinsurance cost also increased at January 2018 renewals. 27 February 2018
Insurance
Specialty property/casualty insurer AmTrust Financial Services said on Oct. 3 that it expects net losses for the third quarter of 2017 from natural catastrophes of between $40 million and $65 million. 4 October 2017
Insurance
Eos Venture Partners, a specialist venture capital investor, is launching a new $100 million fund targeting early and growth stage insurtech ventures, which will allow insurers to invest in the insurtech sector indirectly and gain access to potentially transformative technology, Intelligent Insurer can reveal. 11 April 2018
Insurance
AXIS Insurance, a business segment of Bermuda-based AXIS Capital Holdings, has promoted Brad Randell to head of Canada insurance and chief agent, Canada. 19 July 2018
Insurance
The board of directors of North and Sunderland Marine has agreed that a subsidiary insurance company should be established in Ireland to underwrite all future European Economic Area (EEA) business with effect from Feb. 20, 2019. 20 November 2017
Insurance
Everest Re has unveiled a strategic alliance between its US crop insurance unit, Heartland Crop Insurance, and Global Ag Risk Solutions (GARS). This new partnership will deliver GARS production cost Insurance to farms across the US through Heartland agents. 11 February 2016
Insurance
Fairfax Financial and Mitsui Sumitomo Insurance Company have unveiled a global strategic alliance that revolves around the latter buying the majority of Singapore-based First Capital Insurance from Fairfax but which also has wider implications for the way the two companies manage their reinsurance buying. 24 August 2017
Insurance
There’s a fundamental problem in the insurance industry: consumers no longer trust insurers. 27 September 2017
Insurance
Property/casualty insurer Chubb has appointed Louisa Lombardo as head of diversity and inclusion (D&I) for Europe, Eurasia and Africa. 27 September 2017
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