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Insurance
Guy Carpenter's revenue grew 7 percent year on year on an underlying basis to $637 million in the first quarter of 2018 and the pipeline remains strong, CEO Peter Hearn said during Marsh & McLennan’s first quarter results conference call. 27 April 2018
Insurance
AXA Insurance has teamed up with Cobalt Underwriting to create a new Shariah-compliant insurance product for the real estate sector to be distributed via brokers. 27 April 2018
Insurance
Allianz specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS) has partnered with Israel-based drone safety systems company ParaZero as the market grows rapidly in the US. 27 April 2018
Alternative Risk Transfer
Insurance-linked securities (ILS) investors are reloaded and ready for the 1 June 2018 Florida renewals after significant losses in the second half of 2017 which saw record natural catastrophes from hurricanes, earthquakes, and wildfires in North America, according to the latest ILS Market Update by Willis Towers Watson Securities. 27 April 2018
Insurance
Reinsurance Group of America (RGA) reported a drop in net income to $100.2 million in the first quarter of 2018 compared to $145.5 million in the same period a year earlier. 27 April 2018
Insurance
French insurer AXA has received $3.2 billion following the completion of its reorganisation transactions ahead of the planned initial public offering (IPO) of its US operations. 26 April 2018
Insurance
As part of AXIS Capital’s transformation initiative to strengthen its operating model, the firm expects to deliver an additional run-rate cost savings of $40 million over the previously announced $60 million related to the integration of Novae, the company said while presenting the first quarter 2018 results. 26 April 2018
News
At the April 1, 2018, renewals, SCOR Global P&C grew gross written premiums by 13.5 percent at constant exchange rates to €505 million, the company said while presenting the first quarter 2018 results. 26 April 2018
Insurance
Getting the basics right is vitally important as insurance technology accelerates, according to a panel of industry experts at the Intelligent Automation in Insurance: unlocking the artificial intelligence revolution conference, taking place in London today. 26 April 2018
Insurance
The impact of automation on the insurance industry is happening at a staggering pace, according to Michael Donnellan, executive business process services leader at DXC Technology. 26 April 2018
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