News

Insurance

Head of China's insurance regulator under investigation

The head of China's insurance regulator is being investigated for suspected disciplinary violations, according to several media publications.   10 April 2017

Insurance

Validus faces $0.4bn nat cat loss in Q3

Bermuda-based Validus Holdings said on Oct. 9 that it expects to record losses from third quarter natural catastrophes in the amount of $378.9 million.   10 October 2017

Insurance

Zurich acquires QBE Latin American operations

Zurich Insurance Group has entered into an agreement to acquire the operations of Australian insurer QBE in Latin America for a total aggregate price of $409 million.   26 February 2018

Insurance

QBE Australia and New Zealand appoints first chief customer officer

Re/insurer QBE Australia and New Zealand has appointed Bettina Pidcock as its first chief customer officer.   29 June 2017

Insurance

Aegon closes US run-off business sale to Wilton Re

Netherland-based insurer Aegon has completed its divestment transaction with Wilton Re, a company focused on the North American life insurance market.   29 June 2017

Insurance

US motor insurance net losses to grow in 2017: Report

Private auto net incurred losses will increase by nearly 7 percent in 2017 to a new record of approximately $154 billion, reflecting elevated volume and costs of claims, according to the third annual US Property & Casualty Insurance Market Report by S&P Global Market Intelligence.   29 June 2017

Insurance

AXIS taps Western World exec to lead primary casualty in US

AXIS Insurance, part of Bermuda-based AXIS Capital Holdings, has appointed James DeSimone as senior vice president to lead its primary casualty business in the US Northeast and Midwest regions.   28 June 2017

Insurance

Marsh CEO expects faster growth through JLT acquisition

Broker Marsh & McLennan Companies (MMC) CEO Daniel Glaser expects that the group will accelerate the pace of growth through the Jardine Lloyd Thompson Group (JLT) acquisition.   18 September 2018

Insurance

Ironshore appoints chief claims officer for environmental unit

Bermuda-based insurer Ironshore has promoted Thomas Duggan as chief claims officer of its environmental unit, overseeing specialty market claims management and processes throughout its global platform.   6 April 2017

Insurance

Global insured losses from disasters fall in H1 2017

Global insured and economic losses declined year on year in the first half of 2017, according to preliminary sigma estimates.   17 August 2017

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