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Insurance
US property/casualty (P&C) insurer Chubb has included a provisional tax benefit of $450 million in its fourth quarter 2017 results related to the 2017 US tax reform. 31 January 2018
Insurance
The rapid growth of cyber threats has created challenges for the insurance industry in developing underwriting talent, acquiring claims data, establishing modelling techniques and securing reinsurance capacity, according to the International Underwriting Association of London (IUA). 31 January 2018
Insurance
Brian MacLean, president and chief operating officer of property/casualty insurer The Travelers Companies is retiring after 30 years with the company, effective March 31, 2018. 18 December 2017
Insurance
Sirius International Insurance Group is in negotiations to raise around $400 million in equity to help shoulder acquisitions and prepare for an IPO. 14 March 2018
Insurance
The Chartered Insurance Institute (CII) has analysed all 192 insurers, intermediaries, service providers, financial advisors and loss adjusters in the UK who have published pay gap data, and identified an average gender pay gap of 24 percent (measured as median hourly difference). 16 July 2018
Insurance
The insurance industry in the midst of a customer-led revolution – and the players best equipped to adjust and put customers at the heart of what they do will be the ones that will prosper, Mario Greco, group chief executive of Zurich Insurance, wrote in his foreword in the insurer’s annual report for 2017. 9 March 2018
Insurance
The shareholders of re/insurance broker Jardine Lloyd Thompson Group (JLT) have approved the $6.4 billion acquisition deal of JLT by Marsh & McLennan Companies (MMC). 7 November 2018
Insurance
Bermuda-based property /casualty re/insurer Sompo International has unveiled plans to launch a new European specialty insurance underwriting operation in Barcelona run by two senior executives it has hired. 6 March 2018
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
New Zealand-based Tower has been impacted by severe and unprecedented weather and a settlement of a Peak Re dispute resulting in a half year loss of NZ$11.6 million ($8.04 million) for the half year ended March 31, 2018 compared to a loss of NZ$8.2 million in the same period a year ago. 30 May 2018
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