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Insurance
UK-based Aviva said that it has completed the sale of its 50 percent shareholding in life insurance and pension joint ventures Unicorp Vida and Caja España Vida, as well as its retail life insurance business Aviva Vida y Pensiones, to Santalucía Compañía de Seguros y Reaseguros. 18 September 2017
Insurance
Combined industry insured losses for Hurricane Irma for the US and the Caribbean will range from $32 billion to $50 billion, according to estimates from catastrophe modelling firm AIR Worldwide. 18 September 2017
Insurance
China’s internet-only ZhongAn Online Property and Casualty Insurance plans to add life insurance and other healthcare products to the range of policies it offers to accelerate growth after going public in Hong Kong, Reuters reported on Sept. 17. 18 September 2017
Insurance
Global marine underwriting premiums for 2016 fell to $27.5 billion, a 9 percent reduction on the figure reported for 2015, the International Union of Marine Insurance (IUMI) said on Sept. 18. 18 September 2017
Insurance
Bermuda-based specialist insurer Hiscox expects net claims of approximately $150 million from Hurricane Harvey. 18 September 2017
Insurance
Insurer RSA has hired the CEO of AXA Corporate Solutions UK to become managing director of its French unit. 15 September 2017
Insurance
“Change may indeed be inevitable. Successful change, however, is not.” That was the winner of our quote of month competition in August. Here, with that in mind, we introduce the first Editor’s Choice Awards in which we identify the companies, ventures and individuals best equipped to make change successful. 14 September 2017
Insurance
Lloyd’s is exploring the possibility of issuing insurance-linked securities (ILS) using new regulations that will allow them to be issued from the UK to protect the market, Inga Beale, chief executive of Lloyd’s, told Monte Carlo Today. 13 September 2017
Insurance
Allianz is pondering whether it should buy more cyber coverage, Amer Ahmed, CEO of Allianz Re, which handles the insurer’s reinsurance buying programme, told Monte Carlo Today. 13 September 2017
Insurance
Despite the fact that scenarios similar to hurricanes Irma and Harvey had been included in underlying models, prices have not reflected the risk—and this must now change, Umberto Gavazzi, SCOR’s chief underwriting officer, treaty P&C, told Monte Carlo Today. 13 September 2017
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