News
Insurance
California’s insurance commissioner has issued a Cease and Desist Order against Access Insurance Company, which requires the company to immediately stop transacting, soliciting, negotiating, or administering and writing any new or renewal insurance business of any kind in the state of California. 7 March 2018
Insurance
XL Group hopes that being owned by AXA will help open up new markets for its specialty products, Gregory Hendrick, XL president, property & casualty, said on a March 5 presentation on the deal. 5 March 2018
News
Advances being made by insurtech will be fundamental to the industry going forward and is a key part of the strategy of broker Ed for this reason, Jonathan Prinn, group head of broking at Ed, told Baden-Baden Today. 22 October 2018
News
Broker BMS is looking to collaborate with its suppliers and insurers to ensure it maximises the potential of insurtech solutions, and it has set up a new unit dedicated to achieving this, Adam Stafford, the chief operating officer of BMS Group, told Baden-Baden Today. 22 October 2018
Insurance
Assurant, a provider of risk management solutions, and The Warranty Group, a provider of protection plans and related programmes and a portfolio company of TPG Capital, have amended the structure of their $2.5 billion transaction, previously announced on October 18, 2017. 9 January 2018
Insurance
Hannover Re is expecting significant property/casualty (P&C) rate increases, particularly in the regions affected by recent hurricanes in North America, but also elsewhere in the upcoming renewals. 20 October 2017
Insurance
Lancashire Holdings sustained heavy losses in the fourth quarter but returned to profit in 2018 and improved its combined ratio. 14 February 2019
Insurance
Global loss adjuster McLarens has promoted John Cupitt as head of its global marine division. 19 July 2017
Insurance
Reinsurance broker and consultant JLT Re North America has appointed Greg Messenger as executive vice president in Chicago, Illinois. 19 May 2017
Insurance
Italian insurer Generali wants to invest around €1 billion in internal strategic initiatives for innovation and digital transformation as part of its 2021 three-year strategic plan. 21 November 2018
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