News
Insurance
Bermuda-based Third Point Re has not made an underwriting profit in the past five years but CEO Robert Bredahl has now revealed a strategy to improve underwriting performance and push the combined ratio below 100 percent. 28 March 2018
Insurance
Bermuda-based AXIS was hit hard by natural catastrophes 2017 but CEO Albert Benchimol believes that the financial impact of the year’s challenges on the company do not explain the 23 percent drop in the firm’s share price and suggested that it was further exacerbated by questions relating to the Novae acquisition. 27 March 2018
Insurance
Swiss Re has appointed Claudia Cordioli to lead its reinsurance business in Western and Southern Europe. 27 March 2018
Insurance
Specialist insurer Markel International has appointed David Crozier to be president of its Canada business that includes offices in Toronto, Montreal, Calgary and Vancouver. 27 March 2018
Insurance
Consequences of advances in the digital applications involved with naval architecture and the operation of vessels are worrying the insurance sector. 27 March 2018
Insurance
General insurers in the UK are general face higher operating costs due to IT investments, ongoing regulatory changes and a marked increase in headcount and training, according to the latest CBI/PwC financial services survey. 27 March 2018
Insurance
Insurance firm Starr Companies has signed an agreement with insurtech startup SkyWatch to offer usage-based insurance to the drone industry. 27 March 2018
Insurance
Hank Greenberg, the former chairman of American International Group (AIG) now the chairman and CEO of the Starr International, has failed in a bid to rekindle a long-standing lawsuit in which he is arguing that the federal government illegally bailed out AIG during the 2008 financial crisis at the expense of shareholders. 27 March 2018
Insurance
US-based Assurant, a provider of risk management solutions, will move closer to completing its acquisition of The Warranty Group, a provider of protection plans, for some $2.5 billion if it succeeds in completing a $900 million senior debt sale this week. 27 March 2018
Insurance
Broker Ed has bolstered its risk solutions team by hiring the former head of US property at Lloyd & Partners. 27 March 2018
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