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Insurance
NN Group, a Dutch insurance and asset management company, has appointed Satish Bapat as CEO of NN Investment Partners and as a member of the group's management board. 16 February 2017
Insurance
CNA, the commercial insurance provide, has appointed Scott Weber to fill a newly-created senior vice president (VP) role within its worldwide property and casualty (P&C) claim unit. 16 February 2017
Insurance
Sapiens International, a global provider of software solutions for the insurance industry, has acquired StoneRiver for an all-cash deal of $102 million to expand its footprint in the US property/casualty (P&C) market. 16 February 2017
Insurance
If California’s Oroville Dam were to fail completely, 50,047 single- and multi-family residential homes could be damaged with an estimated reconstruction cost value (RCV) of $13.3 billion, according to CoreLogic, a data and analytics provider. 16 February 2017
Insurance
Dutch NN Group reported a 24 percent drop in net results to €1.19 billion for 2016 ahead of its planned acquisition of rival Delta Lloyd. 16 February 2017
Insurance
A €894 million provision for the Fortis settlement impacted Ageas' 2016 results, driving group full-year net results down to €127 million from €770 million in 2015. 15 February 2017
News
Specialty insurer MS Amlin has joined Flood Re, the UK Government-backed scheme that covers severe flooding. 15 February 2017
Insurance
Jay Nichols has resigned from his position of CEO of AXIS Re, a subsidiary of Bermuda-based AXIS Capital Holdings. He has been replaced by Jan Ekberg on interim basis. 14 February 2017
Insurance
Cincinnati Insurance Companies has renewed its Skyline Re catastrophe bond as a private placement and expanded its indemnity-based collateralised reinsurance coverage by raising $180 million with the help of JLT Capital Markets (JLTCM). 13 February 2017
Insurance
Insured loss estimates from major natural catastrophes in 2016 reached $39.5 billion, the highest since the annual market losses of $60 billion in 2012, according to Willis Re’s 2016 Summary of Natural Catastrophe Events report. 10 February 2017
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