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AIG's Duperreault optimistic about reaching underwriting profit in 2018
Insurance
Despite AIG’s general insurance having reported an underwriting loss for the second quarter of 2018, group CEO Brian Duperreault remains optimistic that the company will be able to deliver an underwriting profit when exiting 2018.   6 August 2018
DSA Re deal paves way for AIG legacy divestment
Insurance
The deal with The Carlyle Group will make it easier for AIG to divest the rest of its DSA Re legacy portfolio, AIG CEO Brian Duperreault said during the group’s second quarter earnings call.   6 August 2018
MSIG partners with insurtech Plug and Play
Insurance
Asian general insurer MSIG Insurance has entered into a strategic partnership with Plug and Play, a startup accelerator and corporate innovation platform.   6 August 2018
News
DXC’s innovative Digital Minds programme is an opportunity for brokers, insurers and London Market associations to embrace and lead digital change within the industry. Its founder Caroline Bedford told Intelligent Insurer how the programme is producing the digitally switched-on C-suites of the future.   6 August 2018
Insurance
American International Group (AIG) has reported an underwriting loss for its general insurance operations in the second quarter of 2018 as the loss ratio deteriorated.   3 August 2018
Insurance
Swiss Re has significantly increased its earnings in the P&C reinsurance business in the first half of 2018 due to a “strong” underwriting performance supported by a benign large loss experience.   3 August 2018
Insurance
Swiss Re is exploring a potential initial public offering (IPO) of its UK closed book business ReAssure in 2019.   3 August 2018
News
TransRe’s net premiums written in the 2018 second quarter were roughly flat with the comparable prior year period as a result of higher ceded premiums written due to an increase in retrocessional coverage purchased in 2018, the company said while presenting second quarter results.   3 August 2018
Insurance
In the absence of clarity as to what a future trade deal will look like between the UK and the EU, affected insurers have accelerated their plans to establish new EU subsidiaries, according to AM Best.   3 August 2018
Insurance
Fitch Ratings has revised the outlook for CNO Financial Group to positive from stable following the company’s recent reinsurance transaction.   3 August 2018

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