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Insurance
Asian life and general insurer FWD Group has held preliminary discussions with investment banks about a possible initial public offering (IPO) as part of regular meetings about the insurer’s strategy, Bloomberg News reported citing people familiar with the matter. 29 June 2018
Insurance
Athene Holding, the life insurance affiliate of private equity firm Apollo Global Management, has expressed interest in acquiring all or parts of General Electric’s troubled long-term care insurance business, according to a Financial Times report citing two people familiar with the matter. 28 June 2018
Insurance
Specialty managing general agent (MGA) Nexus Group has appointed Karen Morris to its board as an independent non-executive director of underwriting operations. 28 June 2018
Insurance
Property/casualty insurer Chubb has appointed Matthew Hardy as executive vice president of global energy, Chubb Overseas General. He replaces Roger Giddings who will leave Chubb later in the year. 28 June 2018
Insurance
The UK motor insurance market has reported a net combined ratio (NCR) of 96.8 percent in 2017, the best result since 1994 and the second best since records began, according to EY’s Annual UK Motor Insurance Results. 28 June 2018
Insurance
UK-based Folgate Insurance Company has received approval from the Prudential Regulation Authority (PRA) to once again start writing primary insurance and reinsurance business. 27 June 2018
News
The reinsurance industry has been disrupted through competition from alternative capital and is now seeking new pools of risk, according to a panel discussion at the 2018 Insurtech Insights June 19 and 20 conference in London. 27 June 2018
Insurance
American International Group (AIG) has appointed Adam Winslow as chief executive officer (CEO) international of its AIG Life & Retirement division. 27 June 2018
Insurance
QBE Re, the specialist reinsurance division of Australia's QBE Insurance Group, has appointed Stephen Postlewhite as deputy global chief underwriting officer. 26 June 2018
Insurance
Bermuda-based Sirius International Insurance Group has highlighted the growth opportunities the firm faces as it revealed its merger agreement with special purpose acquisition firm Easterly Acquisition which will result in Sirius becoming a publicly listed company. 26 June 2018
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