News
Insurance
Wang Yincheng, former president of the state-owned People's Insurance Company of China (PICC), has pleaded guilty in a trial on the charge of accepting bribes, according to an April 16 report by the country’s official press agency Xinhua. 19 April 2018
Insurance
Allianz Group is launched a new strategy to address cyber risks in commercial, corporate, and specialty insurance policies of its property & casualty (P&C) companies, and has established a new center of competence to lead the initiative. 5 July 2019
Insurance
In a recent survey by Intelligent Insurer, 70 percent of respondents said that a UK referendum in favour of leaving the European Union (EU) would damage London’s role as a global hub for re/insurance and risk transfer. “It would have a negative impact on the willingness of London to deal with European clients,” said one respondent. 12 September 2015
Insurance
A parametric fisheries insurance policy for Carribean governments, described as “pioneering” by the issuing body, has been taken up by the authorities of Grenada and Saint Lucia. 5 July 2019
Insurance
San Francisco-based insurtech startup MetroMile has entered into a strategic partnership with Tokio Marine Holdings following a $90 million investment by the Japanese property/casualty insurer and Intact Financial. 7 August 2018
Insurance
ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has appointed Andrew Summers as credit and political risks underwriter. He will report to Jeremy Shallow, credit and political risks class underwriter. 4 April 2016
Insurance
Insured losses from global catastrophe events were estimated at $19 billion in the first half of 2019, mainly driven by secondary perils such as thunderstorms and flooding events, according to the new Swiss Re sigma report. 15 August 2019
Insurance
US-based property/casualty insurer The Hanover estimates the impact of catastrophe activity to be in the range of $66 million to $76 million before taxes in the first quarter of 2018. 17 April 2018
Insurance
Broker Integro has strengthened its motorsports insurance broker with the acquisition of Lloyd’s broker Ellis Clowes. 12 November 2015
Insurance
UK insurance intermediary Ardonagh Group is acquiring broker Swinton Group from its French parent Covéa Group for a consideration of approximately £165 million. 27 September 2018
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