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Insurance
California’s insurance commissioner has issued a Cease and Desist Order against Access Insurance Company, which requires the company to immediately stop transacting, soliciting, negotiating, or administering and writing any new or renewal insurance business of any kind in the state of California. 7 March 2018
Insurance
Swiss Re Corporate Solutions has appointed Didier Bélot as the head of South East Asia, based in Singapore. 23 November 2017
Insurance
Fitch Ratings has upgraded life insurer AIA Group Limited's Long-Term Issuer Default Rating (IDR) to 'AA-' from 'A+' and affirmed the Insurer Financial Strength Ratings of AIA Company Limited and AIA International Limited at 'AA'. 23 November 2017
Insurance
Broker Marsh said on Aug. 31 that it has appointed David Nayler as leader of its UK financial institutions industry practice. 31 August 2017
Insurance
Trade credit insurer Euler Hermes has appointed Christophe White as head of its UK transactional cover unit. 31 August 2017
Insurance
Short-term trading and the buying of live catastrophe coverage could become much more prevalent with the advent of real-time data—but it is still early days, Luzi Hitz, chief executive officer of PERILS, told Baden-Baden Today. 24 October 2018
Insurance
Distributed ledger technology—blockchain—will level the playing field in the insurance market, but this is probably one of the main reasons it is being held back from more widespread adoption, George Freimarck, managing director of Xceedance Europe, told Baden-Baden Today. 24 October 2018
Insurance
Chubb believes that it can achieve more than $350 million in savings by year-end 2022 and $500 million by year-end 2023 through the use of robotics and artificial intelligence (AI) as it eliminates low-value activities, according to a December 2018 investor presentation. 4 December 2018
Insurance
Insured losses for Hurricane Harvey are estimated at approximately $650 million pre-tax, and Irma estimated from $800 million to $950 million, according to preliminary loss estimates from Chubb. 28 September 2017
Insurance
VIG Re, the Czech Republic-based reinsurer, is opening a branch office in Frankfurt, Germany, to expand its European presence. 28 September 2017
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