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Insurance
AIG Europe reported a pre-tax loss of £431.5 million for 2017 (ending Nov. 30, 2017) after a negative £171.1 million in the 2016 financial year. 18 May 2018
Insurance
The American Council of Life Insurers (ACLI) has appointed Susan Neely as president and CEO, succeeding Dirk Kempthorne, who has stepped down after eight years at the helm of the ACLI. 18 May 2018
Insurance
Lloyd’s insurer Beazley has partnered with the corporate insurance partner unit of Munich Re to offer protection for the digital assets and IT infrastructure of the world’s largest companies. 11 April 2016
Insurance
Cyber insurance is one of the fastest growing business segments, but poses a unique set of challenges, as proved by the recent global ‘WannaCry’ cyber attack which hit more than 150 countries and affected computers in factories and hospitals. Intelligent Insurer explores four threats making insurers rethink their coverages and general approach to cyber. 17 May 2017
Insurance
Fitch Ratings said July 7 that it has placed Gibraltar-based Elite Insurance Company’s Insurer Financial Strength (IFS) rating of 'BBB-' on Rating Watch Negative (RWN). 10 July 2017
Insurance
The Insurance Council of Australia (ICA) has declared a catastrophe for damage caused by storms that struck parts of regional Victoria and metropolitan Melbourne on Tuesday December 19. 21 December 2017
News
Reinsurers have embraced third-party capital through instruments like sidecars, collateralized reinsurance, and catastrophe bonds and the retrocession market increasingly depends on this convergence capital, a new report by S&P Global Ratings states. 15 August 2018
Insurance
UK insurer Aviva said on Sept. 29 that it has agreed to sell its entire shareholding in its joint venture in Italy, Avipop Assicurazioni, which includes its wholly owned subsidiary Avipop Vita, to Banco BPM for a cash consideration of €265 million. 2 October 2017
Insurance
Specialist insurer Markel International has appointed Alex Holcroft as political risk underwriter in Singapore. 7 August 2017
Insurance
Texas-based specialty lines underwriting manager and wholesale broker US Risk has hired Matthew McCampbell as executive vice president of corporate strategy and development. 9 June 2017
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