News
Insurance
Managing general agency Access Holdco Management has acquired property/casualty insurer Occidental Fire & Casualty Company’s Massachusetts non-standard auto insurance book of business. 30 November 2016
Insurance
The US National Flood Insurance Program (NFIP) has tested the transfer of flood risk to the private reinsurance sector, paving the way for a large-scale privatisation of US flood risk. While the potential business for reinsurers is significant, it is likely to be a long and complex process. 30 November 2016
Insurance
AXIS Capital has decided to acquire aviation re/insurer Aviabel, underscoring its long-term commitment to the aviation market despite significant pricing pressure. 30 November 2016
Insurance
Netherland-based insurance group Aegon has appointed Matthew Rider as the chief financial officer (CFO) and member of the executive board at its annual general shareholder meeting. 29 November 2016
Insurance
AXIS Capital has entered into an agreement to acquire aviation re/insurer Aviabel, in order to help expand its footprint in the global aviation market. 29 November 2016
Insurance
Specialist insurer Markel International has entered into a master underwriting agreement with US upstream oil and gas energy managing general agent (MGA) JH Blades. 28 November 2016
Insurance
China Life Insurance Company has appointed Zhao Lijun as chief financial officer (CFO). His nomination has been approved by China’s Insurance Regulatory Commission – CIRC. 25 November 2016
Insurance
The Generali Group has entered into a partnership with Microsoft to introduce digital-focused insurance products and business models amongst others through building blockchain-based smart contracts. 25 November 2016
Insurance
The UK government’s recent proposal to raise insurance premium tax (IPT) from 10 percent to 12 percent, as laid out in its Autumn Statement, has created a backlash within the insurance sector. 24 November 2016
Insurance
The UK government plans to raise the insurance premium tax (IPT) from 10 percent to 12 percent, doubling the tax payable by customers on general insurance policies in the past 18 months, as revealed in the Autumn Statement. 24 November 2016
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