News
Alternative Risk Transfer
Re/insurer QBE North America, part of QBE Insurance Group, has formed a strategic programme alliance with AmWINS Special Risk Underwriters (SRU) to launch a national excess property programme. 5 June 2017
Insurance
Asia’s mergers & acquisitions (M&A) market is a “very hotly contested area” and this is driving prices up, Aviva Asia chief strategy officer Alex Kimura, told AM Best. 13 March 2018
Insurance
Broker Willis Towers Watson has recruited three senior executives from Marsh & McLennan to lead its expansion into the Canadian financial institutions (FI) market. 18 July 2019
Insurance
MAPFRE Economic Research predicts faster growth returning in 2021. 31 January 2020
Insurance
Assurant said on Sept. 11 that it expects pre-tax losses from Hurricane Irma to exceed its retention of $125 million pre-tax but that they will remain within the company’s comprehensive reinsurance program. 12 September 2017
Insurance
Assurant expects to record between $110 million to $150 million pre-tax, of fourth quarter 2018 reportable catastrophe losses in its global housing segment. 20 December 2018
Insurance
Berlin-based artificial intelligence (AI) powered insurtech start-up omni:us has closed its Series A funding round and secured a total investment of $22.5 million. 30 October 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
Private investment firm Altamont Capital Partners (ACP) has made a majority equity investment in Access Holdco Management, an insurance managing general agency (MGA) focused on the non-standard auto market. 20 January 2016
Insurance
The recent new wave of consolidation has shown a further trend towards more companies operating so-called hybrid business models, whereby they write both insurance and reinsurance. Such a model can generate useful synergies, but it is also one of many factors driving consolidation, Torsten Jeworrek, member of Munich Re’s Board of Management, told Monte Carlo Today. 9 September 2018
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