News
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
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
Specialist insurer Life Company Consolidation Group (LCCG) has agreed to acquire UK's mutual life insurer Equitable Life. The transaction is expected to complete towards the end of 2019. 18 June 2018
Insurance
The firm’s new cyber offering is underpinned by astute risk selection and multifaceted client support. 21 April 2021
Insurance
Tens of thousands of homes are without power and sea water is sloshing through coastal streets as hurricane Florence begins lashing the US East Coast, according to a BBC News Sept. 15 report. 14 September 2018
Insurance
XL Group’s insurance segment produced an underwriting loss in the second quarter of 2017 due to higher large loss activity. 1 August 2018
Insurance
London-based FloodFlash, a startup that wants to offer insurance for previously uninsurable flood risk, has raised £1.9 million in seed funding from LocalGlobe, Pentech Ventures and InsurTech Gateway. 1 August 2018
Alternative Risk Transfer
The Federal Emergency Management Agency (FEMA) has secured $500 million in reinsurance for its National Flood Insurance Program (NFIP) through capital markets. 1 August 2018
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
American International Group (AIG) has appointed Adam Winslow as chief executive officer (CEO) international of its AIG Life & Retirement division. 27 June 2018
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