News
News
The numerous challenges the insurance industry faces mean that innovation is critical to tackling them. Rob Bentley of Guy Carpenter, describes how Guy Carpenter is helping its clients manage these challenges—especially the conundrum of insurtech. 27 November 2018
Insurance
AXA group’s new division dedicated to large P&C commercial lines, AXA XL, will implement AXA’s corporate responsibility policies, including those that relate to the fight against tobacco, climate change, and controversial weapons, as part of a strategy for Environmental, social and corporate governance (ESG). 26 November 2018
Insurance
Allianz group’s specialist corporate insurer Allianz Global Corporate & Specialty SE (AGCS) has appointed Sinéad Browne as its UK CEO. 26 November 2018
Insurance
The supervisory board of Germany-based insurance giant Allianz has extended CEO Oliver Bäte’s contract as chairman of the board of management until September 2024. 23 November 2018
Insurance
Jeremy Pinchin, group claims director of Bermuda-based specialist insurer Hiscox, is retiring at the end of February 2019. 22 November 2018
Alternative Risk Transfer
Markel CATCo Investment Management has implemented a specific loss reserve to cover the 2018 events hurricane Michael and typhoon Jebi and has warned over potential California wildfire losses and a loss creep from 2017 nat cat events. 22 November 2018
Insurance
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a-” of Bermuda-based Citadel Reinsurance Company. 22 November 2018
Insurance
The UK’s decision to leave the EU creates some uncertainty for Gibraltar-domiciled insurers, AM Best has warned in a report. 22 November 2018
Insurance
Reinsurer SCOR has received the French supervisory authority's approval for SCOR Europe SE, the new Paris-based P&C specialty insurance company it is creating to ensure business continuity post Brexit. 22 November 2018
Insurance
Commercial insurance pricing increased for the fourth consecutive quarter in the third quarter of 2018 by more than 1 percent, driven by property and financial and professional lines, according to the most recent Global Insurance Market Index compiled by Marsh. 22 November 2018
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