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Insurance
In the absence of clarity as to what a future trade deal will look like between the UK and the EU, affected insurers have accelerated their plans to establish new EU subsidiaries, according to AM Best. 3 August 2018
Insurance
Australia-based QBE Insurance is selling its travel insurance business to health insurer nib holdings (nib). 3 August 2018
Insurance
German insurance giant Allianz expanded the property/casualty (P&C) business in the second quarter while the combined ratio deteriorated. 3 August 2018
Insurance
US-based The Hanover Insurance Group has appointed Eric Cernak as the head of its cyber practice. 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
Insurance
Lloyd’s managing agent of syndicates 1975, 1991, 3330 and 1110, Coverys Managing Agency, has appointed Robert Scott-Stewart as chief information officer and Peter Chambers as chief technology officer. 31 July 2018
Insurance
Sun Life Financial CEO Dean Connor expects to grow earnings at 15 to 20 percent a year in Asia, doubling the size of the business over the next five years, according to the latest AM Best Asia Pacific Edition. 31 July 2018
News
Reinsurance, wholesale and specialty broker Ed has appointed Patrick Jordan as divisional director, marine, based in London. 31 July 2018
Insurance
The China Banking and Insurance Regulatory Commission (CBIRC) and the Insurance Authority (IA) of Hong Kong have reached an agreement to allow preferential treatment for qualified reinsurers in Hong Kong. 30 July 2018
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, is looking to expand its reach in the Nordic region, allowing it to underwrite and service more business through its office in the Netherlands. 30 July 2018
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