News

Insurance

Swiss Re to benefit from ReAssure IPO

An initial public offering (IPO) of the UK closed life book business ReAssure would be credit positive for Swiss Re because it would reduce the group’s exposure to credit and market risk, according to Moody’s.   7 August 2018

Insurance

Tokio Marine partners with insurtech MetroMile for AI platform

San Francisco-based insurtech startup MetroMile has entered into a strategic partnership with Tokio Marine Holdings following a $90 million investment by the Japanese property/casualty insurer and Intact Financial.   7 August 2018

Insurance

AIG's Duperreault optimistic about reaching underwriting profit in 2018

Despite AIG’s general insurance having reported an underwriting loss for the second quarter of 2018, group CEO Brian Duperreault remains optimistic that the company will be able to deliver an underwriting profit when exiting 2018.   6 August 2018

News

Berkshire reinsurance swings to profit in Q2

Berkshire Hathaway Reinsurance Group made a profit in the second quarter of 2018 as performance in both property/casualty (P&C) as well as life/health (L&H) underwriting improved.   6 August 2018

Insurance

DSA Re deal paves way for AIG legacy divestment

The deal with The Carlyle Group will make it easier for AIG to divest the rest of its DSA Re legacy portfolio, AIG CEO Brian Duperreault said during the group’s second quarter earnings call.   6 August 2018

Insurance

MSIG partners with insurtech Plug and Play

Asian general insurer MSIG Insurance has entered into a strategic partnership with Plug and Play, a startup accelerator and corporate innovation platform.   6 August 2018

Insurance

Compass offers gig economy accident cover with Bikmo

Compass Underwriting, a specialist underwriting agency in the accident and health (A&H) market, has partnered with specialist bike insurer Bikmo to provide an accident and injury insurance product for self-employed couriers working in the gig economy.   6 August 2018

Insurance

Insurtech wefox launches in Italy, partners with broker

Switzerland-based insurance platform wefox has entered the Italian market and closed a partnership with brokerage Mansutti.   6 August 2018

Insurance

QBE sells travel insurance business to nib

Australia-based QBE Insurance is selling its travel insurance business to health insurer nib holdings (nib).   3 August 2018

Insurance

AIG appoints Arch insurance chairman as Lexington CEO

American International Group (AIG) has appointed David McElroy as CEO of its surplus lines insurer Lexington Insurance Company.   2 August 2018

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