News
Insurance
AM Best has placed the credit ratings of US health insurer Cigna Corporation and its insurance subsidiaries under review with negative implications following the firm’s plan to acquire Express Scripts Holding Company for $67 billion. 14 March 2018
Insurance
UK-based life insurance group Prudential is to demerge its UK & Europe business (M&G Prudential) from the US, Asia and Africa business, creating two separately-listed companies. 14 March 2018
Insurance
Specialty re/insurer Canopius has appointed Laurie Davison as group chief operating officer (COO) and Nigel Meyer as group chief financial officer. 14 March 2018
Insurance
UK-based savings and protection products provider Prudential has grown after tax profits by 24 percent year on year ahead of the demerger of its global business. 14 March 2018
Insurance
Bermuda-based specialty re/insurer Argo Group International Holdings has acquired Italian specialty insurer Ariscom to expand its presence across Europe. 13 March 2018
Insurance
Independent Lloyd’s broker AFL Insurance Brokers has launched a commercial marine division to be headed by Alex Mott, senior executive who previously managed the Ed/CGNB marine broking team as head broker. 13 March 2018
Insurance
Law firm Clyde & Co is launching a medical malpractice offering in Spain with the hiring of Isabel Burón as partner and four other executives in its Madrid office and healthcare group. 13 March 2018
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
MetLife is inviting insurtech startups to compete for a $100,000 contract to develop solutions across insurance value chains in areas such as customer engagement, sales, and operations, and to pilot these solutions with MetLife Europe, the Middle East and Africa (EMEA). 12 March 2018
Insurance
Zurich Insurance Group has entered into an agreement to acquire 19 Latin American traveller assistance providers operating under the Travel Ace and Universal Assistance brands. 12 March 2018
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