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Insurance
Mutual insurance company AEGIS is expanding the stamp capacity for Syndicate 1225 by 21 percent year on year to £400 million in 2018 to “take advantage of opportunities,” the company said. 26 February 2018
Insurance
Germany-based legal expenses insurance provider ARAG has appointed David Haynes as director on the company’s board. 26 February 2018
Insurance
The Chinese government seized control of Anbang Insurance Group and said its chairman had been prosecuted, according to a Reuters Feb. 23 report. 23 February 2018
Insurance
Gabi, which provides a free, online "personal insurance shopper," has raised $9.5 million in Series A funding, led by Canvas Ventures, to accelerate its nationwide expansion in the US in 2018. 22 February 2018
Insurance
Bermuda-based Partner Re has reported aggregate losses from hurricanes Harvey, Irma and Maria (HIM) and the California wildfires at $569 million, net of retrocession and reinstatement premiums. 22 February 2018
Insurance
American International Group (AIG) has been loss-making for the last two years, but the reported 2017 net loss of $6.08 billion hides improvements on the operating side as a more in-depth look into the numbers reveals and CEO Brian Duperreault is working on getting the insurance giant back on a growth path. A changed reinsurance cover structure is also part of the plan. 22 February 2018
Insurance
Specialist insurer Hiscox is withdrawing from aviation hull and liability underwriting due to market conditions pressuring rates. 21 February 2018
Insurance
Bermuda-based Everest Re Group has expanded the financial lines division of Everest Specialty Underwriters (ESU) with a private company/not-for-profit (PC/NFP) unit and multiple key hires, the re/insurer said in a Feb. 20 press release. 21 February 2018
Insurance
Insurers are still trying to catch up with other industries regarding technological innovation, according to a recent AM Best report. 21 February 2018
Insurance
US property/casualty insurer Travelers has created a new position within the organisation to strengthen its data and analytics capabilities and advance its innovation agenda. 21 February 2018
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