News
Insurance
Insurers should seek to drive innovation by partnering with companies that are external to the industry, Gary Reader, partner, global insurance sector leader and Phil Smart, head of insurance and investment management, KPMG, told Monte Carlo Today. 13 September 2015
Insurance
Fosun International, a Chinese investment company listed on the Hong Kong Stock Exchange, is to acquire the remaining 80 percent of Ironshore. 5 May 2015
Insurance
UK insurers will be “hugely disappointed” as the injury damages rate, the Ogden discount rate, was set at minus 0.25 percent today to come into force on August 5, 2019. 15 July 2019
Insurance
An acceleration in the take-up of technology can be expected “in the next five years” as more insurance industry executives recognise the value it can provide, said Steve Cloutman, managing director at advanced analytics company Ventiv Technology. 4 June 2019
Insurance
Chubb’s net profits soared in the third quarter reaching $1.2 billion in the period compared with a net loss of $70 million in the same period a year earlier, when it was hit by multiple natural catastrophes. Its combined ratio for the period was 90.9 percent compared with 110.8 percent in the same period a year earlier. 24 October 2018
Insurance
AXA XL, the property/casualty (P&C) and specialty risk division of the AXA group, is targeting higher synergies than previously announced from the combination of the XL Group and AXA businesses while also planning to further reduce the natural catastrophe (nat cat) exposure. 28 November 2018
Insurance
German industrial lines insurer HDI Global has hired a senior long-serving Allianz executive to fill the position of UK and Ireland managing director. 15 January 2019
Insurance
The average annual insured losses of a 1 in 100-year return period cat event has increased to $270.9 billion in 2018 from $246.9 billion, according to data provider AIR. 27 November 2018
Technology
German insurance giant Allianz is boosting its digital capabilities in products and distribution and is planning to apply them to enter new markets, Allianz SE’s first chief digital officer Solmaz Altin told Intelligent Insurer. 24 August 2016
Insurance
Broker Marsh has launched a new programme, called Cyber Catalyst, that brings together a number of leading insurers to evaluate cybersecurity offerings and address major cyber risks, such as data breach, business interruption, data theft or corruption, and cyber extortion. 27 March 2019
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