News
Insurance
Specialty insurer Tokio Marine HCC's crop insurance unit Producers Ag Insurance Group (ProAg) has signed an agreement to acquire Leawood, Kansas-based crop insurance managing general agent (MGA) AmTrust Agriculture Insurance Services (AmTrust Ag). 23 April 2019
News
While the insurance industry has traditionally been slow-moving and often late to embrace technology, this has changed in the past two years with most carriers now willing to explore the potential of artificial intelligence (AI) specifically as they bid to stay ahead of the curve. 18 April 2019
Insurance
Insurance losses from a hailstorm that hit suburban Sydney and regional communities in New South Wales on 20 December 2018 have grown to A$1.271 billion (US$915 million), the latest figures from the Insurance Council of Australia (ICA) have revealed. 18 April 2019
Insurance
Specialty re/insurer Canopius has signed a definitive agreement to merge its Lloyd’s business with AmTrust at Lloyd’s, a division of AmTrust Financial. 18 April 2019
Insurance
French reinsurer SCOR grew its global property and casualty (P&C) gross written premiums by 9.6 percent at constant exchange rates at the April 2019 renewals to €548 million. 18 April 2019
News
Swiss Re shareholders approved a new public share buy-back programme worth up to $1.97 billion (CHF 2 billion) in purchase value at the reinsurer’s AGM today (17 April) in Zurich. 17 April 2019
Insurance
Proxy advisory firms Glass Lewis and ISS have urged SCOR shareholders to vote against large remuneration and compensation packages for SCOR chairman and CEO Denis Kessler, ahead of the company’s AGM on 26 April in Paris. 17 April 2019
Insurance
The British Insurance Brokers’ Association (BIBA) has appointed Alastair Blundell, formerly head of distribution at Tokio Marine Kiln Group, to a new position of head of general insurance. 17 April 2019
Insurance
Reinsurer PartnerRe has hired AXIS Re's Jonathan Colello as CEO of property and casualty (P&C) Americas, and president of Partner Reinsurance Company of the US. 16 April 2019
Insurance
The insurance workforce needs to evolve to work effectively with new technologies as the London market embraces modernisation and transformation initiatives, suggests a new report by PwC and the Lloyd's Market Association (LMA). 15 April 2019
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