News

Insurance

EIOPA warns about shifting risks at insurers

The low interest rate environment is leading to a “search-for-yield behaviour” of insurers and an increasing transfer of risks to policyholders, the chairman of the European Insurance and Occupational Pensions Authority (EIOPA), Gabriel Bernardino, warns in a Nov. 22 speech in Frankfurt.   22 November 2017

Insurance

AIG hires former Brunswick exec as comms boss

American International Group (AIG) has appointed Cindy Leggett-Flynn as senior vice president and chief communications officer.   23 August 2016

Alternative Risk Transfer

Markel to acquire Nephila to become largest manager of ILS funds

Markel Corporation is to acquire Nephila Holdings in a deal that will create an entity with assets under management between Nephila and Markel CATCo of some $19 billion.   31 August 2018

Insurance

Lycetts names new CEO as predecessor becomes deputy chair

Lycetts, a UK-based insurance broker and financial services provider, has appointed Charles Foster as its new chief executive officer.   17 November 2017

Insurance

Chubb hires general counsel from RAA for new legal role

Property/casualty insurer Chubb has appointed Tracey Laws as senior vice president, general counsel, global government and industry affairs.   11 December 2017

News

Reinsurance value hits highest point

The value proposition of reinsurance has never been higher, with reinsurers taking less risk than ever and the price of traditional reinsurance falling.   5 January 2015

Insurance

Harvey-Irma insured losses could reach $1.6 billion, says Chubb

Insured losses for Hurricane Harvey are estimated at approximately $650 million pre-tax, and Irma estimated from $800 million to $950 million, according to preliminary loss estimates from Chubb.   28 September 2017

Insurance

JLT acquires US trade credit and political risk broker IRC

Broker Jardine Lloyd Thompson Group (JLT) has acquired US-based trade credit and political risk broker International Risk Consultants (IRC) to further strengthen its US specialty business.   1 March 2018

Insurance

Maiden to sell North America reinsurance operations

Maiden Holdings is in advanced discussions regarding the sale of its wholly-owned subsidiary, Maiden Reinsurance North America (MRNA) to a third party.   30 August 2018

Insurance

Bought By Many co-founder unimpressed by Amazon insurance plan

Amazon’s rumoured plan to set up an insurance price comparison service is unlikely to cause much impact in the insurance industry and there would be far more disruptive opportunities for Amazon to enter the market, insurtech Bought By Many co-founder Steven Mendel, told Intelligent Insurer.   30 August 2018

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