News
Insurance
American International Group (AIG) has said it anticipates that the recent decision by the UK Ministry of Justice to reduce the discount rate applied to lump-sum bodily injury payouts, known as the Ogden rate, will cost it some $100 million in its first quarter of 2017. 20 April 2017
Insurance
Swiss Re CEO Christian Mumenthaler has explained how the reinsurer is looking to invest in technology while it is, at the same time, likely to make acquisitions in life insurance businesses. 4 April 2018
Insurance
Insurance broker Marsh has made several chances to its global management structure, including new appointments to its executive management team and new divisions. 7 September 2017
Insurance
RSA has agreed to sell its shareholding in Canadian broker Noraxis Capital Corporation to Arthur J. Gallagher for C$500 million ($460 million) as part of its aim of tightening the strategic focus of the group. 20 May 2014
Insurance
Twelve Capital Group has revealed that it was the lead investor in $45.5 million private debt transaction with Catalina General Insurance, a subsidiary of Catalina Holdings, Bermuda. 10 May 2017
Insurance
The combination of continued competitive pressures, the effects of US tax reform and catastrophe losses in 2017 is leading to speculation of more mergers and acquisitions (M&A) among re/insurers in 2018, especially in the Bermuda market, says Fitch Ratings. 12 February 2018
Insurance
Lloyd’s has granted PIB Insurance Brokers registered broker status, allowing them access to the Lloyd’s underwriting market. 27 September 2016
Insurance
AIG Europe (AEL), the European operations of insurance firm American International Group (AIG), has reported a slight increase in its profits for 2015, despite what it called a competitive environment and softening rates. 30 March 2016
Insurance
Pen Underwriting has announced that Phil Nichols has been appointed as underwriting director for its e-solutions business, reporting into Andy Westby, managing director of volume. 11 November 2015
Alternative Risk Transfer
Increasingly innovative risk transfer solutions are becoming available to cover the constantly evolving range of exposures that commercial insurers face, according to the latest Sigma study from Swiss Re. 15 October 2017
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