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Updated: 2 hours 15 min ago

Chubb unveils Bermuda leadership changes

18 October, 2018 - 11:31
US-based property/casualty (P&C) insurer Chubb has appointed Judy Gonsalves as vice president of Chubb Group and division president of Bermuda, responsible for the commercial P&C insurance business on the island.

Willis Towers Watson bolsters claims resolution services

18 October, 2018 - 11:31
Broker Willis Towers Watson has formed a new claims resolution team to expand its advocacy capabilities and facilitate efficient financial recovery for its clients in complex and contested claims scenarios.

AEGIS appoints cargo underwriter from Sompo

18 October, 2018 - 11:31
AEGIS London, a Lloyd's managing agency and the UK-based subsidiary of AEGIS, has hired James Hyett as cargo underwriter.

TigerRisk appoints ex-Aon exec to London retro role

18 October, 2018 - 11:31
Reinsurance broking and risk/capital management firm TigerRisk Partners has appointed Jonathan Hughes as partner from re/insurance broker Aon.

Softbank seeks reinsurance tie-ups after Swiss Re deal dropped

18 October, 2018 - 09:23
Japanese conglomerate Softbank Group continues to hunt for ways to accelerate the digital upheaval in the insurance industry, including tie-ups with unspecified reinsurance players, said David Thevenon, dealmaker of the company’s Vision Fund, according to a Reuters Oct. 16 report.

RenRe Q3 results hit by typhoon Jebi, hurricane Florence

18 October, 2018 - 09:14
Bermuda-based RenaissanceRe Holdings (RenRe) estimates losses from third quarter 2018 catastrophe events will have a net negative impact of approximately $155 million on its third quarter 2018 results of operations.

M&A: The perils of a shotgun wedding

18 October, 2018 - 08:00
The risk transfer landscape is being transformed by consolidation and the idea that bigger and more diversity is better—particularly if access to alternative capital is involved. But, just like in real life, some recent marriages—especially those rushed into for the wrong reasons—may well end in divorce. Intelligent Insurer reports.

AXA XL gains approval to move EU unit to Dublin from the UK

17 October, 2018 - 16:45
Re/insurer AXA XL has received authorisation from the Central Bank of Ireland (CBI) to move its principal EU insurance company, XL Insurance Company (XLICSE), from the UK to Dublin in response to Brexit uncertainty.

ILS market to near $100 billion volume in 2018: Hannover Re

17 October, 2018 - 16:42
By the end 2018 the market for insurance-linked securities (ILS) is expected to reach a total volume of close to $100 billion, according to Hannover Re.

Greenlight Re invests in South African insurtech Click2Sure

17 October, 2018 - 16:00
Cayman Islands-based specialist property/casualty reinsurer Greenlight Capital Re has invested in digital insurance platform Click2Sure.

Fairfax awarded $11m in alleged stock manipulation case

17 October, 2018 - 11:30
A jury verdict has awarded property/casualty re/insurer Fairfax Financial Holdings damages of $10.9 million against Exis Capital Management and related Exis companies, Adam Sender and Andrew Heller, according to a corporate statement.

Progressive expects up to $120m loss from hurricane Michael

17 October, 2018 - 11:29
US motor insurer Progressive is expecting a loss of up to $120 million from hurricane Michael.

Insurers call for IFRS 17 improvements and delay

17 October, 2018 - 10:51
Global insurers are calling for a delay and improvements in the introduction of the International Financial Reporting Standard 17 (IFRS 17).

Enstar appoints former Validus exec as new StarStone CEO

17 October, 2018 - 10:33
Global specialty insurer StarStone Group has appointed John Hendrickson as its new group chief executive officer.

Ardonagh sells Direct Group claims business for £36m to Davies Group

16 October, 2018 - 15:59
Insurance service provider Davies Group has acquired the claims business of Ardonagh-owned Direct Group while signing a long-term claims management deal with the UK-based insurance intermediary.

Howden appoints Marsh exec as UAE CEO

16 October, 2018 - 15:57
Howden, part of Hyperion Insurance Group, has appointed Sajith Kumar as CEO of its United Arab Emirates (UAE) business.

London company market premium income jumps 16% in 2017

16 October, 2018 - 15:56
London company market premium income jumped to £26.3 billion in 2017, representing a 16 percent increase from the previous year, according to a new report by the International Underwriting Association (IUA).

Autonomous cars will shake insurance market to its core

16 October, 2018 - 12:54
The world of insurance—and the wider world beyond that—will be changed by the advent of the driverless or autonomous car, according to Vincent Branch, chief executive of Accelerate at AXA XL.

Marsh gets US antitrust approval for JLT acquisition

16 October, 2018 - 11:31
US-based Marsh & McLennan Companies (MMC) has received the approval of the Federal Trade Commission to acquire UK-based Jardine Lloyd Thompson Group (JLT).

Talanx warns of industrial lines losses

16 October, 2018 - 10:45
Talanx experienced a large-loss burden in industrial lines between January and September 2018 of more than €260 million which is expected to have exceeded the large loss budget for the entire year.

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