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Updated: 47 min 21 sec ago

JLT Re CEO steps down

21 November, 2018 - 11:07
Mike Reynolds, CEO of JLT Re has stepped down from his position.

Generali to invest €1bn in digital innovation

21 November, 2018 - 11:00
Italian insurer Generali wants to invest around €1 billion in internal strategic initiatives for innovation and digital transformation as part of its 2021 three-year strategic plan.

Arch appoints new international CEO, reshuffles leadership

21 November, 2018 - 11:00
Arch Insurance has appointed Hugh Sturgess as the new CEO of Arch Insurance International, succeeding Matt Shulman who was recently named CEO of Arch Insurance North America.

Insurers’ exposure limited in PG&E wildfire investigation: AM Best

21 November, 2018 - 11:00
The US insurance industry has only limited exposure to PG&E Corporation, the California utility whose equipment is being investigated as having a potential role in the deadly Camp Fire, according to AM Best.

China non-life margin pressure lingers: Fitch

21 November, 2018 - 11:00
Fitch Ratings sees ongoing pressure on underwriting margins and expects catastrophe claims to continue to undermine insurers’ operating stability.

Catlin syndicate 2003 outlook changed to negative

21 November, 2018 - 11:00
Syndicate Research Limited (SRL) has affirmed the A- (Good) Continuity Opinion of Lloyd's syndicate 2003 but has changed the outlook for the Continuity Opinion from stable to negative in light of the syndicate’s recent 5-year average performance relative to its Continuity Opinion peer group.

Aon taps Guy Carp exec for Asia reinsurance business

21 November, 2018 - 10:56
Re/insurance broker Aon has appointed Richard Jones as executive chairman of its reinsurance solutions business in Asia.

JLT Re's Howard joins Guy Carpenter as vice chair

21 November, 2018 - 10:54
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has appointed Ross Howard, chairman of JLT Re, to become vice chairman of Guy Carpenter.

Chubb, Travelers lead California wildfire loss table: KBW

20 November, 2018 - 16:06
Chubb and Travelers are expected to bear the highest losses from the wildfires in north and south California, according to KBW research.

Californian wildfires to hit P&C Q4 results: Fitch

20 November, 2018 - 15:35
Losses from the ongoing California wildfires will likely negatively impact fourth-quarter earnings of companies with material property exposure in the state, Fitch Ratings said.

Global premium growth at 3% in 2019, 2020: Swiss Re

20 November, 2018 - 14:52
Global premiums in non-life and life businesses are forecast to grow by around 3 percent annually in 2019 and 2020 while the expansion in emerging Asia will be three times higher, according to the latest Swiss Re sigma report.

Insurtech fundraising reaches all-time high

20 November, 2018 - 13:32
Global fundraising for insurtech startups has already reached an all-time high in volume in 2018 as of October with 204 deals, following 202 deals in the full year of 2017 and 174 transactions in 2016, according to the latest The Insurtech M&A Market Report by Hampleton Partners.

A new age of innovation for insurers

20 November, 2018 - 13:18
A fundamental transformation of the insurance business is under way, driven by technology and innovation, and insurers must seek to drive co-created value through global networks, says Indranil Nath of DXC Technology.

Plug and Play invests in AI insurtech startup Betterview

20 November, 2018 - 13:09
Silicon Valley-based Venture capital firm Plug and Play Ventures has invested in California-based artificial intelligence (AI) startup Betterview.

Aon launches intangible asset cover

20 November, 2018 - 13:06
Broker Aon has launched an intangible asset insurance cover in line with the change in business models.

Beazley, AEGIS lead the Lloyd’s electronic placement table

20 November, 2018 - 10:20
Beazley syndicate 3623 and Aegis syndicate 1225 are leading the ranking of electronic placement adoption at Lloyd’s, according to a new table published for the first time by the London Market Group.

Syndicates accept 30% of risks electronically in Q3

20 November, 2018 - 10:19
Syndicates at Lloyd’s have accepted 29.6 percent of in scope risks through electronic placement in the third quarter of 2018, exceeding the target of 20 percent, according to the board of PPL (Placing Platform Limited).

Willis Towers Watson reveals new chair succeeding McCann

20 November, 2018 - 10:18
Willis Towers Watson has appointed Victor Ganzi as new chairman of the board, succeeding James McCann who is completing his three-year term at the end of the year.

Run-off specialist DARAG consolidates move into North America with acquisition

20 November, 2018 - 10:17
Run-off specialist DARAG has completed the acquisition of SOBC Services, a company focused on the sourcing, acquisition and management of insurance entities and portfolios in run off in the US, Bermuda and Caribbean.

AXA XL snaps up 100% ownership of New Ocean Capital Management

20 November, 2018 - 10:16
Bermuda-based AXA XL's reinsurance operation has completed the acquisition of all third party ownership interests in New Ocean Capital Management, its majority-owned asset management affiliate.


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