Articles

Insurance

Ascot CEO becomes new Lloyd’s Market Association chairman

Andrew Brooks, CEO of Ascot Underwriting, has been appointed the next chairman of the Lloyd’s Market Association (LMA) with effect from Jan.1, 2019.   10 October 2018

Insurance

London Market profitability to remain under pressure in 2018: Fitch

The profitability of London Market insurers is set to remain under pressure in 2018, according to Fitch Ratings.   10 October 2018

Insurance

Travelers partners with Amazon for smart home solutions

US-based property/casualty insurer Travelers has teamed up with Amazon to offer smart home solutions through a digital storefront on the electronic commerce giant.   10 October 2018

Insurance

Allianz strengthens AGCS UK broker relationships with AIG hire

Allianz Group's specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has strengthened its broker relationships team in the UK with a new hire from AIG and a promotion from within.   10 October 2018

Insurance

Chubb estimates Q3 cat losses at $450m pre-tax

Chubb has estimated the net losses in the third quarter of 2018 attributable to natural catastrophes globally at $450 million pre-tax, or $372 million after tax.   10 October 2018

Insurance

Insurance M&A deal values to more than double in 2018

Deal values across property/casualty (P&C) and life insurance are expected to more than double in 2018, marking the second-busiest year since 2005, according to S&P Global Market Intelligence.   9 October 2018

News

Swiss Re hopes services can help it sidestep softening pressure

Swiss Re believes it can insulate itself from downwards pressure on rates in the reinsurance market by offering clients value-added services such as data, technology and expertise, head of reinsurance Moses Ojeisekhoba, told Intelligent Insurer.   8 October 2018

Insurance

Raschbaum receives $2.2m as he retires from Maiden

Former Maiden Holdings CEO Arturo Raschbaum has been awarded a lump-sum cash payment of $2.2 million as part of his retirement package.   5 October 2018

Insurance

Markel starts writing reinsurance business in India

Specialist re/insurer Markel International has commenced writing business from its Mumbai office under the leadership of Deepika Mathur who has joined from HDFC Ergo.   5 October 2018

Insurance

Storm Xavier to cost insurers €324m: PERILS' final estimate

Extratropical Cyclone Xavier that primarily affected Germany on October 5 of 2017 will cost insurers approximately €324 million, according to the final loss estimate of PERILS.   5 October 2018

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