Articles

Insurance

P&C re/insurance M&A expected to accelerate at AIFA

Investors expect the pace of the property/casualty insurance industry consolidation to accelerate, according to Morgan Stanley.   8 March 2018

Insurance

AIG claims no material warning signs on reserves

American International Group (AIG) has reviewed reserves throughout “the course of the year” with no material warning signs coming to light, Morgan Stanley analysts were told at the annual Association of Insurance and Financial Analysts (AIFA) conference.   8 March 2018

Insurance

Microinsurance consortium adds ninth member

ASSA Compañía Tenedora is the ninth member joining Blue Marble, a consortium of insurers and reinsurers focused on providing insurance to the 2 billion people around the world facing financial protection gaps.   8 March 2018

Insurance

AmTrust taps Talbot trio to boost A&H management at Lloyd's

Property/casualty insurer AmTrust Financial Services has build a new management team to expand its accident & health (A&H) Lloyd’s offering and capabilities across its international operations.   7 March 2018

Insurance

Sompo International poaches from ANV and Navigators to launch European specialty unit

Bermuda-based property /casualty re/insurer Sompo International has unveiled plans to launch a new European specialty insurance underwriting operation in Barcelona run by two senior executives it has hired.   6 March 2018

Insurance

AIG, Travelers seen among potential acquirers in P&C sector

Heightening merger and acquisition (M&A) activities and rising pricing are tailwinds to P&C stocks, according to Morgan Stanley analysts.   2 March 2018

Insurance

RMS appoints new CEO, replaces co-founder Shah

Catastrophe risk modelling firm RMS has appointed Karen White as its new CEO, replacing current CEO and co-founder Hemant Shah.   2 March 2018

Insurance

Swiss Re gets approval to write direct insurance in Mexico

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has obtained formal authorisation from the local insurance authorities to operate as an insurer in Mexico. The company was registered as a 'foreign reinsurer' in Mexico since 2014.   2 March 2018

Insurance

The Ardonagh Group replaces CFO

The Ardonagh Group chief financial officer (CFO) Mark Mugge is moving out of his current role to work across the group on a series of key strategic initiatives being prioritised during 2018.   2 March 2018

Insurance

State Farm underwriting losses widen to $6.5bn in 2017

The State Farm property/casualty (P&C) group of companies reported a combined underwriting loss of $6.5 billion in 2017 on earned premium of $63.9 billion, compared to an underwriting loss of $5.5 billion on earned premium of $61.7 billion in 2016.   2 March 2018

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