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Insurance
Pan-Asian life insurance group AIA said on Sept. 21 that it reached an agreement with the Commonwealth Bank of Australia to acquire CommInsure Life and Sovereign, CBA’s life insurance business in Australia and life and health insurance businesses in New Zealand. 21 September 2017
Insurance
Hurricane Maria took direct aim at Puerto Rico on Wednesday, Sept. 20, thrashing some islands already left in ruins by Hurricane Irma, and razing areas that had previously escaped damage, according to catastrophe modelling firm AIR Worldwide. 21 September 2017
Insurance
The ongoing friction between customers and their insurers has led to a “huge degradation of trust”. 21 September 2017
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has shuffled its leadership team with four senior appointments. 21 September 2017
Insurance
The magnitude 7.1 earthquake that struck near Mexico City on Sept. 19 afternoon has caused major damage, according to a Sept. 20 AM Best report. 21 September 2017
Insurance
Zurich North America CEO Mike Foley will retire from Zurich in 2018, after a decade in this role. 21 September 2017
News
TransRe has appointed Miguels Canals to join its cyber team, based in New York. 21 September 2017
Insurance
Property and casualty re/insurer XL Catlin said on Sept. 20 that it is expanding its political risk underwriting capabilities in Iberia with the appointment of Santiago Herrero as head of political risk, credit & bond (PRCB) - Iberia. 21 September 2017
News
Hannover Re said on Sept. 21 that it expects nat cat events to exceed its large loss budget which is likely to result in the company missing its targeted €1 billion group net income in 2017. 21 September 2017
Insurance
Risk modelling and data analytics firm RMS said on Sept. 20 that it partnered with cloud computing platform Microsoft Azure to help insurance companies to overcome limitations to their business agility. 20 September 2017
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