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Insurance
Travelers Q3 income plummets on nat cat hit
The Travelers Companies has seen its net income plummet in the third quarter of 2017 compared to the same period a year ago due to the impact of nat cat losses in North America.   19 October 2017
Insurance
Allianz sells part of Taiwan life insurance portfolio to China Life
German insurer Allianz has reached an agreement to sell part of its traditional life insurance portfolio in Taiwan to China Life Insurance.   19 October 2017
Insurance
Generali terminates contract of group chief insurance officer
Italian insurer Assicurazioni Generali has announced on Oct. 18 that its board of directors has resolved to terminate the working relationship with group chief insurance officer Valter Trevisani by mutual agreement.   19 October 2017
Insurance
Property pricing expected flat to +5% post recent NA hurricanes
Insurance intermediary Brown & Brown is cautiously optimistic in property pricing, seeing pricing developments flat (admitted markets) to +5 percent (excess & surplus markets) post recent hurricanes, according to a Morgan Stanley Oct. 17 analyst note.   19 October 2017
Insurance
Zurich expects $700m Q3 nat cat impact
Multi-line insurer Zurich Insurance group said on Oct. 19 that it expects aggregate claims in the third quarter of 2017 related to hurricanes Harvey, Irma and Maria, for the group’s property & casualty business, to be approximately $700 million net of reinsurance and before tax.   19 October 2017
Insurance
Blue Capital Reinsurance estimates Q3 nat cat impact
Bermuda-based Blue Capital Reinsurance Holdings said that it expects third-quarter catastrophe losses of $57.5 million, net of reinsurance and reinstatement premiums.   19 October 2017
Insurance
AIG UK underwrites Shariah-compliant warranty and indemnity policy
AIG UK said on Oct. 19 that it has underwritten the first Shariah-compliant warranty and indemnity (W&I) insurance policy issued in the London M&A insurance market.   19 October 2017
Insurance
ARAG launches crisis communications cover for high net worth clients
ARAG Legal Services (UK) is offering personal lines clients insurance to help limit the reputational damage caused by adverse publicity.   19 October 2017
Insurance
Assurant seals $2.5bn merger deal with Warranty Group
Specialty insurance provider Assurant and warranty solutions provider The Warranty Group, a portfolio company of TPG Capital, have entered into a definitive agreement to merge operations.   18 October 2017
Insurance
Novae merges into AXIS in new structure following acquisition
Bermuda-based AXIS Capital Holdings said on Oct. 18 that Novae will adopt the AXIS brand and its insurance business will be merged into AXIS’ international insurance division, led by its CEO, Mark Gregory, who reports to Pete Wilson, CEO of AXIS Insurance.   18 October 2017

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