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Insurance
BIBA to focus on insurtech in 2018
The British Insurance Brokers’ Association (BIBA) wants to explore the world of insurance innovation at its 2018 Conference & Exhibition.   10 October 2017
Insurance
Former Novae CFO joins AIG unit as head of reinsurance
American International Group (AIG) has appointed Charles Fry as head of reinsurance, operations and transformation, general insurance.   3 October 2017
Insurance
Tokio Marine HCC to acquire AIG's medical business
Specialist insurer Tokio Marine HCC has reached a definitive agreement to acquire the medical stop-loss operations of American International Group (AIG), through its wholly owned subsidiary HCC Life Insurance Company.   3 October 2017
Insurance
Chubb creates new positions in middle market broker segment
Property/casualty insurer Chubb has appointed Hannah Hosking and Steve Bear within its middle market independent broker segment.   2 October 2017
Insurance
Blockchain insurance initiative B3i adds 23 new members
The blockchain insurance industry initiative B3i is including 23 new members for its market testing programme.   2 October 2017
Insurance
Management shake-up follows CETA ownership change
Following a management buyout backed by Kester Capital, niche insurance distributor CETA Insurance is facing a management shake-up.   2 October 2017
Insurance
Aviva sells Italian joint venture for €265m
UK insurer Aviva said on Sept. 29 that it has agreed to sell its entire shareholding in its joint venture in Italy, Avipop Assicurazioni, which includes its wholly owned subsidiary Avipop Vita, to Banco BPM for a cash consideration of €265 million.   2 October 2017
Insurance
AIG no longer systemically important institution
The Financial Stability Oversight Council (Council) said on Sept. 29 that it has rescinded its determination that material financial distress at American International Group (AIG) could pose a threat to US financial stability and that AIG shall be subject to supervision by the Board of Governors and enhanced prudential standards.   2 October 2017
Insurance
Hiscox estimates Hurricane Harvey, Irma claims
Bermuda-based specialist insurer Hiscox said on Oct. 2 that it estimates the combined net claims from Hurricane Harvey and Hurricane Irma at approximately $225 million.   2 October 2017
Insurance
SCOR agrees on cat excess of loss deal with Iran
SCOR has reached an agreement concerning a cat excess of loss deal with the Iranian insurance regulator Bimeh Markazi Iran, the organisation said in a Sept. 29 press release.   2 October 2017

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