Articles
Insurance
After selling the claims business of Direct Group for £36 million earlier this month, UK intermediary Ardonagh Group has revealed that it is selling its commercial managing general agency (MGA) businesses to Arch UK Holdings for up to £31 million. 1 November 2018
Insurance
American International Group’s (AIG) chief executive Brian Duperreault said the company is working with a “sense of urgency” and “taking decisive actions across the company” as the business posted another big loss in its third quarter results. 1 November 2018
News
Swiss Re reported a net income of $1.1 billion for the first nine months of 2018 compared to a loss of $468 million for the same period a year ago, despite an estimated claims burden of $1.6 billion from natural catastrophes and large man-made events. 1 November 2018
Insurance
Specialty re/insurer Canopius has appointed Gabrielle Folliard as head of claims from Markel International. 1 November 2018
Insurance
Arch Capital Group enjoyed solid growth and a return to profitability in the third quarter of 2018 as it managed to avoid the catastrophe losses that have hit the results of some of its peers. 1 November 2018
Insurance
Lancashire Holdings posted what it called a “disappointing loss” in the third quarter of 2018 as it absorbed the effects of another busy period in terms of catastrophe losses; its book also shrank significantly mainly because of reinstatement premiums and the timing of some large multi-year deals. 1 November 2018
Insurance
The chief executive of the London and International Insurance Brokers Association (LIIBA) has told insurance brokers that the key challenge facing them post-Brexit remains the uncertainty around the proposed models for brokers to maintain access to London for European risks. 1 November 2018
Insurance
Re/insurer AXA XL and US-based insurtech Slice Labs, which offers cloud-based on-demand insurance, have launched a new cyber insurance policy specifically designed for small and midsize businesses (SMBs). 1 November 2018
Insurance
Government initiatives and the increasing digitisation of China are driving new risks and in turn new insurance products, Ann Chua, head of Northern Asia & operating director of Asia Pacific at AXA XL, told SIRC Today. 31 October 2018
Insurance
There has been an uptick in mergers and acquisitions (M&A) in re/insurance, with large deals such as AIG-Validus and AXA-XL making recent headlines. 30 October 2018
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