Articles

Insurance

AXIS merges global cyber, technology units under Trueman

AXIS Insurance, the insurance business segment of Bermuda-based AXIS Capital Holdings, is consolidating its global cyber and technology unit under the leadership of Dan Trueman.   29 November 2018

Insurance

US environmental losses rise to $46bn for P&C industry: AM Best

AM Best has raised the net environmental losses for the US property/casualty (P&C) industry by $4 billion to an estimated $46 billion, taking industry losses for asbestos and environmental (A&E) to $146 billion.   29 November 2018

Insurance

Glyphosate may become the next asbestos: AM Best

The chemical Glyphosate could easily lead to tomorrow’s public health crisis, AM Best has warned in a Nov. 28 report.   29 November 2018

Insurance

Lloyd’s broker AFL creates LatAm operation through joint venture

Lloyd’s broker AFL Insurance Brokers has established a new South American operation, as part of a joint venture with Special Division Reinsurance Brokers.   29 November 2018

Insurance

Lloyd’s Market Association launches claims management solution

The Lloyd’s Market Association (LMA) has launched Gemini, a claims expert management solution and platform for Lloyd’s carriers.   29 November 2018

Insurance

Ardonagh reduces loss in 2018 9M results

UK-based insurance broker Ardonagh Group which includes has reduced its loss in the nine months ending September 2018 compared to the previous year.   29 November 2018

Insurance

Utilities sector most at risk from California wildfires: Fitch

Downside credit risks from the California wildfires are currently most pronounced for investor-owned utilities (IOU), which could face large liabilities if IOU equipment is found to have ignited the fires, according to Fitch Ratings.   29 November 2018

Alternative Risk Transfer

ILS fortifies its position

Issuance volumes of cat bonds fell in the 12 months to June 30, 2018, but this is not a true reflection of the market’s inherent robustness as it continues to mature and evolve, according to Aon’s latest ILS report.   29 November 2018

Insurance

Aetna downgraded after acquisition by CVS

Fitch Ratings has downgraded the Insurer Financial Strength (IFS) ratings of health insurer Aetna to 'A' from 'AA-'.   29 November 2018

Insurance

Tokio Marine, Sompo, MS&AD remain profitable despite record 2018 nat cat losses

Japans three major insurance groups Tokio Marine Holdings (TMHD), Sompo Holdings and MS&AD Insurance Group Holdings are expected to remain profitable in fiscal 2018 (April-March) despite record high domestic wind and flood catastrophe losses, according to Moody’s.   28 November 2018

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