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Insurance
US-based CNA, a commercial insurance provider, has appointed Douglas Worman to fill the newly-created position of executive vice president and chief underwriting officer, effective from March 7. 17 February 2017
Insurance
Lloyd's broker Bishopsgate, the London market business of Towergate Insurance, has appointed three executives. 17 February 2017
Insurance
Nearly half of global insurers expect to acquire new technologies through mergers and acquisitions (M&A) in the next three years, according to a Willis Towers Watson survey. 17 February 2017
Insurance
Canada-based Fairfax Financial Holdings has announced that it made a net loss of $512.5 million for 2016, down substantially from the $567.7 million net profit it made the year before. 17 February 2017
Insurance
German insurer Allianz is convinced of its reorganisation of the life business which is under pressure due to a low interest rate environment, especially in Germany where insurers have offered guaranteed returns to clients that are now difficult to meet. 17 February 2017
Insurance
Germany’s insurance giant Allianz expects its 2017 operating profit to match the €10.8 billion it earned in 2016, according to its results press release. 17 February 2017
Insurance
A year on from the merger between Willis and Towers Watson and the broker is still working on its reorganisation whilst Aon is looking for M&A opportunities to deploy its growing cash holdings, executives suggested at separate brokers’ conference calls about their 2016 results. 14 February 2017
Insurance
Barbican Insurance Group has appointed Graeme King to lead its cyber division as the business group leader, and Richard Spotswood as cyber underwriting manager. 14 February 2017
Insurance
Re/insurance broker Aon plans to deploy a significant part of the proceeds from the $4.3 billion sale of its outsourcing platform to acquisitions, executives said during a Feb. 10 results presentation. 13 February 2017
Insurance
Zurich’s net income increased by 74 percent year-on-year to $3.21 billion in 2016 boosted by higher profitability in general insurance and continued growth in global life and its subsidiary Farmers, according to a company statement. 9 February 2017
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