Articles

Insurance

Florence will likely trigger NFIP reinsurers – again

Hurricane Florence will likely be an earnings event for the private insurance industry but the National Flood Insurance Program (NFIP) could be hit with heavy losses, potentially resulting in claims for its reinsurers for the second year in a row and its first cat bond being triggered, according to Fitch Ratings.   21 September 2018

Insurance

Insurtech transactions reach new peak but volumes fall

A total of 71 Insurtech funding transactions during the second quarter of 2018 marks a record high, according to the new Quarterly InsurTech Briefing from Willis Towers Watson (WTW).   20 September 2018

Insurance

Marsh CEO expects faster growth through JLT acquisition

Broker Marsh & McLennan Companies (MMC) CEO Daniel Glaser expects that the group will accelerate the pace of growth through the Jardine Lloyd Thompson Group (JLT) acquisition.   18 September 2018

Insurance

AXIS appoints new CEO of Irish subsidiaries

Bermuda-based re/insurer AXIS Capital Holdings has appointed Helen O’Sullivan as the CEO of AXIS Specialty Europe and AXIS Re.   18 September 2018

Insurance

Berkshire swoops for AIG, Chubb, Zurich talent in Dubai

Berkshire Hathaway Specialty Insurance Company (BHSI) has expanded its leadership team in Dubai with the appointment of AIG, Chubb, AXA, QBE, Allianz and Zurich executives to fill key product line and service posts.   18 September 2018

Insurance

Chubb hires AXA US CEO Miller for Continental Europe

Insurer Chubb has hired the former US president and CEO of AXA Insurance Company for a newly-created role in Continental Europe.   18 September 2018

Insurance

AXA closes $69m Emirates Re deal

AXA Group's specialist run-off acquirer and manager has completed the purchase of a 93 percent majority stake in Emirates Re, with a total of $69 million gross reserves.   18 September 2018

Insurance

Marsh acquires JLT for $6.4bn

Marsh & McLennan Companies (MMC) is acquiring re/insurance broker Jardine Lloyd Thompson Group (JLT) for $6.4 billion.   18 September 2018

Insurance

Tokio Marine Kiln hires Novae CFO as Dover departs

Tokio Marine Kiln (TMK) has appointed Reeken Patel as chief financial officer (CFO), replacing James Dover who is leaving the business after 12 years in the position.   18 September 2018

Insurance

SCOR rumoured to face new takeover approach by Covéa

French cooperative insurer Covéa is working on a new approach to its planned takeover of reinsurer SCOR after its friendly €8.2 billion offer was rejected earlier in September, Reuters reported citing “two sources close to the deal”.   18 September 2018

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