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Insurance
Premium and/or rate reductions have slowed and in some cases are no longer obtainable in the aviation market, according to the May 2017 JLT aviation newsletter ‘Plane Talking’. 15 May 2017
Insurance
German insurer Allianz has reported an increase in operating profit for the first quarter of 2017 despite a rise in large losses and a “higher than expected” charge from the UK’s Ogden personal injury discount rate change. 12 May 2017
Insurance
Skuld, a protection and indemnity (P&I) club for Scandinavian shipowners grew profitability in the 2016 financial year ending February 20, 2017 as the frequency of regular claims remained low and due to a “strong” return on investments. 12 May 2017
Insurance
Re/insurance broker Jardine Lloyd Thompson (JLT) has appointed Mike Mortlock as a partner within the professional indemnity team to strengthen its newly-established legal practices group. 12 May 2017
Insurance
XL Catlin’s insurance operation in Iberia has officially launched its accident and health (A&H) insurance solution for the Spanish market. 12 May 2017
Insurance
Bunker, a San Francisco-based digital business insurance platform, has officially launched operations after having raised $6 million in a Series A funding. This follows less than a year after announcing a $2 million seed round and launching in beta version. 12 May 2017
Insurance
Hudson Structured Capital Management (HSCM) acted as a lead investor in the recent $45.5 million private debt arrangement for Catalina General Insurance, a subsidiary of Catalina Holdings (Bermuda), the company has revealed. 12 May 2017
Insurance
American International Group (AIG) is planning to name former company executive Brian Duperreault as its new chief executive, the Wall Street Journal reported late on May 10. 11 May 2017
article
Both profits and growth dipped at Italian insurer Generali in the first quarter as the company blamed a more disciplined underwriting approach in its life business and a lower investment result due to its policy of reducing realised gains. 11 May 2017
Insurance
Bermuda-based Validus Holdings has named Kean Driscoll as the president of the company. 11 May 2017
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