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Insurance
Sapiens International, a global provider of software solutions for the insurance industry, has acquired StoneRiver for an all-cash deal of $102 million to expand its footprint in the US property/casualty (P&C) market. 16 February 2017
Insurance
If California’s Oroville Dam were to fail completely, 50,047 single- and multi-family residential homes could be damaged with an estimated reconstruction cost value (RCV) of $13.3 billion, according to CoreLogic, a data and analytics provider. 16 February 2017
Insurance
Dutch NN Group reported a 24 percent drop in net results to €1.19 billion for 2016 ahead of its planned acquisition of rival Delta Lloyd. 16 February 2017
Insurance
Former AIG boss Maurice “Hank” Greenberg has reiterated and reaffirmed publicly that he did absolutely nothing wrong while at the helm of the company. 14 February 2017
Insurance
Former AIG boss Maurice “Hank” Greenberg, along with former chief financial officer Howard Smith, have agreed to settle a 12-year old $9 million securities fraud case. 13 February 2017
Insurance
A likely reduction in the UK's Ogden discount rate in February 2017 would result in higher costs for claims settled as a lump sum, Fitch Ratings said. 13 February 2017
News
Sompo Canopius Re has appointed Christopher Gray as the head of protection and indemnity (P&I) reinsurance, effective immediately. 13 February 2017
Insurance
US health insurer Anthem is appealing against the Department of Justice’s decision to block the proposed merger with its rival Cigna but analysts see little chance of success. Instead, Cigna may look for other potential acquisitions to grow. 13 February 2017
Insurance
Former Flood Re CEO Brendan McCafferty has taken up his new role as CEO for intermediated and direct at AXA. 13 February 2017
Insurance
Cincinnati Insurance Companies has renewed its Skyline Re catastrophe bond as a private placement and expanded its indemnity-based collateralised reinsurance coverage by raising $180 million with the help of JLT Capital Markets (JLTCM). 13 February 2017
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