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Starr Insurance Companies’ Brazilian subsidiary, Starr International Brasil Seguradora, has been granted a local license to offer aviation insurance. 14 December 2018
Insurance
AM Best has placed a negative market segment outlook on Brazil’s reinsurance market, citing persistent macroeconomic and political uncertainty; a declining interest rate environment, which has led to lower investment income; foreign exchange fluctuations; and evolving reinsurance market conditions. 13 December 2018
Insurance
Fire and explosion incidents cause the largest claims for insurers and the businesses they cover, according to new research from Allianz Global Corporate & Specialty (AGCS). 13 December 2018
Insurance
Foreign reinsurers operating in India will now stand a better chance of winning business in the country after the Insurance Regulatory Authority of India (IRDAI) changed its rules around how domestic insurers buy reinsurance, according to media reports in India. 13 December 2018
Insurance
The earth’s climate could be changing faster than first thought – and definitely faster than insurers would like. This presents great challenges to the industry which needs to address them quickly, Intelligent Insurer discovers. 13 December 2018
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has secured a licence for its European insurance company Liberty Mutual Insurance Europe SE (LMIE) to operate from Luxembourg. 12 December 2018
Insurance
Re/insurer AXA XL has unveiled its new excess & surplus (E&S) casualty product leads in the US, including a senior hire from QBE. 12 December 2018
Insurance
Australia-based insurer QBE is implementing measures targeting more than A$200 million ($144 million) in gross cost savings by 2021. 11 December 2018
Insurance
The shareholders of Bermuda-based Aspen Insurance Holdings have approved the $2.6 billion Aspen acquisition offer by alternative investment manager Apollo. 11 December 2018
News
As money continues to pour into insurtech ventures, there is evidence that only the big, global technology players and true venture capital firms have pockets deep enough to precipitate true disruption in the insurance space. Simon Hayes investigates where this will leave the incumbent players. 11 December 2018
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