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Insurance
S&P Global Ratings said that it has raised aviation and travel insurer LEXGARANT Insurance’s long-term counterparty credit and financial strength ratings to 'B+' from 'B'. 31 May 2017
Insurance
Insurtech funding in the first quarter of 2017 dropped severely compared to the same period last year as significant investments made in 2016 reach the product launch phase, according to Willis Towers Watson Securities. 2 May 2017
Insurance
Hamilton Re, the Bermuda-based property/casualty reinsurer of Hamilton Insurance Group, has agreed to acquire the renewal rights to Canopius Underwriting Bermuda's (Sompo Canopius) excess casualty insurance book of business. The transaction is expected to close mid-year. 24 April 2017
Insurance
Broker Willis Towers Watson has strengthened its global FINEX business with several key leadership appointments. 20 April 2017
Insurance
The Travelers Companies' profits fell in the first quarter of 2017, which the company blamed on a $62 million pre-tax impact from the UK’s Ogden rate adjustment, a lower underlying underwriting gain and higher catastrophe losses. 20 April 2017
Insurance
The number of M&A insurance claims is increasing and large transactions are proving to be riskier with the average pay-out topping $20 million, according to a study of representation and warranty (R&W) claims by American International Group (AIG). 20 April 2017
Insurance
XL Catlin has introduced an accident and health (A&H) solution, ‘Protect and Assist’, which is designed to help UK businesses protect its employees and meet duty and care needs against emerging risks and heightened security threats. 20 April 2017
Insurance
The global insurance industry is likely to see slightly increased growth by 2018 driven by better economic prospects in the US and in many emerging markets which will offset negative factors such as declining growth in the Chinese market, according to Munich Re. 20 April 2017
Insurance
US property/casualty insurer Travelers has announced that it will offer pre-breach cybersecurity services from Symantec to its cyber policyholders. 10 April 2017
Insurance
European non-life and life insurers engaged in less merger and acquisition (M&A) activity in 2016 than in either of the preceding two years, according to AM Best. 10 April 2017
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