Articles

Insurance

AIG’s Duperreault says ‘strong’ Q2 2019 results supported by ‘foundational changes’ at insurer

Insurer AIG reported “strong” income growth in its Q2 2019 results with its CEO pointing to the company’s 2017 decision to restructure its business into three units - operating under a General Insurance business unit, a Life and Retirement unit, and a standalone technology unit.   8 August 2019

Insurance

Swiss Re CS launches parametric water-level coverage called FLOW

Swiss Re Corporate Solutions has launched a new parametric water-level insurance coverage called FLOW.   8 January 2019

Insurance

CFC expands cyber insurance coverage to include business interruption

CFC, a specialist insurance provider, has launched a new version of its cyber insurance product, introducing coverage for business interruption as well as expanded coverage for a variety of cybercrime activities.   8 January 2019

Insurance

HDI hires Allianz talent as it creates new specialty unit

German industrial lines insurer HDI Global has hired a senior long-serving Allianz executive to fill the position of UK and Ireland managing director.   15 January 2019

Insurance

AXA XL promotes Hearn to chief underwriting officer for London Market wholesale

AXA XL insurance has appointed Simon Hearn to chief underwriting officer (CUO) to lead its property & casualty London wholesale business.   23 July 2019

Insurance

Lawsuit throws EXIN’s Greek insurance acquisition in doubt: Reuters

US investor Calamos Family Partners (CFP) filed a lawsuit in the US against Dutch EXIN Financial Services Holdings for defaulting on loans, according to an emailed statement, putting in doubt the planned acquisition of National Bank of Greece’s insurance unit, according to a Feb. 7 Reuters report.   7 February 2018

Insurance

Phinsys and PWC unite to deliver tech tools to manage rise in regulatory demands; IFRS17

A partnership between finance automation software provider Phinsys and consultants PwC has developed technology to enable finance transformation and streamlined IFRS 17 projects.   23 July 2019

Insurance

Ensurance launches terrorism and sabotage insurance early in US and Australia

Specialist managing general agent (MGA) and Lloyd’s coverholder Ensurance has extended its terrorism and sabotage insurance to the US and Australian markets ahead of schedule.   23 July 2019

Insurance

Liberty Specialty Markets appoints Jon Rigby as first chief cyber officer

Liberty Specialty Markets (LSM) has appointed Jon Rigby to the newly created role of chief cyber officer, based in London.   23 July 2019

Insurance

Ardonagh-owners Highbridge, Madison Dearborn make new acquisition

US private equity firms Highbridge Principal Strategies (HPS) and Madison Dearborn Partners (MDP), which have a major shareholding in brokerage group Ardonagh, have acquired UK-based fee protection insurance company PFP.   5 July 2018

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