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Insurance
Ryan Specialty Group (RSG) has reached a definitive agreement to acquire the assets and operations of New Jersey-based specialty intermediary New Day Underwriting Managers.   22 February 2018
Past US failures make SCOR cautious as it grows US P&C book
News
French reinsurer SCOR wants to grow its property/casualty portfolio in the US, particularly casualty business. But, stung by the mistakes of the past, it is proceeding with caution, Victor Peignet, CEO of SCOR Global P&C, told Intelligent Insurer.   19 February 2018
AIG reports $6.7bn Q4 loss due to US tax reform
Insurance
American International Group (AIG) reported a net loss of $6.66 billion for the fourth quarter of 2017, compared to a net loss of $3.04 billion in the prior-year quarter.   9 February 2018
Insurance
US property/casualty insurer The Hartford reported a net loss of $3.7 billion for the fourth quarter 2017, primarily due to a $3.1 billion loss on discontinued operations related to the agreement in December to sell Talcott Resolution and a $877 million charge due to the reduction in the US corporate tax rate.   9 February 2018
Insurance
Spain-based Mapfre has reported natural catastrophe losses of €183.8 million for 2017, of which €58.2 million were absorbed by Mapfre Re.   9 February 2018
Insurance
As technology evolves, reliable data from wearable devices should streamline and accelerate life insurance underwriting, SCOR said in a Feb. 9 blog.   9 February 2018
Insurance
Windstorms Friederike, Eleanor and Carmen which hit Western and Central Europe in January are expected to cost European insurers more than $2 billion losses, according to Aon Benfield.   9 February 2018
Insurance
Bermuda-based property and casualty re/insurer Sompo International is acquiring Italian agriculture insurance specialty company A&A, according to a Feb. 8 press release.   9 February 2018
Insurance
Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has acquired Highsmith Insurance, a Raleigh, North Carolina-based independent insurance brokerage firm.   9 February 2018
Insurance
Shares of Bermuda-based insurer XL Group jumped following news that it is attracting interest from rivals including Allianz of Germany.   8 February 2018

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