News
Insurance
French insurer AXA has seen its full-year 2018 net income fall sharply by 66 percent due to exceptional charges linked to its US unit's initial public offering (IPO) and higher natural catastrophes. 21 February 2019
Insurance
Some $3 billion of large claims from natural catastrophes and man-made losses battered Swiss Re’s 2018 results but the reinsurer still posted a decent profit and increased its gross written premiums by some 5 percent. 21 February 2019
Insurance
Incidents of so-called sextortion, whereby criminals attempt to extort money from users of pornographic websites, are increasingly rapidly, according to Beazley Breach Response (BBR) Services, which said a growing number of commercial clients were targeted by this in the fourth quarter of last year. 21 February 2019
Insurance
Alleghany Corporation’s president and CEO admitted the firm was “not immune” from above average catastrophe losses in 2018 as he announced the 2018 year end results. 21 February 2019
Insurance
Swiss Re has revealed that it has hired an executive from a Germany IT and consulting company to take over as chief operating officer in July. The reinsurer said the move is designed to strengthen its expertise in technology and digital transformation. 21 February 2019
Insurance
Bermuda-based reinsurer PartnerRe has appointed Chubb's Jacques Bonneau to its board of directors. 21 February 2019
Insurance
The UK Financial Conduct Authority (FCA) has found no significant issues to “merit the introduction of intrusive remedies”, following its review of the wholesale insurance brokers market. 21 February 2019
Insurance
US-based Nassau Re has launched an insurtech incubator to support start-ups focused on the life insurance, annuity and reinsurance industries. 21 February 2019
Insurance
Insurtech start-up VouchForMe, a blockchain-powered peer-to-peer insurance model based on social proof endorsements, has launched in the UK with the aim to "disrupt and revolutionise the insurance industry". 19 February 2019
Insurance
Insurers and unions warn of a “substantial rise in insurance employees’ workloads and stress” as a result of stricter European Union financial rules, brought in after the 2008 crisis. 19 February 2019
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