News
Insurance
The performance of the reinsurance sector shows a clear trend of deterioration as the soft market squeezes profitability. While traditional reinsurers return capital to shareholders due to a lack of profitable business opportunities, alternative capital remains keen for opportunities to invest – potentially making the situation worse, suggests James Vickers, chairman of Willis Re International. 21 April 2017
Insurance
Amid concerns that artificial intelligence could result in job losses across the industry, re/insurers speaking at an Intelligent Insurer roundtable in London aimed to suppress some of those fears by highlighting the value of AI with tried and tested examples. 13 April 2017
Insurance
Allianz has expanded its high net worth insurance specialist subsidiary Home & Legacy with three appointments in the claims and technical units. 7 April 2017
News
SCOR Global Life has received the approval from the Financial Services Agency of Japan (FSA) to open a branch office in Tokyo, and conduct life and health reinsurance business in Japan. 4 April 2017
Insurance
Re/insurer QBE North America, a part of QBE Insurance Group, has appointed Jamie Luce as senior vice president (SVP) to lead the property/casualty commercial insurance business, and Julie Hespe as SVP, product leader. 4 April 2017
Insurance
Bermuda-based PartnerRe has completed the acquisition of North American life reinsurance company Aurigen Capital, according to a statement. 4 April 2017
Insurance
US-based commercial insurance provider CNA has appointed Caroline King as senior vice president of business strategy, technology and operations. 4 April 2017
Insurance
Bermuda-headquartered re/insurance company Sirius International has acquired US-based healthcare specialist ArmadaCorp Capital to boost its accident and health (A&H) insurance business. 4 April 2017
Insurance
Lloyd’s specialist insurer Beazley has introduced a product seeking to quote any US management, professional, cyber and healthcare liability risks that can be legally underwritten, provided that no other London insurer offers terms. 4 April 2017
Insurance
A year after Flood Re went live, the number of insurance providers that signed up to the scheme increased to 60 from 16. 4 April 2017
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