News
Insurance
From a London base and in spite of Brexit, Mapfre Global Risks is set on a path of steady international expansion. Ignacio Baeza, vice chairman of Mapfre and chief executive of Mapfre Global Risks, explains to Intelligent Insurer the company’s goals and why London still makes sense. 23 October 2017
Insurance
German insurer Allianz has reached an agreement to sell part of its traditional life insurance portfolio in Taiwan to China Life Insurance. 19 October 2017
Insurance
Italian insurer Assicurazioni Generali has announced on Oct. 18 that its board of directors has resolved to terminate the working relationship with group chief insurance officer Valter Trevisani by mutual agreement. 19 October 2017
Insurance
Insurance intermediary Brown & Brown is cautiously optimistic in property pricing, seeing pricing developments flat (admitted markets) to +5 percent (excess & surplus markets) post recent hurricanes, according to a Morgan Stanley Oct. 17 analyst note. 19 October 2017
Insurance
Multi-line insurer Zurich Insurance group said on Oct. 19 that it expects aggregate claims in the third quarter of 2017 related to hurricanes Harvey, Irma and Maria, for the group’s property & casualty business, to be approximately $700 million net of reinsurance and before tax. 19 October 2017
Insurance
Bermuda-based Blue Capital Reinsurance Holdings said that it expects third-quarter catastrophe losses of $57.5 million, net of reinsurance and reinstatement premiums. 19 October 2017
Insurance
AIG UK said on Oct. 19 that it has underwritten the first Shariah-compliant warranty and indemnity (W&I) insurance policy issued in the London M&A insurance market. 19 October 2017
Insurance
ARAG Legal Services (UK) is offering personal lines clients insurance to help limit the reputational damage caused by adverse publicity. 19 October 2017
Insurance
The insurtech revolution is already challenging re/insurers, but those who feel they were on the front foot may not have contended with the possibility that change could be much more fundamental than they realised. Paul Cuatrecasas, an expert in acquiring technology companies, tells Intelligent Insurer more. 18 October 2017
Insurance
Insurers must not get wrapped up in the hype around technology and must instead ensure they innovate and invest in technology in a disciplined way, says Paul Mang, Aon’s global CEO of analytics. 16 October 2017
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