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Insurance
Wu Xiaohui, the former chairman of Anbang Insurance Group, has appealed his conviction for fraud and embezzlement, the Financial Times reported on May 30 citing his lawyer. 30 May 2018
Insurance
New Zealand-based Tower has been impacted by severe and unprecedented weather and a settlement of a Peak Re dispute resulting in a half year loss of NZ$11.6 million ($8.04 million) for the half year ended March 31, 2018 compared to a loss of NZ$8.2 million in the same period a year ago. 30 May 2018
Insurance
Advisory firm Egan-Jones has joined Glass Lewis in recommending that AmTrust Financial Services stockholders vote "FOR" the company's merger agreement at the special meeting of stockholders on June 4, 2018. 30 May 2018
Insurance
The insured loss in the US from Subtropical Storm Alberto will be close to $50 million, according to Karen Clark & Company (KCC) estimates. 30 May 2018
Insurance
Malaysia’s national reinsurer Malaysian Re has signed a memorandum of understanding (MoU) with Argo Managing Agency, which manages ArgoGlobal Syndicate 1200 and Ariel Re Syndicate 1910 at Lloyd’s, for the provision of underwriting and technical support. 30 May 2018
Insurance
Flock, a London-based startup that wants to use of real-time data in insurance, has raised a£2.25 million seed funding round from a range of global investors. 29 May 2018
Insurance
The CEO and chairman of Austria’s UNIQA Insurance Group, Andreas Brandstetter, has been elected president of the European insurance and reinsurance federation (Insurance Europe) for a term of three years. 24 May 2018
Insurance
California-based insurtech startup Ladder as secured $10 million strategic investment from Allianz Life Ventures and Northwestern Mutual Future Ventures. 16 May 2018
Insurance
Re/insurer XL Group has revealed several organisational and leadership changes ahead of the planned integration with the AXA Group. The move has led to the departure of top executives such as chief executive of global lines Doug Howat and chief experience officer Paul Jardine. 15 May 2018
Insurance
Allianz has benefited from better underwriting result in the first quarter of 2018 in property/casualty (P&C) but investment income mostly offset this improvement. 15 May 2018
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