News
Insurance
German insurer Allianz has appointed Iván de la Sota to its board of management as chief business transformation officer. 9 March 2018
Insurance
The total financial cost, including business interruption, of Storm Emma, which affected a large area of Europe during the second half of February, could reach hundreds of millions dollars – though the figure will very likely be higher, with a high volume of filed insurance claims reported. 9 March 2018
Insurance
Fitch Ratings has threatened to downgrade AXA following the plan to acquire XL Group due to financing risks related to the planned IPO of AXA’s US subsidiary. 7 March 2018
Insurance
Investors were potentially spooked by AXA’s announcement yesterday (March 5) that it will acquire XL Group for $15.3 billion. Its share price fell sharply by around 10 percent as investors worried on a fundamental shift in strategy, according to analysts. 6 March 2018
Insurance
Nicola Harris joins XL Catlin from Allianz Global Corporate & Specialty where she was head of energy & marine, based in Dubai since 2014. Prior to that, she held a number of roles at Marsh in London and then Cape Town, where she was appointed regional leader for power & energy in 2011. 6 March 2018
Insurance
Two subsidiaries of Sompo Japan Nipponkoa Insurance will merge as the companies seek to address “challenges” in the property/casualty insurance industry in Japan and create efficiencies and improved profits. 6 March 2018
News
Cayman Islands-based Greenlight Capital Re has launched its new innovation unit, headed by chief operating officer Michael Belfatti. 6 March 2018
Insurance
Lloyd’s managing agent AEGIS London has hired Carrie Trudeau to manage claims notified by its Canadian coverholders. She joins from Crawford & Company (Canada), where she was director of Lloyd’s and dedicated units. 6 March 2018
Insurance
AmTrust Law, the legal expenses insurance division of AmTrust International, has appointed Ian Coleman and Bob Knock to the roles of senior ATE (after the event) underwriters. 6 March 2018
Insurance
Bermuda-based property /casualty re/insurer Sompo International has unveiled plans to launch a new European specialty insurance underwriting operation in Barcelona run by two senior executives it has hired. 6 March 2018
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