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Specialty insurance provider Assurant and warranty solutions provider The Warranty Group, a portfolio company of TPG Capital, have entered into a definitive agreement to merge operations. 18 October 2017
Insurance
Bermuda-based AXIS Capital Holdings said on Oct. 18 that Novae will adopt the AXIS brand and its insurance business will be merged into AXIS’ international insurance division, led by its CEO, Mark Gregory, who reports to Pete Wilson, CEO of AXIS Insurance. 18 October 2017
Insurance
American International Group (AIG) said on Oct. 18 that it has partnered with United Airlines to offer its travel insurance products and services on the airline’s website and mobile app. 18 October 2017
Insurance
Insurance broker MAI CEE has hired Petr Antošík to fuel its Central and Eastern European expansion. 11 October 2017
Insurance
The nat cat loss estimate of $2.9-$3.1 billion for American International Group’s (AIG) third quarter are manageable, Morgan Stanley analysts said in an Oct.9 research note. 11 October 2017
Insurance
Aon Consulting has filed a lawsuit against Marsh over misappropriation of trade secrets, deceptive trade practices, unfair competition, and tortious interference with a prospective economic advantage. 10 October 2017
Insurance
Wildfires swept through Northern California’s world-famous wine country, destroying homes and businesses, Reuters reported on Oct. 9. 10 October 2017
Insurance
Zurich Insurance has entered into a new long-term capacity deal with Harrogate-based specialist agricultural insurer Rural Insurance. 10 October 2017
Insurance
American International Group (AIG) said on Oct. 9 that it expects to report third quarter 2017 pre-tax catastrophe losses net of reinsurance of $2.9 billion to $3.1 billion ($1.9 billion to $2.0 billion after-tax). 10 October 2017
Insurance
Bermuda-based Validus Holdings said on Oct. 9 that it expects to record losses from third quarter natural catastrophes in the amount of $378.9 million. 10 October 2017
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