News
Insurance
Insurance broker Marsh has joined the Enterprise Ethereum Alliance (EEA). 14 March 2018
Insurance
Sirius International Insurance Group is in negotiations to raise around $400 million in equity to help shoulder acquisitions and prepare for an IPO. 14 March 2018
Insurance
Three years after Sirius International Insurance Group was acquired by China Minsheng Investment (CMIG International), the company is rolling out ambitious growth plans and is readying itself for a potential initial public offering, Allan Waters, the company’s chief executive, tells Intelligent Insurer. 14 March 2018
Insurance
The insurance industry in the midst of a customer-led revolution – and the players best equipped to adjust and put customers at the heart of what they do will be the ones that will prosper, Mario Greco, group chief executive of Zurich Insurance, wrote in his foreword in the insurer’s annual report for 2017. 9 March 2018
Insurance
Bermuda-based PartnerRe has revealed that it will exit the upstream energy insurance market having signed a deal to transfer its book of business to Ark Syndicate Management. 9 March 2018
Insurance
The sale of specialty re/insurer Canopius by Sompo Japan Nipponkoa Insurance to a private equity consortium led by Centerbridge Partners has been completed. 9 March 2018
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
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