News
Insurance
Health insurer Aetna, part of US drugstore operator CVS Health, has entered into a four-year reinsurance arrangement with Vitality Re X as part of its long-term capital management strategy. 28 January 2019
News
A report by the UK’s Financial Conduct Authority (FCA) that will assess competition in the wholesale insurance broker sector dominate the International Underwriting Association’s (IUA) agenda, alongside Brexit, in 2019, the representative body has said. 28 January 2019
Insurance
Energy supplier Pacific Gas & Electric Co (PG&E), which has been accused of starting several of the wildfires that decimated parts of California last year, has been cleared of causing the Tubbs Fire by the California Department of Forestry and Fire Protection (Cal Fire), which is responsible for determining the origin and cause and of wildfires. 28 January 2019
Insurance
The UK and Switzerland have signed a deal to ensure insurance businesses from both the countries can continue to trade freely with each other after Brexit. 25 January 2019
Insurance
Though much has been done to ensure a smooth Brexit transition for the UK insurance sector, leaders in the industry warned that EU subsidiaries could take business from London “very quickly” after Brexit. 25 January 2019
News
UK-based RSA Group has unveiled plans to refocus some of its commercial activities while bringing new talent onboard, in a move it hopes will result in growth and development of its CRS and GRS segments. 25 January 2019
News
Increasing claims severity, social inflation and instances of adverse reserve development are now hurting carriers and point to a market in transition, according to a new report by JLT Re called ‘Uncharted Territory at its Market Prospective Event’. 25 January 2019
News
Qatar Re is seeking a new chief executive after Gunther Saacke revealed he will step down from the role at the company’s next board meeting, scheduled for March, and leave the company later this year. 25 January 2019
Insurance
Driverless cars seem destined to redefine the landscape for motor re/insurers—the only question is how quickly. Intelligent Insurer assessed the views of insurance executives in an online survey. 24 January 2019
Insurance
International General Insurance Holdings (IGI), the international specialist commercial insurer and reinsurer, has appointed Nick Garrity as chief executive of its Labuan Branch. He will be based in the Kuala Lumpur office. 24 January 2019
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