News

Insurance

Japan's insurers absorb record cat losses

The three major Japanese non-life insurance groups - Tokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings – have incurred their biggest annual catastrophe loss on record in the first half of the financial year ending March 2019 (FYE19), according to Fitch Ratings.   26 November 2018

Insurance

B3i raises funding, targets commercial blockchain market

The blockchain insurance industry initiative B3i is finalising a funding round as it plans to target the commercial insurance market.   23 November 2018

Insurance

Lloyd's COO Khoury-Haq resigns

Shirine Khoury-Haq, chief operating officer (COO) of specialist insurance and reinsurance market Lloyd's of London, is leaving the corporation after five years.   21 November 2018

Insurance

AXA receives $1.8bn from US life unit stake sale

AXA has completed a secondary common stock offering of its US life and asset management business Equitable Holdings (EQH) for net proceeds of $1.8 billion.   21 November 2018

Insurance

Liberty Mutual shakes up excess casualty unit

Property/casualty insurer Liberty Mutual is realigning its excess casualty operations and increasing its capacity to $100 million.   21 November 2018

Insurance

Tokio Marine taps AXIS marine head for London Market unit

Speciality insurer Tokio Marine HCC has hired AXIS Capital's head of marine as part of its growth strategy in the marine insurance market.   21 November 2018

Insurance

Mapfre invests €25m in insurtech venture fund

Spanish re/insurer Mapfre is investing €25 million in Alma Mundi Insurtech Fund that focusses on startups in the insurance sector.   21 November 2018

Insurance

Record high cat losses hit Japan’s P&C insurers

The costs from the extensive casualty and property damage caused by these catastrophes such as typhoons Jebi and Trami are likely to result in record high gross domestic wind/flood catastrophe losses to the Japanese property and casualty (P&C) insurance industry in fiscal year 2018, according to Moody’s.   21 November 2018

Insurance

JLT Re CEO steps down

Mike Reynolds, CEO of JLT Re has stepped down from his position.   21 November 2018

Insurance

Generali to invest €1bn in digital innovation

Italian insurer Generali wants to invest around €1 billion in internal strategic initiatives for innovation and digital transformation as part of its 2021 three-year strategic plan.   21 November 2018

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