News

Insurance

Insurance M&A deal values to more than double in 2018

Deal values across property/casualty (P&C) and life insurance are expected to more than double in 2018, marking the second-busiest year since 2005, according to S&P Global Market Intelligence.   9 October 2018

Insurance

Generali launches cyber security subsidiary

Italian insurer Generali has launched a new cyber insurance function and a startup company to offer innovative cyber risk assessment solutions through its web-based platform in Europe, Asia and the Americas.   9 October 2018

Insurance

Chaucer hires from Qatar Re to expand treaty business in growing markets

Speciality insurer Chaucer has hired Rajeev Menon as regional treaty underwriter for Asia, MENA and the Indian-Sub-Continent from reinsurer Qatar Re.   9 October 2018

Insurance

Willis strikes global insurtech partnership with Plug and Play

Broker Willis Towers Watson has entered into an international insurtech partnership with Plug and Play, a startup accelerator and corporate innovation platform, to access latest technological innovation.   9 October 2018

Insurance

Beale was trolled as she took the helm at Lloyd’s: report

Outgoing Lloyd’s CEO Inga Beale has received sexist and homophobic abuse when she became the first female CEO of Lloyd’s of London, according to The Times.   8 October 2018

Insurance

Tropical storm Michael to turn into hurricane

Tropical storm Michael is expected to become a hurricane and carry strong winds and rain to Cuba, Florida and southern Georgia, according to the National Hurricane Center (NHC).   8 October 2018

Insurance

Marsh can cope with debt burden after JLT acquisition: S&P

Following an in-depth business and financial review, S&P Global Ratings believes Marsh&McLennan (MMC) will likely be committed to and able to de-lever back to a range appropriate for the firm’s current rating despite a very significant increase in debt to fund its acquisition of insurance broker JLT.   8 October 2018

Insurance

Lancashire issues Q3 profit warning after marine, cat losses

Lancashire Holdings has issued a profit warning for its third quarter 2018 results due to losses in its marine and catastrophe re/insurance portfolios.   8 October 2018

Insurance

CNA Hardy exits Lloyd’s property treaty/marine hull; senior duo departs

Specialist commercial insurer CNA Hardy has confirmed its plan to exit property treaty, marine hull and construction/erection all risks (CAR/EAR) business on the Lloyd’s platform.   8 October 2018

Insurance

Lockton Capital Markets hires experts for insurtech expansion

Broker Lockton has hired two financial services and technology experts from Citibank and Deutsche Bank for its recently launched capital markets unit.   8 October 2018

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