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Insurance
Willis Towers Watson has appointed Alexis Faber as chief operating officer within its corporate risk and broking segment. She will transition from her current role as global head of financial lines. 6 March 2018
Insurance
JLT Specialty, a subsidiary of Jardine Lloyd Thompson Group, has launched a new cyber insurance policy for the airline industry covering business interruption and data breach risks. 6 March 2018
Insurance
Munich Re has appointed Jill Beggs, senior vice president and head of new strategic markets at Munich Reinsurance America, to its US property and casualty executive board. 6 March 2018
Insurance
Automation has arrived in the insurance market and will revolutionize many roles, especially that of the underwriter. But companies must develop a long-term strategy designed to embrace automation rather than just seek short-term wins. 6 March 2018
Insurance
The insured property market losses from extratropical cyclone Zeus, which primarily affected France on 6 and 7 March 2017, has reached €272 million, according to Zurich-based catastrophe insurance data provider PERILS. 6 March 2018
Insurance
AXA’s business mix will fundamentally change once its acquisition of XL Group is completed. Property/casualty (P&C) business will represent half its book of business as it diversifies away from being mainly a life & savings insurer. 5 March 2018
Insurance
XL Group hopes that being owned by AXA will help open up new markets for its specialty products, Gregory Hendrick, XL president, property & casualty, said on a March 5 presentation on the deal. 5 March 2018
Insurance
One of AXA’s many motives in buying XL Group is the reinsurance portfolio it comes with, which will offer further diversification, and also the access to the capital markets that now comes hand in hand with this. 5 March 2018
Insurance
Czech Republic-based reinsurer VIG Re has realigned its organisational structure and management responsibilities. The changes, which it claims will drive “operational efficiencies”, are effective from April 1, 2018. 5 March 2018
Insurance
JLT Specialty, a subsidiary of Jardine Lloyd Thompson Group, has launched a new global automotive division amid the increasing appetite for autonomous vehicles, significant advances in vehicle connectivity, changing consumer behaviour and tightening environmental regulations. 5 March 2018
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