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Insurance
Aioi Nissay Dowa Insurance Europe (the ANDIE Group), a unit of Tokyo-based MS&AD Group, plans to purchase the remaining 24.99 percent of shares of Box Innovation Group (BIGL), which includes the brands insurethebox and drive like a girl. 16 January 2018
Insurance
Shipowners could find that their vessels are deemed unseaworthy and their insurance cover is affected by failing to comply with more stringent sulphur emissions (SOx) regulations, according to insurance broker Marsh. 15 January 2018
Insurance
The UK chief executive of AXA intermediated and direct will leave the business with immediate effect and not be replaced, the company has revealed. The revelation comes alongside a major management overhaul in the business. 12 January 2018
Insurance
The CEO of UK motorcycle broker Carole Nash will leave the business the end of March 2018, its new owner Ardonagh Group has revealed. 11 January 2018
Insurance
The family that originally helped found AmTrust Financial Services has partnered with private equity funds managed by Stone Point Capital to propose taking the troubled insurer private in a deal worth around $1.4 billion. 10 January 2018
Insurance
A wide swath of rating movements for North American property/casualty (P/C) insurers due to capital pressure is unlikely, S&P Global Ratings has surmised having completed a stress test on the sector. 10 January 2018
Insurance
JLT Specialty, a subsidiary of Jardine Lloyd Thompson Group (JLT), has appointed Lucy Clarke as chief executive (CEO) of the group’s worldwide insurance broking activities. She was previously CEO of its marine and energy businesses. 10 January 2018
Insurance
AM Best is maintaining its 2018 outlook for the US property/casualty reinsurance sector at negative, citing the pronounced pressure on US property catastrophe rates as the alternative capital market presence in the property catastrophe space continues to grow. 10 January 2018
Insurance
Blackstone Insurance Solutions, a new business launched by private equity group Blackstone, has hired the former president of New York Life’s Investments Group as its chief executive. 10 January 2018
Insurance
Specialist insurer Hiscox has appointed Eric Micheals as chief underwriting officer in the US. He replaces Nicole Goodwin, who is retiring. 10 January 2018
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