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Reinsurance broker and consultant JLT Re has appointed Graham Barden and Jon Warner to its aviation team as partners, based in its London office. 11 May 2017
Insurance
Leigh Ann Pusey, the president and CEO of the American Insurance Association (AIA) is stepping down on June 9, 2017 after leading the property/casualty insurance trade organisation since 2009. 11 May 2017
Insurance
Insurance broker Charles Monat Associates (CMA), which has a prominent presence in Asia, has agreed to a management buyout (MBO) to acquire 100 percent of the global wealth solutions business of Willis Towers Watson. 11 May 2017
Insurance
Specialist insurer Tokio Marine Kiln (TMK) has added construction insurance to its portal enabling brokers to quote and bind risks online. 11 May 2017
Insurance
The soft market, M&A and pressure on reserves are bolstering the interest in run-off globally, says Veekash Badal of Milliman. 10 May 2017
Insurance
Insurers have faced a multi-billion dollar bill from natural disaster events occurred worldwide during April 2017, reveals Aon Benfield’s global catastrophe recap report. 10 May 2017
Insurance
Insurance and investment firm Standard Life has revealed in a document that the agreed merger with Aberdeen Asset Management will result in the loss of around 800 jobs. 10 May 2017
Insurance
French insurer AXA has said that it intends to list a minority stake of its US operations in the first half of 2018 to create “significant additional financial flexibility to accelerate AXA’s transformation.” 10 May 2017
News
Hannover Re’s profits slipped slightly in the first quarter but the reinsurer enjoyed strong growth driven by structured reinsurance demand for reinsurance solutions providing solvency relief and growing demand for cyber coverage. 10 May 2017
Insurance
UK insurer Aviva has announced the sale of its 50 percent shareholdings in life insurance and pension joint ventures Unicorp Vida and Caja España Vid, as well as its retail life insurance business Aviva Vida y Pensiones, to Santalucía. The total consideration of the transaction is €475 million. 10 May 2017
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