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Insurance
Insurers have welcomed the investments included in Chancellor Philip Hammond’s Spring Budget announced today,March 8, 2017, but the Insurance Premium Tax remains an issue for the industry. 8 March 2017
Insurance
Insurer MetLife has initiated the regulatory procedure for the planned separation of Brighthouse Financial, which is currently an operating segment of MetLife. 8 March 2017
Insurance
Motor re/insurers face a material one-off reserving hit due to the UK’s Ogden personal injury discount rate cut, hurting profitability, but ratings will remain unaffected, Moody's said. 7 March 2017
Insurance
The insurance industry worries that further levies could be included in the UK government 2017 Spring Budget to be published on March 8. 7 March 2017
Insurance
Aon Risk Solutions (ARS), the global risk management business of Aon, has appointed Julie Page as the chief executive officer (CEO) in the UK with effect from April 1. 7 March 2017
Insurance
Bermuda-based OneBeacon Insurance Group has appointed Manning Rountree as class III director, succeeding Ray Barrette who has retired from the company and its parent White Mountains. 7 March 2017
Insurance
Fairfax Financial Holdings and Allied World Assurance Company Holdings have agreed to extend the deadline by which Fairfax has the option to increase the cash consideration, and correspondingly reduce the Fixed Value Stock Consideration, under the terms of the previously announced definitive merger agreement, to March 10, 2017. 6 March 2017
Insurance
Claims inflation is driving up reserves and impacting results, making further rate increases necessary to stabilise underwriting profitability, Liberty Mutual executives said during a March 2 results presentation. 3 March 2017
Insurance
Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has acquired a US-based private client and commercial lines independent insurance agency Blakestad. 3 March 2017
Insurance
London-based specialist re/insurer THB has appointed Toby Kayll as managing director of the marine division that offers broking services including hull and machinery, liability, cargo, and protection and indemnity. 2 March 2017
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