News

Insurance

GDPR fines only insurable in two countries

GDPR (General Data Protection Regulation) fines which can reach up to 4 percent of a group's annual global turnover are only insurable in Finland and Norway from a group of 30 reviewed jurisdictions, according to Aon and DLA Piper research.   16 May 2018

Insurance

Weather Analytics merges with Athenium

Weather Analytics, a US-based provider of risk information for insurance carriers, has acquired and merged with Athenium. The new entity will operate as Athenium Analytics.   16 May 2018

Insurance

Top executives depart XL in management shake-up ahead of AXA takeover

Re/insurer XL Group has revealed several organisational and leadership changes ahead of the planned integration with the AXA Group. The move has led to the departure of top executives such as chief executive of global lines Doug Howat and chief experience officer Paul Jardine.   15 May 2018

Insurance

Reinsurance MGA, marine specialist form joint venture

Belgium-based reinsurance managing general agency (MGA) FourteenZeroFive and marine group 24Vision.Solutions formed a joint venture to facilitate the take up of reinsurance for engineering and energy placements across Africa.   15 May 2018

Insurance

Allianz improves P&C Q1 underwriting but investment results weigh

Allianz has benefited from better underwriting result in the first quarter of 2018 in property/casualty (P&C) but investment income mostly offset this improvement.   15 May 2018

Insurance

Arch CFO returns to AIG as chief actuary for general insurance

American International Group (AIG) has rehired Mark Lyons as senior vice president and chief actuary, general insurance.   15 May 2018

Insurance

US P&C net income drops 15.8% in 2017

Private US property/casualty insurers saw catastrophe losses suppressing the industry's net income after taxes to $36.1 billion in 2017, a 15.8 percent decline from a year earlier, according to Verisk unit ISO.   15 May 2018

Insurance

CBL liquidation suggested by administrator

The administrator of New Zealand-based CBLC, the ultimate parent of CBL group of Companies (CBL group), has recommended the liquidation of the re/insurance company.   15 May 2018

Insurance

Arch Capital reveals new CFO replacing Lyons

Bermuda-based Arch Capital Group (ACGL) has appointed François Morin as executive vice president and chief financial officer (CFO), reporting to president and CEO of ACGL Marc Grandisson.   15 May 2018

Insurance

RSG's SafeWaters hires US head of cargo from AXA

Ryan Specialty Group-owned SafeWaters Underwriting Managers has appointed Kevin Kempf as vice president, head of cargo, US.   15 May 2018

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