News
Insurance
Zurich Insurance Group has seen growth in its property/casualty (P&C) business in Latin America and Asia Pacific, but this expansion was offset by actions focusing on profitability in North America. 9 May 2018
Insurance
After consolidating and streamlining the business on the back of the merger of Willis Group Holdings and Towers Watson, Willis Towers Watson is again getting ready for merger & acquisitions (M&As), CEO John Haley said during the first quarter results conference. 9 May 2018
Insurance
A report commissioned by XL Catlin examined the changes happening in the oceans and how the global insurance sector should prepare for the potential consequences. 9 May 2018
Insurance
UK-based Legal & General is partnering with The Co-operative Bank to offer a range of home insurance products. 9 May 2018
Insurance
President Donald Trump has approved a major disaster declaration for the damage incurred by severe storms, flooding, landslides and mudslides between April 13 -16, 2018 on the Hawaiian islands of Kauai and Oahu. 9 May 2018
Insurance
Australia and New Zealand Banking Group (ANZ) has finalised a reinsurance arrangement with Zurich and has received around $1 billion of reinsurance proceeds. 8 May 2018
Insurance
Berkshire Hathaway has reduced net earned premium in its re/insurance operations by 38.5 percent year on year to $13.37 billion in the first quarter of 2018 driven by the Berkshire Hathaway Reinsurance Group unit, according to KBW research. 8 May 2018
Insurance
Innovative Coverage Concepts (ICC), a wholesale broker and managing general agency (MGA), has appointed Joe Chamberlain as chief operating officer. 8 May 2018
Alternative Risk Transfer
Bermuda-based specialist insurer Hiscox has grown gross written premiums by 24.3 percent year on year to $1.16 billion in the first quarter of 2018 as Hiscox London Market and Hiscox Re & ILS took advantage of the hardening market at the Jan. 1 renewals. 8 May 2018
Technology
Managing general agents are partnering with insurtech firms—a trend that could transform the sector and the very nature of MGAs, Peter Staddon, managing director of the Managing General Agents’ Association, tells Intelligent Insurer. 4 May 2018
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