News
Insurance
Australia-based QBE Insurance Group returned to profit last year helped by "significantly reduced catastrophe claims", after an extreme 2017, and a robust cost-cutting programme. 25 February 2019
Insurance
Specialty re/insurer Brit has completed the fifth annual renewal and expansion of its Bermuda domiciled special purpose insurer Versutus. 25 February 2019
Insurance
Liberty Specialty Markets (LSM), a part of Liberty Mutual Insurance Group, has entered the casualty market in Italy for the first time, recruiting Paolo Pitton to lead the initiative. 11 February 2019
Insurance
Markel year end results showed losses in shareholder income as the company was affected by declines in both our fixed income and equity portfolios, driven by an increase in interest rates and unfavorable movements in the equity markets during 2018, the co-chief executive officers Thomas S. Gayner and Richard R. Whitt said. However, the two leaders pointed to a more optimistic year ahead saying they are “excited” about the strategic opportunities of the Nephila acquisition competed in the fourth quarter of 2018. 6 February 2019
Insurance
London-based insurtech Zego, a provider of pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, has partnered with France-based La Parisienne Assurances (LPA) to expand its services across Europe. 6 February 2019
Insurance
Specialist insurance and reinsurance market Lloyd’s has appointed David Duclos as non-executive chairman of Lloyd’s Global Network, where he will play a key advisory role in the development of Lloyd’s international network. 6 February 2019
Insurance
Specialist insurer Beazley has created a new division, called cyber and executive risk (CyEx), to be led by Mike Donovan. 6 February 2019
Insurance
Specialist insurer Hiscox has led a $58 million Series D funding round of insurtech CoverHound, with additional investors including Chubb, Aflac Ventures and Japan-based MS&AD. 6 February 2019
Insurance
Chubb 2018 results show “a very good year” despite higher catastrophe losses than expected, said Evan G. Greenberg, chairman and chief executive officer of the property and casualty insurance firm. 6 February 2019
Insurance
Pacific Gas & Electric Corporation and its operational subsidiary PG&E Company, the company accused of starting several of California’s record-breaking wildfires in 2017 and 2018, has filed for Chapter 11 bankruptcy protection. 30 January 2019
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