News

Insurance

AIG in $2.5bn debt raise as it acquires Validus

American International Group (AIG) is raising $2.5 billion in debt as it prepares the funding for the acquisition of Bermuda-based Validus Holdings.   22 March 2018

Insurance

Ascent appoints former Arch Europe CEO as non-exec chair

Managing general agent (MGA) Ascent Underwriting has appointed James Weatherstone as non-executive chairman.   22 March 2018

Insurance

GE's $15bn LTC reserve charge read-across to sector by analysts

After General Electric (GE) revealed a $15 billion statutory long-term care (LTC) reserve charge over 7 years in January 2018, KBW analysts mull over potential read-throughs to the industry.   21 March 2018

Insurance

UK P&C outlook negative as challenges are set to last

Rating agency AM Best has a negative outlook on the UK’s non-life market as the negative impact from the challenges the UK sector is facing is likely to last.   21 March 2018

Insurance

Lloyd's hires US Northeast regional director from BMS

Lloyd’s, the specialist insurance and reinsurance market, has appointed Dawnmarie Black as US Northeast regional director.   21 March 2018

Reinsurance

Munich Re pins its hopes on digitisation – but also cuts costs

Munich Re expects its investments in digitisation, data and technology to become the major driver of future growth in its reinsurance operations. The German reinsurance giant sees digitisation as a means of moving the business closer to the end consumer while generating new technology-based products.   20 March 2018

Insurance

Reinsurers targeting primary business will drive growth for Davies Group

As reinsurers seek to diversify, they are increasingly attracted to the primary insurance market and operations management. This is a trend that digital solutions provider Davies Group can benefit from following its acquisition of specialist insurance and professional services provider Ambant last year, its CEO told Intelligent Insurer.   20 March 2018

Insurance

Aon appoints Australian MGA leader from Swiss Re

Broker Aon has appointed Adam Cox as the new director of One Underwriting to lead the company's Australian managing general agent (MGA) business.   20 March 2018

Insurance

JLT Re poaches Aon Benfield Asia CEO

Reinsurance broker JLT Re has hired Vinod Krishnan as CEO of Asia treaty business from Aon Benfield.   19 March 2018

Insurance

Liberty Specialty launches fine art unit in France with Hiscox hire

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has begun underwriting fine art and specie in France with the appointment of Stéphanie de Montricher as senior underwriter.   19 March 2018

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