News

Insurance

Chaucer joins International Underwriting Association of London

The Hanover-owned Chaucer Insurance Company has joined the International Underwriting Association of London (IUA).   20 February 2018

Insurance

SoftBank seeks Swiss Re board seats: report

Japanese conglomerate SoftBank is seeking to join Swiss Re’s board as it negotiates the acquisition of a minority stake in the reinsurer, according to a Feb. 18 Financial Times report.   19 February 2018

Insurance

2017 nat cat losses prompt Aspen to shut Bermuda unit

Aspen Insurance has closed its Bermuda-based US property insurance unit following high natural catastrophe losses in 2017 that included the recent wildfires in California.   19 February 2018

Insurance

AXIS outlook revised to negative due to insurance operations

AM Best has revised the outlooks to negative from stable of AXIS Capital Holdings and its operating subsidiaries, according to a Feb. 16 press release.   19 February 2018

Insurance

Legal & General partners with Munich Re-backed insurtech for 'on-demand' insurance

UK's life and general insurance provider Legal & General (L&G) has partnered with US-based insurtech start-up Slice Labs to roll out ‘on-demand’ homeshare insurance.   19 February 2018

Insurance

Saga appoints former Zurich exec as new chair

Saga, a UK-based specialist insurer for life after 50, has appointed former Zurich executive Patrick O’Sullivan as chairman with effect from 1 May 2018.   19 February 2018

Insurance

Allianz partners with Cisco, Apple, Aon for cyber solution

Allianz, Cisco, Apple and Aon have joined forces to develop a new cyber risk management solution for businesses.   19 February 2018

Insurance

Enstar finalises reinsurance-to-close transaction with Neon

Enstar Group-owned Lloyd’s managing agency, StarStone Underwriting has finalised a reinsurance-to-close transaction with Neon Underwriting, according to a Feb. 16 press release.   19 February 2018

Insurance

R&Q completes reinsurance to close of Syndicate 3334

Bermuda-based Randall & Quilter (R&Q) has completed a transaction providing capital to support the reinsurance to close (RITC) of Hamilton Underwriting’s Syndicate 3334’s 2014 and prior years of account.   19 February 2018

News

Past US failures make SCOR cautious as it grows US P&C book

French reinsurer SCOR wants to grow its property/casualty portfolio in the US, particularly casualty business. But, stung by the mistakes of the past, it is proceeding with caution, Victor Peignet, CEO of SCOR Global P&C, told Intelligent Insurer.   19 February 2018

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