News

Insurance

AXIS CEO: Third party capital means ‘opportunity’ to offer cheaper reinsurance

Third party capital can help reinsurers lower the cost of capital and therefore coverage and this should be seen as an attractive business opportunity, according to AXIS Capital CEO Albert Benchimol.   16 February 2018

Insurance

Cyber risk management not keeping up with threat

Despite seeing cybersecurity as a top risk management priority, a survey finds out that only few senior executives believe in their organization’s ability to mitigate and respond to a cyber event.   16 February 2018

Insurance

IAG considers options for Asia operations

Insurance Australia Group (IAG) is reviewing its Asian operations after running out of buying opportunities, according to a Reuters Feb. 14 report.   14 February 2018

Insurance

Nexus strikes first of three M&A deals planned for 2018

Nexus Group has acquired Lloyd's coverholder and a specialist directors & officers and financial institutions (DOFI) MGA Apsley Specialty.   13 February 2018

Insurance

Innovation may boost insurance revenues by $375bn

Insurance carriers globally could seize $375 billion in new revenue in the next five years by transforming and revitalizing their businesses, according to a new report from consultancy firm Accenture.   13 February 2018

Insurance

Ryan Specialty snaps up Lodestar Marine

Ryan Specialty Group (RSG) has reached a definitive agreement to acquire Lodestar Marine, a managing general agent (MGA) in the protection and indemnity (P&I) fixed premium marine market.   13 February 2018

Insurance

SoftBank deal to bolster Swiss Re’s competitive advantage

Softbank’s communication and technology expertise and network of hi-tech investments would give Swiss Re a competitive advantage as the re/insurance sector adapts to transformational technologies that will over time test its business model, according to Moody’s.   12 February 2018

Insurance

ArgoGlobal, Barbican lead first Lloyd's motor treaty consortium

ArgoGlobal has led the first Lloyd’s market consortium for motor treaty business, according to a Feb. 12 press release.   12 February 2018

Insurance

XL Catlin appoints China CEO from Guy Carpenter

Re/insurer XL Catlin has appointed Phil Xue as chief executive officer of XL Insurance China.   12 February 2018

Insurance

Chinese firm bids for Greece’s Ethniki Hellenic General Insurance

Rongfeng Holding Group and a related party plan to acquire a majority stake in National Bank Of Greece's insurance unit Ethniki Hellenic General Insurance, according to a Reuters Feb. 12 report.   12 February 2018

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