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Insurance
Commercial and industrial property insurer FM Global has been granted insurance license in Luxembourg where it will set up a new hub to write business across the European Economic Area (EEA) once the UK leaves the European Union. 31 May 2017
Insurance
Bermuda-based property/casualty re/insurer Sompo International is acquiring the renewal rights to Novae’s financial institutions (FI) portfolio which had annual gross written premiums in excess of $25 million. 31 May 2017
Insurance
The Association of British Insurers (ABI) called the latest increase in the government’s Insurance Premium Tax (IPT) to 12 percent coming into effect on June 1 a continuation of the ‘raid on the responsible’. 31 May 2017
Insurance
Italy’s major insurer Assicurazioni Generali said that it has sold 510 million of ordinary shares of Intesa Sanpaolo, equal to 3.04 percent of its overall share capital, which it had bought in January to fend off a possible hostile takeover from the retail bank. 31 May 2017
Insurance
Analysts have expressed optimism about the outlook for American International Group (AIG) after it implemented steps to improve performance and changed management. 31 May 2017
Insurance
US-based property/casualty insurer The Hanover Insurance Group has elected Michael Price to its board of directors. He will serve on the board's audit committee. 31 May 2017
Insurance
Specialist insurer Markel International has appointed Hannah Purves and Simon Wilson to the boards of Markel Syndicate Management and Markel International Insurance Company. 31 May 2017
Insurance
Insurance Thought Leadership (ITL), a global network of thought leaders and decision makers, has appointed Guy Fraker as chief innovation officer. 31 May 2017
News
General Insurance Corporation of India (GIC Re), the national reinsurer, has achieved a growth in premium income of 82.2 per cent during the 2016-17 financial year. 30 May 2017
Insurance
Property/casualty insurer Chubb has appointed Kyle Bryant to the newly-created role of regional cyber risk manager, Europe. 30 May 2017
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