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Insurance
Sompo launches automated casualty fac reinsurance operation with Maiden Re hire
Bermuda-based specialty re/insurer Sompo International Holdings has formed a new casualty facultative reinsurance operation to be led by Dave Adams who is joining from Maiden Re.   10 October 2018
Insurance
Fitch keeps AXIS outlook ‘negative’ due to adverse earnings trends
Fitch Ratings has affirmed the 'A+' (Strong) Insurer Financial Strength (IFS) ratings of the operating subsidiaries of AXIS Capital Holdings and AXIS Capital's 'A-' Issuer Default Rating (IDR) but has kept the Rating Outlook as Negative.   10 October 2018
Insurance
QBE North America names new transactional liability & financial institutions leaders
Specialist insurer QBE North America has appointed Toria Lessman and Stacey Meade as new heads of transactional liability and financial institutions businesses, respectively.   10 October 2018
Insurance
Insurance M&A deal values to more than double in 2018
Deal values across property/casualty (P&C) and life insurance are expected to more than double in 2018, marking the second-busiest year since 2005, according to S&P Global Market Intelligence.   9 October 2018
Insurance
ArgoGlobal appoints new Asia chief underwriting officer
ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has appointed Michael Scala as chief underwriting officer, Asia Pacific.   9 October 2018
Insurance
Typhoon Mangkhut insured losses up to $2bn
Industry insured losses from Typhoon Mangkhut in mainland China, Hong Kong, and Macau will be between $1 billion and $2 billion, according to estimates by catastrophe risk modeling firm AIR Worldwide.   26 September 2018
Insurance
AXA XL reveals senior promotions in Bermuda/Dublin
Re/insurer AXA XL has revealed two senior promotions within its excess casualty insurance business in Bermuda and Dublin.   26 September 2018
Insurance
Navigators acquisition offer by The Hartford prevails
The 30-day “go-shop” period in which the Navigators Group was seeking alternative acquisition offers has expired on Sept. 21 without a submission of a more attractive alternative to the one from The Hartford Financial Services Group.   26 September 2018
Insurance
Tokio Marine poaches QBE, Gallagher talent for professional risks unit
Speciality insurer Tokio Marine HCC has added three new underwriters from QBE, Gallagher and Kennedys to its professional risks teams.   26 September 2018
Insurance
Manulife funds AI research on disability claim, fraud detection
Canadian multinational insurance and financial services company Manulife has entered into four-year $400,000 partnership with the Waterloo Artificial Intelligence Institute at the University of Waterloo.   26 September 2018

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