All News articles – Page 122
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NewsLondon market startup Inigo received launch go-ahead
New London insurance group Inigo has received approval in principle from the Corporation of Lloyd’s and will start underwriting for 2021.
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NewsAM Best places credit ratings of GIG under review with developing implications
The under review with developing implications status reflects AM Best’s uncertainty over the group’s post-acquisition risk-adjusted capitalisation, leverage and liquidity.
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People & OpinionChubb Names John Keogh President
He will continue to report to Evan G. Greenberg, Chairman and Chief Executive Officer, and his current broad companywide responsibilities remain unchanged.
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NewsReinsurer Conduit rises 5% after pricing $1.1 billion London IPO
The company sold 164.13 million shares at 500 pence per share, it said earlier in the day. By 1100 GMT, they had risen to 526 pence.
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NewsNewly launched London market broker begins trading
A new independent London market intermediary Ballantyne Brokers has begun business.
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NewsAustralia’s Westpac sells general insurance unit to Allianz for $535 million
The transaction is the latest in a series of sales of underperforming insurance assets by the country’s Big Four banks, as lenders re-focus on local core operations, after a series of scandals ramped up regulatory scrutiny on the sector.
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NewsCoal is increasingly uninsurable in 2020, but industry fails to act on oil and gas
U.S. and Asian insurers, along with Lloyd’s market, fail to act
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NewsAXA ‘very well positioned’ post-Covid as it works towards 2023 strategy
AXA has revealed that it is “well positioned” for growth post Covid-19, catering to the new insurance needs of customers and society, its chief executive Thomas Buberl said.
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NewsEIOPA must not undermine the ability of insurers to use reinsurance to manage risk
While EIOPA has acknowledged reinsurance as an effective way to mitigate risks that an insurer either cannot bear on its own or does not have the appetite to do so, insurers are concerned that the draft supervisory statement could restrict the valid use of reinsurance RMT.
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NewsAmWINS to acquire Bermuda-based International Specialty Brokers
ISBL will join AmWINS Brokerage and become AmWINS Bermuda January 1, 2021
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NewsCore Specialty announces completion of Starstone U.S. recapitalisation
Core Specialty announced today that it has completed the recapitalisation of StarStone U.S.. The recapitalisation was led by ’the investors’ - SkyKnight, Dragoneer Aquiline.
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NewsMunich Re announces profit target of €2.8bn for 2021; Profit outlook of €1.2bn for 2020
The Group expects financial consequences from COVID-19 next year as well, but on a considerably smaller scale than in 2020.
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People & OpinionAXIS Re hires David Bangs as Head of Japan
Mr. Bangs joins AXIS Re from Willis Re Singapore where he served as Executive Director.
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Latest IssueGlobal Reinsurance Annual Edition 2020
The 2020 renewal season has been a sombre affair on many fronts, not least because it has involved virtual negotiations in this new normal
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NewsOman Insurance gains double-digit in third-quarter 2020 net profit, to Dh160.2m
Oman Insurance has maintained its gross premium numbers during this difficult phase for the wider economy.
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NewsBest: Europe’s Captive segment poised for growth amid hardening Insurance conditions
Commercial insurance rate increases are expected to drive an uptick in new captive formations and greater utilisation of existing captives in Europe, according to a new AM Best report.
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NewsU.S. insurers dig into corporate diversity practices as lawsuits pile up
U.S. insurers are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits over a lack of diversity among top executives and directors, industry sources said.
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NewsAviva completes sale of majority shareholding in Aviva Singapore
As stated in the Q3 announcement, the cash proceeds will be used to support Aviva’s debt reduction target.
