Markets
UK Consumers Urged to Lodge Claims for Mis-Sold Loan Insurance
Britain's financial complaints body encouraged consumers on Friday to lodge claims for mis-sold loan insurance ahead of an Aug. 29 deadline, despite criticism from some banks that a majority of the ...
Allianz’ PIMCO Helps Boost Insurer’s Q2 Profit
Allianz SE got a boost from bond giant Pimco in the second quarter as its main insurance businesses felt the pinch of low interest rates. Pacific Investment Management Co. attracted 23 billion euros ...
Ortega Becomes New Head of Chubb’s Overseas General Insurance Division
Chubb promoted one of its executives to a key position within its General Insurance division. Juan Luis Ortega has been named president, Overseas General Insurance and he will also have the title of ...
Chubb’s Andrade to Become Everest Re Group’s CEO in Early 2020
A former Chubb executive is slated to become Everest Re Group's new leader by early 2020. Juan Andrade is initially joining the Bermuda-based reinsurer as chief operating officer on Sept. 1, 2019. ...
11 InsurTech Startups Join Lloyd’s Innovation Accelerator Program
Eleven new InsurTech startups are joining Lloyd's of London's innovation accelerator program. More than 130 applications came in from across the world for the third cohort of the Lloyd's Lab, its ...
Satellite Crash Will Send Space Insurance Costs Rocketing
Space rockets and satellites are likely to cost more to insure after the European Vega rocket crash this month, which hit insurers with a record space market loss of 369 million euros ($411.21 ...
Swiss Re Hit With Ethiopian Airlines, MAX and Natural Catastrophe Claims
Swiss Re's first-half net profit fell 5.3 percent, as claims relating to the Ethiopian Airlines crash and the subsequent grounding of the Boeing 737 MAX, plus natural catastrophes took their toll. ...
Aviva Considers Possible Sale of Asian Unit as Overhaul Continues
Aviva Plc is considering options for its Asian business including a possible divestment of the unit as its new chief executive officer seeks to overhaul the British insurer, people familiar with the ...