Industry News
14 Commercial Insurance Lines Face Upward Pricing Pressure in 2019: Willis Towers Watson
Expect upward pricing pressure on 14 commercial insurance lines in 2019, with likely decreases in another two, Willis Towers Watson predicts in its latest report. Higher losses in casualty insurance ...
The Latest Launches From Slice Labs/AXA XL and Roost
Slice Labs and AXA XL partnered on a new cyber insurance policy. Roost and Iceland's TM Insurance will link up in a deal that will expand access to its home telematics products. *** Slice Labs Inc. ...
Brexit Talks Near Final Stages as UK Cabinet Briefed on Deal Details
U.K. Prime Minister Theresa May has begun briefing her Cabinet on the text of the almost-complete Brexit deal, as her negotiators seek to finalize the last outstanding issue in Brussels. Senior ...
JLT Shareholders Sign Off on Planned Marsh & McLennan Acquisition
Marsh & McLennan Cos. Inc. said its $5.6 billion acquisition of broker Jardine Lloyd Thompson Group plc has been approved by JLT's shareholders. Of those shares voted, 99.9 percent voted in favor ...
Insurance, Banking CFOs Are Becoming Key Players in Their Companies’ Digital Transformation: Accenture
Chief financial officers at insurers and banks are increasingly important to their companies' digital transformation, according to a pair of new research studies from Accenture. The studies, one for ...
AIG Will Exit Iran-Related Cargo Insurance Biz, Thanks to Trump Sanctions
American International Group Inc is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by ...
Sirius International Is Now a Public Company, Thanks to Easterly Merger
Sirius International Insurance Group Ltd. is now a public company. The global multiline insurance and reinsurance group accomplished this by closing its previously announced merger with special ...
Insurance Linked Securities Reached Record Levels in Q3: Willis Re
The issuance of non-life insurance-linked securities during the third quarter reached a record $1.6 billion, according to a report published by Willis Re. The total exceeds the former Q3 record of ...