Industry News
AIG’s UK Arm Underwrites Its First Sharia-Compliant M&A Policy
AIG UK said on Thursday it had underwritten its first sharia-compliant warranty and indemnity policy out of London's M&A insurance market, as the city looks to Islamic finance to help bring new ...
EU Leaders Push May to Offer More in Brexit Talks
European leaders pushed Theresa May to offer more in Brexit talks while also encouraging the British prime minister to aim for a December deadline to move negotiations on to trade. German Chancellor ...
Hamilton Insurance Group Chooses Munich Re’s Albo as New CEO
Hamilton Insurance Group has chosen a Munich Re executive as its next chief executive officer. Pina Albo will become CEO of the Bermuda-based insurer and reinsurer on Feb. 1, 2018, replacing Interim ...
Travelers CEO Schnitzer: ‘Our Disciplined Underwriting Stood Up to the Storms’
While hurricanes hammered Travelers with $700 million in pre-tax catastrophe losses, the property casualty insurer still ended its 2017 third quarter in the black. Travelers reported $293 million in ...
Executives On The Move at Arch Capital Group and Everest Re
Arch Capital Group Ltd. made a number of senior management changes in its worldwide reinsurance group. Everest Re added two new senior underwriters to its London-based team. *** Arch Capital Group ...
AXIS Capital Closes Novae Acquisition, Discloses Revamped Executive Team
AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at Lloyd's, with 2016 global gross written ...
Carrier Innovation Broadening Commercial Insurance Reach in Changing Economy: Swiss Re
Carrier innovation is giving commercial insurance a broader reach as the economy continues to deal with major structural changes, according to a new Swiss Re sigma report. The reinsurer noted that ...
Assurant to Acquire The Warranty Group for $2.5B, With Eye on Quicker Global Growth
Assurant will pay $2.5 billion to acquire The Warranty Group, a rival that provides insurance protection plans in areas including consumer electronics and appliances. Plans call for closing the deal ...