International
Executives On The Move at AIG, QBE North America and Aspen Re
An Accenture veteran is joining AIG to fill a leadership role within its General Insurance Division. QBE North America appointed a new president, Alternative Markets. Aspen Re named a Tokio ...
The U.S. Faced Record Reports of Tornadoes, Hail, Winds in May: Aon
The U.S. dealt with close to 4,400 reports of tornadoes, hail and straight-line winds in May, the most since 2011, according to weather data cited by Aon's monthly Global Catastrophe Recap report. ...
Swiss Re Moves Ahead With Planned $4.5B IPO for UK Life Biz
Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put it under a more favorable regulatory regime and give it easier access to capital to fund ...
Carrier/InsurTech Partnerships Offer Short-Term Benefits: J.D. Power Expert
Carriers seeking to build up their InsurTech capacity face a number of choices to get there—some quite pricey. In the short term, partnerships may be the most cost-effective and least risky way to ...
AIG Appoints Validus Re’s Driscoll to General Insurance Leadership Role
American International Group appointed the former CEO of Validus Re to a leadership role within its General Insurance unit. Ken Driscoll was named Global Chief Underwriting Officer for Property and ...
Market Hardening Could Benefit Reinsurers Through 2019: S&P
Following disappointing reinsurance pricing increases in 2018 and early 2019, it seemed that no amount of catastrophe losses would be sufficient to harden the overall market. However, during this ...
California Utility Reportedly Planning $11B Fund to Resolve Wildfire Claims
PG&E Corp. has spoken to lawmakers about putting together a pool of capital worth about $11 billion to settle claims related to wildfires blamed on the bankrupt California utility, according to ...
Aviva Will Slash 1,800 Jobs Globally and Overhaul UK Business
British insurer Aviva will restructure its British business and cut costs across the firm with the loss of 1,800 jobs globally as it new chief executive seeks to make the business more competitive. ...