International
XL Group Becomes AXA XL With Merger Closing
As of Sept. 12, XL Group will officially become a part of AXA. The Paris-based global insurer disclosed on Sept. 11 that it now has all regulatory approvals required to complete its acquisition of XL ...
New Guy Carpenter Subsidiary Manages Carrier Quest for Global InsurTech Partners
InsurTech is often touted as the cure that will solve the insurance industry's inefficient and antiquated processes—from distribution to underwriting to claims. While many insurers want to ...
Lloyd’s Still Set for a Radical, High-Tech Makeover, Promises Outgoing CEO Beale
Lloyd's of London's historic base on Lime Street is heading for a radical makeover, with more focus on shared, collaborative spaces along the lines of a WeWork Cos. office, according to its outgoing ...
Global P/C Markets Falling Short on Sustainable Returns: Swiss Re Sigma
Global property/casualty insurance markets are underperforming and have a way to go before producing sustainable returns, Swiss Re said in its latest sigma report. "Most markets remain in a phase of ...
Don’t Expect Reinsurance M&A to Let Up: Fitch Ratings
As global reinsurance executives gathered in Monte Carlo for their annual Reinsurance Rendezvous, Fitch Ratings said it expects consolidation of the industry will continue. Fitch's report echoes ...
After Cyber Attack Hits 380,000 Customers, British Airways Apologizes
British Airways apologized on Friday after the credit card details of hundreds of thousands of its customers were stolen over a two-week period in the most serious attack on its website and app. The ...
Old Practices May Help AIG CEO Duperreault Recapture Insurer’s ‘Lost Shine’
Brian Duperreault, who rejoined American International Group Inc as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail ...
Lloyd’s Chooses Ex-QBE CEO Neal as Its New Leader
Lloyd's of London has chosen former QBE Insurance Group CEO John Neal as its new leader. Neal assumes the role of Lloyd's latest chief executive officer starting on Oct. 15. He succeeds Inga Beale, ...