International
Executives On The Move at Chubb and AXA XL
Chubb made two senior appoints to its United Kingdom & Ireland Casualty team. AXA XL named a new senior underwriter,Political Risk, Credit & Bond in the UK & Lloyd's market.
P/C Insurers Plan to Boost Their Use of Actuarial Automation: Willis Towers Watson
Property/casualty insurers plan to accelerate their use of automation for actuarial work, a new Willis Towers Watson survey found. What's more, COVID-19 has been a major factor in the trend. The ...
Two InsurTechs Merge, With a Focus on Broadening Embedded Insurance Reach
Two InsurTechs plan to merge in an effort to more broadly tap into embedded insurance demand for travel and other e-commerce businesses. Seeto, which focuses on helping e-businesses build embedded ...
AIG Will Use IPO, Sale to Blackstone, to Unload Pieces of Life/Retirement Biz
American International Group Inc plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc agreed to buy a sizeable stake, according to a person familiar with ...
AXIS Re Promotes Three Executives in Bid to Beef Up Product Leadership Efforts
AXIS Re promoted three executives - two to newly-created positions – as part of an effort to strengthen product leadership within the company. Simon Stirnemann has been promoted to AXIS Re Head of ...
Aviva Warns UK Government Safety Plan for High-Rise Buildings Could Push Away Investors
Aviva Plc, the UK insurer and asset manager, warned the government that new safety proposals for high-rise apartment blocks could steer institutional investors away from the residential property ...
Climate Change Financial ‘Stress Tests’ Need Better Data and Modeling: Global Oversight Body
Climate change financial 'stress tests' will need to be improved with better data and modeling, a new paper by a global oversight body has recommended, but potential losses at individual banks or ...
Travelers Makes ‘Strategic Minority Investment’ in Fidelis Insurance Holdings
The Travelers Companies said it has made a "strategic minority investment" in Fidelis Insurance Holdings, a privately-owned global specialty insurer and reinsurer. Neither side disclosed financial ...