AXA’s H1 Net Income Drops 19% on Hit From Spinoff of Equitable in U.S. August 1, 2019 By Will Hadfield and Andrew Blackman AXA SA’s shift away from life insurance yielded growing volumes and improved profitability as a restructuring move hit the bottom...
AXA XL Appoints Fumagalli as Head of International Financial Lines, Europe July 31, 2019 AXA XL Insurance announced the appointment of Simona Fumagalli as head of International Financial Lines, Europe, based in Milan. In...
Arch Capital to Acquire UK-Based Barbican Group Holdings July 31, 2019 Arch Capital Group Ltd. has entered into an agreement to purchase Barbican Group Holdings Ltd. from funds managed by Carlson...
Space Insurance Premiums Could Double After European Vega Rocket Crash July 31, 2019 By Carolyn Cohn, Tom Sims and Noor Zainab Hussain Space rockets and satellites are likely to cost more to insure after the European Vega rocket crash this month, which...
Swiss Re-Backed Insurer FWD Eyes China Expansion Ahead of Potential IPO July 31, 2019 By Sumeet Chatterjee Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its...
Swiss Re H1 Profit Hit by Ethiopian Airlines Crash, Grounding of Boeing 737 MAX July 31, 2019 Swiss Re’s first-half net profit fell 5.3%, as claims relating to the Ethiopian Airlines crash and the subsequent grounding of...
Epoq Legal Introduces Business Risk Protection Service for Legal Claims July 31, 2019 Insuretech service provider Epoq Legal has rolled out a new service designed for small- to medium-sized enterprises as either an...
Willis Towers Watson, Lockton, Markel International Appoint New Cyber Chiefs July 30, 2019 Willis Towers Watson, Lockton and Markel International each have appointed new cyber chiefs. Willis Towers Watson has appointed Peter Foster...
UK Recorded Highest-Ever Temperature in Last Week’s Heatwave July 30, 2019 By Brian K. Sullivan The U.K. was never hotter. Last week temperatures reached 101.6 degrees Fahrenheit (38.7 Celsius) at the Cambridge Botanic Garden on...
UK Aims to Renegotiate a Brexit Deal – with Resistant EU July 30, 2019 By Tim Ross UK Prime Minister Boris Johnson will spend the next few weeks pressing the European Union to negotiate a better Brexit...