First of Two Articles After 44 years in the insurance business, Stephen Catlin is retiring at the end of 2017. While he’ll be retiring from his role as executive deputy chairman of XL Group, he emphasizes that he won’t be …
Zurich Insurance says its restructuring program is on track to achieve its goals over the next few years, continuing its work on cutting expenses, stabilizing its property and casualty business and rebalancing its portfolio. The proof is in the numbers. …
The London Market Group (LMG) announced that one of the core solutions for improving the London market’s efficiency, called structured data capture (SDC), has gone live for the lines of terrorism, financial lines, marine, property and casualty. By removing the …
Generali has entered into an agreement to sell its Panama business to ASSA Compañía de Seguros S.A., for US$172 million, continuing its strategy to focus on core businesses. Under the transaction, which is subject to regulatory approval, Trieste-based Generali has …
Aon Groep Nederland announced it has entered into an agreement to acquire Utrecht-based broker Unirobe Meeùs Groep (UMG) from Aegon for €295 million ($347.9 million). The transaction is subject to works council advice and approval by the Dutch regulators, and …
The chief executive officer of Quandl is on a mission to let insurance companies know that their data is valuable and professional investors will pay them for it. But a lot of insurers are oblivious to that fact. “We’d like …
Brussels-based insurer Ageas announced it has reached an agreement with BNP Paribas Cardif to sell its stake in Cargeas Assicurazioni (CARGEAS), a non-life, Italian bancassurer, which provides health, homeowner, automobile and credit insurance to individuals and businesses. Ageas and BNP …
The Nature Conservancy (TNC) and Blue Marble Microinsurance announced they have formed a partnership designed to provide microinsurance for small ranchers in Latin America who use a weather-resilient practice called “silvopasture.” Silvopastoral farming is the practice of combining trees with …
The chief executive officer of Quandl is on a mission to let insurance companies know that their data is valuable and professional investors will pay them for it. But a lot of insurers are oblivious to that fact. “We’d like …
Fairfax Financial Holdings Ltd., the Toronto-based investment and insurance company, has successfully completed its acquisition of Allied World Assurance Co. Holdings, for US$4.9 billion – marking the company’s largest purchase yet. Indeed, Prem Watsa, chairman and chief executive officer, has …
