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Former BMA director to oversee cultural transformation at Lloyd’s

Lloyd’s has created an independent advisory group to oversee its cultural transformation that will be headed by Fiona Luck, a former member of the Bermuda Monetary Authority board of directors and current board member at Lloyd’s. 26 September 2019

News

Everest takes full control of Salus Systems

Everest Insurance has acquired all the outstanding shares of its joint venture Salus Systems, which it formed in 2017 in partnership with Charter Partners Community. 26 September 2019

Life

AXA XL makes two promotions in US M&A team

AXA XL has promoted Michelle Jensen and Pietro Tarone to the roles of senior underwriter and underwriter, respectively, in its US M&A insurance team. 26 September 2019

News

AAIS partners with Munich Re to develop flood insurance

The American Association of Insurance Services (AAIS) has partnered with Munich Reinsurance America to improve flood insurance for US homeowners. 25 September 2019

Life

Chubb hire given mandate to increase flood insurance adoption

Chubb has hired Louis Hobson as senior vice president of flood insurance for its North America operations. 24 September 2019

News

Monument Re makes another acquisition

Monument Re has completed the acquisition of Inora Life DAC from the French bank Societe Generale. 24 September 2019

News

AOG H1 results dragged down by financial guaranty segment

American Overseas Group reported a markedly higher operating loss in the first six months of 2019 than it had in the same period last year, which it said was driven by losses in its financial guaranty segment, related to commuted policies and Puerto Rico related credits. 24 September 2019

News

Mutual insurers better capitalised than stock counterparts

Mutual companies were better capitalised that stock companies in 2018, according to a report by the National Association of Mutual Insurance Companies (NAMIC) and Aon. 24 September 2019

News

Insurance industry must tackle gender balance

The insurance industry must do more to address gender balance, according to respondents to a survey conducted by Dive In, the global festival for diversity and inclusion (D&I) in insurance that counts AXA XL, Chubb and Markel among its sponsors. 23 September 2019

News

Bermuda open as Jerry approaches

Tropical storm Jerry is projected to pass over Bermuda, with high winds expected on Tuesday evening, according to the Government of Bermuda. 23 September 2019

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