Aon and Willis Towers Watson have decried the filing of five legal cases across the US by “purported” shareholders and slammed the complaints for being “without merit”.
AIG reported an underwriting loss of $343m (£262.8m) for general insurance business in the second quarter of 2020.
RSA will look to cut further costs in its UK arm, RSA CEO Stephen Hester confirmed as the insurer released it first half results for 2020.
In a half year results call, Marsh and McLennan CEO Dan Glaser aired a “personal” view that the Aon and Willis Towers Watson merger will be negative for clients and the market .
Tysers has appointed Clive Buesnel as CEO joining from Deloitte where he was UK head of insurance.
Swiss Re has predicted $2.5bn (£1.96bn) of pre-tax Covid-19 losses in the first six months of 2020 will drive its half year results to a $1.1bn loss.
QBE has predicted it will deliver a $750m (£581.7m) post tax loss when its half year results for 2020 are published next month.
Munich Re was hit by €700m (£631.7m) of Covid-19 related reinsurance losses in the second quarter taking its year to date figure to €1.5bn, the reinsurer has revealed.
The industry has found itself under the spotlight for all the wrong reasons during the Covid-19 pandemic. However, one area where it should be singing its praises is life sciences. Post investigates how brokers and insurers have supported the quest for…
Howden Broking Group has appointed Barnaby Rugge-Price as chair returning to the helm of the broking business from his recent position as CEO of Hyperion X.
Zurich Insurance is offering all UK employees a Covid-19 antibody (serology) test for free.
Capsicum Re’s new chairman Raja Balasuriya is a “force to be reckoned with,” CEO Rupert Swallow told Post as the reinsurance broker unveiled the executive committee team line-up designed to lead the business through its next phase of growth.
With analysts cautioning the Covid crunch will begin to bite insurers in the second quarter of 2020, Post investigates what impact the coronavirus pandemic has already had in the first quarter
The antitrust division of the US Department of Justice has asked Aon and Willis Towers Watson for additional information and documentary materials about the proposed $30bn (£23bn) takeover.
Chubb has estimated that it will face $1.37bn (£1.1bn) of pre-tax losses - $1.16bn after tax - in its second quarter results due to the global coronavirus pandemic.
Insurtech Concirrus has raised $6m (£4.8m) through an investment from Commerzventures, Post can reveal.
Amanda Blanc has pledged to address the underperformance of recent years for Aviva’s investors and to set out an ambitious strategic path.
Former Axa and Zurich boss Amanda Blanc has become Aviva CEO, replacing Maurice Tulloch who has stepped down from the role and the company’s board due to family health reasons.
Allianz Global Corporate & Specialty will look to reduce its global headcount by a further 400 as it embarks on a transformation programme.
Aon will repay colleagues in full, plus 5% of the withheld amount, after cutting the salaries of 70% of its workforce.
Insurtech Zego has taken on additional funds from venture capitalist debt provider Triplepoint.
Ardonagh has placed $500m (£401m) of senior payment in kind toggle notes.
Davies has appointed Jeff Chang to the recently created global role of general counsel.
Broker Network members have given a resounding shrug of indifference to the news that after four years away the network is set to return to Ardonagh’s ownership as it buys up Bravo Group.