United States of America (USA)
Randall & Quilter buys captive insurer ICDC
Randall & Quilter Investment Holdings has completed the acquisition of ICDC, a captive insurer of an American Fortune 500 company.
Interview: Guy Goldstein, Next Insurance
As Next Insurance launches today a chatbot allowing personal trainers to quote and buy insurance via Facebook Messenger, its founder and CEO Guy Goldstein tells Jonathan Swift how the American insurtech start-up plans on revolutionising the SME…
AIG names Gallo CIO as Fasano steps down
AIG has appointed Martha Gallo as chief information officer replacing Philip Fasano, who has left the company to pursue other opportunities.
Legal Update: Robotic surgery - cutting through the insurance implications
With advances in robotics and artificial intelligence taking hold of the medical industry, do the benefits of robot-assisted surgery outweigh the risks - especially for insurers?
Brit launches US cyber team
Brit has launched new cyber and technology team for Brit Global Specialty USA, with Michael Carr appointed as senior vice president, to lead the offering.
R&Q raise £16.9m through share placing
Randall & Quilter has conditionally raised £16.9m through a placing of new ordinary shares with institutional shareholders and directors as the group looks to simplify its business model.
Chubb appoints Matthews as Europe COO
Chubb has appointed Adrian Matthews as chief operating officer for Continental Europe.
Dual's Hillier on the opportunities for title insurance providers in India and the US
While they differ in scale, legislation and stage of development, today’s US and Indian title insurance markets have one important commonality: both offer interesting new opportunities for growth.
What US sanctions may look like under the Trump administration
There is quite a bit of uncertainty regarding the direction of US sanctions policy under president Donald Trump's administration. Various forces drive in different directions.
AIG ex-CEO Greenberg settles long-running fraud case for $9m
Former AIG CEO Maurice “Hank” Greenberg, along with former chief financial officer Howard Smith, have agreed to pay $9.9m (£7.9m) to settle a 12-year old securities fraud case.
Blackstone to acquire Aon's benefits outsourcing for $4.8bn
Private equity firm Blackstone has agreed to acquire Aon Hewitt's employee benefits outsourcing business for around $4.8bn (£3.8bn).
Anthem's proposed $54bn acquisition of Cigna blocked by judge
Yesterday two US health insurance giants were told they wouldn't be granted permission to merge by a federal judge.
Brit appoints programmes VP
Brit has appointed Tim Chesson as senior vice-president of programs for Brit’s US Global speciality business.
Post Power List 2017: Donald Trump
President, US
Insurers extend travel cover amid Trump travel ban
Travel insurers will allow policyholders to claim if they are denied entry to the US.
Davies Group gets new equity backer
US private equity firm HGGC has taken a majority stake in Davies Group.
Gallaghers & Co sees steep rise in broking profits for Q4
Arthur J Gallagher & Company's brokerage segment saw pre-tax profit rise to $123.9m (£98.82m) in Q4 2016, a 69% increase on the $73.3m earned over the same period last year.
Four insurance law firms form global network
DAC Beachcroft has joined three other insurance law firms to make a global network.
Lemonade drops 'peer to peer' label just months after launching
Lemonade has said that it no longer classes itself as a peer to peer insurer just months after launching.
EU and US regulators agree new bi-lateral transatlantic insurance agreement
The US and EU have agreed to reduce legal and capital barriers to boost the transatlantic insurance and reinsurance market.
Insurers paid out $50bn for natural disasters in 2016
Insurers paid out $50bn (£41bn) in natural disaster claims during 2016, making it the costliest year for natural catastrophe losses since 2012.
Reinsurers face year of cost-cutting due to weaker renewals
Reinsurers face a demanding year of cost-cutting after the December contract renewal season delivered weaker prices for the fifth year in a row.
Brit owner Fairfax buys Allied World for $4.9bn
Canada’s Fairfax Financial is to buy insurance giant Allied World for $4.9bn (£3.9bn).
Gallagher buys US E&O programme manager
Arthur J Gallagher is to buy California-based National Ethics Bureau for an undisclosed sum.