Allianz
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Decision taken to renew separate LV cover at 1 December, with an integrated purchase likely in the future. -
The drone insurance start-up will initially insure flights for the UK, Belgium and Sweden and Finland.
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The machine learning company counts Chubb and RenaissanceRe among its customers.
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Size of payout will depend on whether CBI sub-limit of $100mn holds, with insured seeking $450mn.
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The CEO says the institution is politicised and encouraging reckless consumer spending.
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Hyeji Kang was formerly head of actuarial function and replaces Bernhard Arbogast, who retires after 25 years with the carrier.
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Swiss Re, Allianz and Zurich are among those backing the UN initiative.
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Singaporean and Vietnamese businesses are reportedly in scope for disposal.
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The action reflects Mexico’s foreign currency sovereign rating.
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The deal makes Allianz one of the top three insurers in the country.
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The CFO tells analysts the US MidCorp business will come under particular scrutiny.
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The CEO promises not to “sit on” excess capital, opening the door to additional capital management.
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