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California sets stage to squeeze insurers on tax gains

California Insurance Commissioner Dave Jones wants insurers benefitting from tax reform to pass on their resulting savings to policyholders, and today ordered a review of carrier rates with profit limits in mind.

Ted Bunker, 24 January 2018
Axis consolidates units in efficiency drive

Axis took further steps to consolidate its business in the wake of last year's Novae acquisition in a revamp it said would increase efficiency and profitability

Ted Bunker, 23 January 2018
Lloyd’s explores VC funding for syndicate innovation

Lloyd's is considering ways of bringing venture capital money into the market to help syndicates fund innovation, the Corporation's head of innovation Trevor Maynard has said.

John Hewitt Jones, 23 January 2018
AIG’s Validus takeover deal stems from bilateral talks

AIG's $5.56bn takeover agreement with Validus resulted from bilateral talks following an early November approach from the bidder's CEO Brian Duperreault to the Bermudian's chairman and CEO Ed Noonan.

Adam McNestrie, 23 January 2018
JLT Specialty hires Wynn from Nexus

JLT Specialty has appointed Richard Wynn as a partner within its programmes practice.

John Hewitt Jones, 23 January 2018
Auto InsurTech Nexar raises $30mn

Nexar, a technology company that works with insurers, car drivers and auto makers to cut accident rates, has raised $30mn in venture capital funding, led by Ibex Investors.

Bernard Goyder, 23 January 2018
Travelers beats as it releases Q3 cat reserves

Travelers posted a 31 percent year on year drop in Q4 core income to $633mn, following $656mn of pre-tax losses from the Californian wildfires.

Catrin Shi, 23 January 2018
Stephen Catlin takes role at Aquiline

Stephen Catlin has assumed an advisory role at Aquiline Capital Partners.

Bernard Goyder, 23 January 2018
Aspen, RenRe takeover front-runners: Buckingham

Aspen and RenaissanceRe could be the next Bermudian (re)insurers to garner a bid following AIG's offer to buy Validus for $5.56bn, according to Buckingham Research.

Bernard Goyder, 23 January 2018
LSM appoints Asia Pacific GFR leader

Liberty Specialty Markets has named Chris Sawyer as manager for Asia Pacific in the company's global financial risks (GFR) division.

John Hewitt Jones, 23 January 2018

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