Aon partners with insurtech firm & more…Keep up to date with the latest insurance and finance news…

AIG forms global reinsurance business AIG Re, names Marsh’s Schaper CEO

American International Group, Inc has announced the consolidation of its assumed reinsurance operations, resulting in the establishment of global business AIG Re.

Aon partners with insurtech Hi Marley for AI-powered platform

Re/insurance broker Aon has formed a strategic alliance with insurtech firm Hi Marley to improve insurers’ customer engagement through an artificial intelligence-enabled messaging system.

Starling Bank partners with Direct Line to simplify insurance process

Challenger bank Starling has partnered with insurance firm Direct Line to allow customer account holders to use its app to apply for home cover.

Insurance Giant Aviva to cut 1,800 jobs

Around 1.800 jobs are being axed at Aviva over the next three years as part of an overhaul to save £300 million a year.

Worries raised about broker knowledge of construction

Research from HSB Engineering Insurance shows majority of brokers are in the dark when it comes to developments in technology in the construction sector.

Re/insurers face multi-billion dollar loses from prolonged US storms: Aon

Re/insured losses are expected to climb into the multi-billion dollar range as severe weather and storm activity in the US remained high for a second consecutive month in May.

Another major insurer announces job cuts – this time it’s Allianz

In an announcement by Allianz Insurance, it outlined proposed changes to its claims operation as part of the development of two claims handling centres of excellence in Birmingham and Milton Keynes.

Swiss Re takes step towards listing shares in UK life insurance unit

Swiss Re has taken the first steps towards floating its UK life insurance business, ReAssure, in London.