AXA publishes revenue figures for first nine months & more…Keep up with what has been happening this week in our latest insurance news round-up…

Amherst insurance advisory acquired by national brokerage firm

An Amherst-based boutique commercial insurance consulting firm has been acquired by a subsidiary of one of the nation’s leading property and casualty insurance brokers, expanding the division’s capabilities beyond its core focus on employee benefits.

Insurance group AXA has released its revenue report for the nine months ended September 30, announcing an increase in gross revenues from last year’s €76 billion to €78.4 billion (approx. £67.53 billion) this time around.

Hannover Re & Munich Re planning alternative investment joint-venture

Hannover Re and Munich Re, two of Europe’s big four reinsurance companies, are awaiting regulatory approvals for an alternative investment joint-venture, designed to increase the diversification of a combined private equity portfolio, while likely leading to better terms and conditions on new investments.

John Hancock – the US-based operations of Canadian life insurer Manulife – has appointed Colin Simpson (pictured) as its newest chief financial officer.

Aircraft lessor Avolon takes legal action against Lloyds Insurance

Aircraft lessor Avolon is taking legal action against Lloyds Insurance in the Irish High court, a filing showed on Thursday, as leasing giants pursue claims over huge losses linked to the Russia-Ukraine war.
RSA takeover set to complete by end of May & more...
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