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Greensmith succeeds Jardine as AXA XL UK CEO

Intelligent Insurer News - 24 September, 2018 - 10:08
Re/insurer AXA XL which has recently completed its merger has appointed Paul Greensmith as UK CEO replacing Paul Jardine who is leaving the group later this year.

Swiss Re replaces Corporate Solutions CEO with Allianz executive

Intelligent Insurer News - 24 September, 2018 - 09:54
Swiss Re has hired Andreas Berger from Allianz Group as chief executive of Swiss Re Corporate Solutions.

Fitch warns about Marsh & McLennan debt burden after JLT takeover

Intelligent Insurer News - 24 September, 2018 - 09:54
Fitch Ratings has placed the ratings of Marsh & McLennan Companies (MMC) on Rating Watch Negative following its agreement to acquire Jardine Lloyd Thompson Group (JLT) for roughly $5.6 billion.

L&H insurtech attracts more financing than P&C in H1

Intelligent Insurer News - 24 September, 2018 - 09:54
Investors are putting more capital into life & health (L&H) insurtech ventures than in property/casualty (P&C) insurtech firms.

Hyperion unit Tamesis Dual taps underwriting director from Hiscox

Intelligent Insurer News - 24 September, 2018 - 09:54
Tamesis Dual, part of the underwriting arm of the Hyperion Insurance Group, has appointed Ben Love as director of underwriting, based in London.

Berkshire-backed new motor MGA launched in Gibraltar

Intelligent Insurer News - 24 September, 2018 - 08:54
Hedgehog, a new online motor insurance provider targeting drivers who face higher than average premiums has been launched in Gibraltar.

London Market launches delegated authority platform

Intelligent Insurer News - 24 September, 2018 - 08:37
The London Market Group (LMG) is launching its delegated authority platform this week as a core part of the London Market Target Operating Model (TOM).

Adapting to a changing world through public-private enterprises

Intelligent Insurer News - 24 September, 2018 - 08:23
Public-private enterprises must adapt—and terrorism pools are illustrating just how efficiently this can be done as they too adjust to the demands of a modern and rapidly changing world, says Emma Karhan of Aon Benfield.

AIG acquires US broker Glatfelter to strengthen general insurance unit

Intelligent Insurer News - 21 September, 2018 - 15:27
American International Group (AIG) is acquiring Glatfelter Insurance Group (Glatfelter), a full-service broker and insurance company providing services for specialty programmes and retail operations.

Lloyd’s profit halves in H1 despite underwriting improvement

Intelligent Insurer News - 21 September, 2018 - 10:30
Lloyd’s of London’s pre-tax profit halved in the first six months of 2018 due to a lower investment return and despite an improvement in the combined ratio.

Generali creates new asset manager with $4bn capital led by ex-AllianceBernstein boss

Intelligent Insurer News - 21 September, 2018 - 10:28
Italian insurer Assicurazioni Generali has launched a new asset management company headquartered in New York City that it claims will have a "disruptive revenue model".

Lloyd’s has opportunity to lead insurtech ‘arms race’

Intelligent Insurer News - 21 September, 2018 - 10:27
The global reach of Lloyd’s combined with the nimble nature of its carriers means the market has the potential to lead from the front when it comes to gaining advantage from new technologies, a new report has suggested.

RSA hires Zurich's Sweeney as CUO of UK/international

Intelligent Insurer News - 21 September, 2018 - 10:27
RSA Insurance Group has hired the former CUO for Zurich’s commercial business for its UK and international business.

Cyber risk is now second biggest worry of firms – yet majority also unprepared

Intelligent Insurer News - 21 September, 2018 - 10:27
Cyber risk is now the second biggest concern across all business sizes and industries, and the percentage of businesses reporting they have been the victim of a cyber attack has doubled, according to the latest results of the 2018 Travelers Risk Index complied by The Travelers Companies.

AXIS Re swoops for MS Amlin underwriter for property reinsurance at Lloyd’s

Intelligent Insurer News - 21 September, 2018 - 10:27
AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings, has appointed MS Amlin's William Bennett as senior underwriter, property reinsurance at Lloyd’s.

Florence will likely trigger NFIP reinsurers – again

Intelligent Insurer News - 21 September, 2018 - 10:26
Hurricane Florence will likely be an earnings event for the private insurance industry but the National Flood Insurance Program (NFIP) could be hit with heavy losses, potentially resulting in claims for its reinsurers for the second year in a row and its first cat bond being triggered, according to Fitch Ratings.

SCOR partners with SME insurtech startup Hokodo

Intelligent Insurer News - 21 September, 2018 - 10:26
Insurtech start-up Hokodo has partnered with SCOR Global P&C’s Channel Syndicate to provide an invoice protection product to small and medium sized businesses using its innovative distribution technology.

Fidelis adds energy market capacity with new MGA Kersey

Intelligent Insurer News - 21 September, 2018 - 10:21
Bermuda-based Fidelis Insurance has acquired an equity stake in a new managing general agent (MGA) Kersey Specialty that will focus on upstream energy subscription market insurance.

Pioneer expands political violence team with Advent hire

Intelligent Insurer News - 21 September, 2018 - 10:20
Pioneer Underwriters has bolstered its political violence team with the appointment of a new underwriter from Advent Underwriting.

Lemonade CEO suggests insurer has ‘turned a corner’ in underwriting

Intelligent Insurer News - 20 September, 2018 - 15:13
Lemonade CEO and co-founder Daniel Schreiber believes that the insurer has “turned a corner” as the loss ratio is improving.

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