Intelligent Insurer News

Recently established Bermuda domiciled reinsurance company Bernina Re has appointed Michael McKnight to the position of chief executive officer & chief risk officer effective as of 28 May 2018.

UK insurance intermediary Ardonagh Group has appointed Diane Cougill as chief financial officer (CFO) and Sarah Dalgarno as chief risk officer (CRO).

Specialist re/insurance broker BMS Group has entered into a tied representative agreement with Turkish specialist re/insurance broker Rönesans Reasürans ve Sigorta Brokerlik.

Re/insurance broker Aon has appointed Richard Moxon as head of UK claims at Aon Risk Solutions.

The London and International Insurance Brokers’ Association (LIIBA) has appointed Sarah Pepiatt and Steve Williams as new committee chairs.

London market broker Bishopsgate Insurance has appointed Chris Meredew as director UK and international liability, oil and gas and marine trades.

American International Group (AIG) is acquiring Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re.

Specialty re/insurer MS Amlin has partnered with London-based insurtech start-up Cytora to deploy artificial intelligence (AI) into the commercial underwriting processes.

Hamilton Underwriting, the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, has appointed Neil Lee-Amies as head of treaty.

The Blockchain Insurance Industry Initiative (B3i) is to build its applications and business network on the Corda blockchain platform, which is developed by software firm R3.

Liberty Mutual has appointed Shaun Kelly as president of distribution for Global Risk Solutions (GRS) operating unit and Matthew Dolan as president of North America specialty.

Lincoln Financial Group has introduced online chat capabilities called ‘Ask Abe’ that are able to help customers with instructions for completing common, simple transactions such as changing a beneficiary or obtaining a copy of a policy.

Property/casualty (P&C) CEO bonus payments increased to 393 percent of salary in 2017 from 225 percent of salary in 2016, according to a study by consulting firm Compensation Advisory Partners (CAP).

The Abu Dhabi Investment Authority (ADIA) is acquiring up to 21.4 percent in Pension Insurance Corporation Group from funds advised by private equity firm J.C. Flowers & Co.

Insurance Australia Group (IAG) is selling its Asian businesses in Thailand, Indonesia and Vietnam.

Everest Insurance has signed an agreement with Airware, a provider of drone analytics solutions, for this year's hurricane season.

Insurtech start-up Fabric has secured a $10 million Series A investment from RGAx, the innovation and digital business unit of Reinsurance Group of America, Bessemer Venture Partners and Silicon Valley Bank, which provided a credit facility.

Texas Security General Insurance Agency, a subsidiary of insurance broker Brown & Brown, has acquired Texas Commercial Insurance Facilities (TCIF) and Arkansas Insurance Facilities (AIF) from Loving and Etheredge.

Run-off specialist Enstar Group is pondering a sale of Atrium Underwriting, which writes business through Lloyd’s syndicate 209, and StarStone Insurance, its speciality insurance unit with a global presence.

Barbican Insurance Group has appointed Lauren Webb as a class underwriter for cyber within Lloyd’s Syndicate 1955. She joins from property/casualty insurer Chubb.