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Updated: 59 min 19 sec ago

Hiscox exits aviation hull and liability

21 February, 2018 - 15:48
Specialist insurer Hiscox is withdrawing from aviation hull and liability underwriting due to market conditions pressuring rates.

Everest expands financial lines with swathe of hires and new unit

21 February, 2018 - 15:48
Bermuda-based Everest Re Group has expanded the financial lines division of Everest Specialty Underwriters (ESU) with a private company/not-for-profit (PC/NFP) unit and multiple key hires, the re/insurer said in a Feb. 20 press release.

Insurers remain behind technology curve, warns AM Best

21 February, 2018 - 15:47
Insurers are still trying to catch up with other industries regarding technological innovation, according to a recent AM Best report.

Travelers creates chief data role to drive tech innovation

21 February, 2018 - 15:47
US property/casualty insurer Travelers has created a new position within the organisation to strengthen its data and analytics capabilities and advance its innovation agenda.

XL Catlin withdraws from UK, Ireland motor fleet market

21 February, 2018 - 09:58
XL Catlin’s casualty team has taken the decision to withdraw from the UK and Ireland commercial motor fleet market.

Reserving, investments drive Greenlight Re Q4 loss

21 February, 2018 - 09:56
Cayman Islands-based Greenlight Re reported a loss for the fourth quarter of 2017, driven primarily by reserve strengthening and an investment loss.

Zurich unveils UK Innovation Foundry

21 February, 2018 - 09:55
Zurich has launched a new initiative to drive innovation throughout the insurer, with a renewed focus on changing customer demand and needs, the company said in a Feb. 20 press release.

Kenya Re downgraded on enterprise risk management concerns

21 February, 2018 - 09:54
AM Best has downgraded Kenya Reinsurance Corporation due to concerns over the effectiveness of its enterprise risk management (ERM) in the face of expected business growth and increasingly sophisticated competition.

BMS launches new energy operation with trio hire

21 February, 2018 - 09:53
Specialist re/insurance broker BMS Group has formed a new energy division hiring three senior energy brokers from Price Forbes and Miller.

V3 appoints former QBE senior exec as COO

21 February, 2018 - 09:52
US-based programme administrator and managing general agency (MGA) V3 Insurance Partners has appointed former QBE executive Brian Janitschke as its chief operating officer.

Munich Re backs new blockchain-based home insurer

20 February, 2018 - 15:09
Munich Re’s Digital Partners has entered into a long-term strategic partnership with insurtech home insurer Buzzvault, according to a Feb. 20 press release.

Hamilton Syndicate 3334 revamps underwriting team following departures

20 February, 2018 - 15:09
Hamilton Underwriting, the managing agency of Syndicate 3334 and the Lloyd’s operations of Bermuda-based Hamilton Insurance Group, has reorganized its underwriting team.

Lockton goes on hiring spree for high net worth broking group

20 February, 2018 - 15:08
Insurance broker Lockton has appointed three industry experts to its high net worth Signature Client Group, according to a Feb. 19 press release.

UK property, casualty rates face further decline: WTW

20 February, 2018 - 10:35
Rates in UK property and casualty business along with terrorism and political violence are expected to decline further, according to a Willis Towers Watson report.

CBL told to cease writing European business

20 February, 2018 - 09:57
The Central Bank of Ireland has issued a direction to New Zealand’s insurer CBL to cease writing business with immediate effect through its European arm CBL Insurance Europe (CBLIE), according to a Feb. 19 press release.

UK and US regulators team up for fintech innovation

20 February, 2018 - 09:57
The UK’s Financial Conduct Authority (FCA) and the US Commodity Futures Trading Commission (CFTC) have signed an arrangement that commits the regulators to collaborating and supporting innovative firms through each other’s financial technology (fintech) initiatives.

The Hartford seals Foremost renewal rights deal

20 February, 2018 - 09:56
US-based property/casualty insurer The Hartford has entered into a renewal rights agreement with the Farmers Exchanges to acquire its Foremost-branded small commercial business sold through independent agents.

Chaucer joins International Underwriting Association of London

20 February, 2018 - 09:56
The Hanover-owned Chaucer Insurance Company has joined the International Underwriting Association of London (IUA).

Cyclone Gita hits New Zealand

20 February, 2018 - 09:56
Cyclone Gita is set to make landfall at Wellington and on the West Coast bringing strong winds and heavy rain, the Insurance Council of New Zealand (ICNZ) has warned.

SoftBank seeks Swiss Re board seats: report

19 February, 2018 - 11:52
Japanese conglomerate SoftBank is seeking to join Swiss Re’s board as it negotiates the acquisition of a minority stake in the reinsurer, according to a Feb. 18 Financial Times report.

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