Intelligent Insurer News

The decision follows Argo’s rocky year and poor 2019 results.

Its CEO said it is also on target to meet the goals of its strategic plan.

The aim is to relieve the burden of manually evidencing compliance.

January 1 retro and European reinsurance purchasing tend to be a good indicator of what ILS market activity will look like for the rest of the year. If that trend continues, 2020 is set to be a busy year for ILS, perhaps even rivalling 2017, says Brad Livingston of Willis Re Securities.

Peak Re has completed the renewal of its Lion Rock Re II sidecar. The success of this transaction, and its predecessor the year before, is a taste of things to come, says Peak Re’s Lawrence Cheng.

The results follow a year of significant management renewal.

The move is part of HDI’s strategy to address a growing issue for its customers.

Lloyd’s has announced targets for all syndicates to write 80 percent of their risk using a recognised electronic placement system in Q1 2020. The move reveals a gradual push for digitisation as well as a deeper transformation in the mind set of players in the Lloyd’s and London markets.

UK and German surveys reveal policyholder dissatisfaction.

His successor has been announced.

The insurer has added an experienced executive and broadened two key roles.

Lloyd’s much talked about modernisation programme has moved into phase one of execution. Intelligent Insurer finds out more about the priorities and market involvement for 2020 from chief executive officer John Neal and chief operating officer Jennifer Rigby.

The UK's Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have approved the deal.

The industry veteran is credited for his pivotal role in building AXIS.

The insurer has hired senior executives from Chubb European Group and RSA.

Their new entity, N2G Worldwide, will open for business in the second quarter of 2020.

Organisation launches website to make phase 1 updates more accessible.

The shares acquired under the 2019/2020 share buy-back programme are to be retired.

James Anderson has resigned from the company to pursue other opportunities.

The executive has previously worked with Willis, WAIG, Allianz Global Corporate Specialty.