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Updated: 2 hours 40 min ago

Greenlight Re backs insurtech Cove to ‘potentially transform New Zealand market’

22 July, 2019 - 14:53
Reinsurance firm Greenlight Re has made a strategic investment in insurtech start-up Cove Limited, which is based in New Zealand.

Insurance investment manager Twelve Capital raises almost $400m for UCITS cat bond

22 July, 2019 - 14:17
Independent insurance investment manager Twelve Capital said it has raised close to $400 million in 18 months for its UCITS cat bond offering.

Third Point Re hires David Sinclair to grow specialty reinsurance

22 July, 2019 - 12:45
Third Point Reinsurance has appointed David Sinclair as senior vice president of marketing and investments, he will start his new role on September 2 and reports to marketing director Clare Himmer.

RSA reshuffles Middle East leadership; appoints CEOs Martin Rueegg and Praveen Kumar

22 July, 2019 - 12:20
RSA has hired Martin Rueegg from AXA to be its new chief executive (CEO) of the Middle East and UAE, replacing Lloyd East who will move to RSA’s Canadian operation Johnson to become vice president of strategic operations and chief operating officer (COO). Rueegg will take up his new post in September.

Nexus signs up REG to manage compliance with international regulations

22 July, 2019 - 11:12
Specialty managing general agents the Nexus Group (Nexus) have signed up on-demand technology firm the REG Network to provide counterparty due diligence and agency management across its companies globally.

RSG expands products and geography by opening Barcelona office

22 July, 2019 - 10:54
Specialty insurer Ryan Specialty Group (RSG) has confirmed plans to open an office in Barcelona as part of an expansion strategy to grow geographically and increase its products.

Brit creates head of innovation role, hires insurtech expert James Birch

22 July, 2019 - 10:23
Specialty re/insurer Brit has created the new post of head of innovation and appointed James Birch, who starts today (22 July).

AXA XL appoints Paul-Henri Rastoul as Chief Underwriting Officer, XL Insurance Company SE

22 July, 2019 - 10:13
Reinsurer AXA XL has appointed Paul-Henri Rastoul as chief underwriting officer at XL Insurance Company SE.

Darag buys UK-based insurer in run-off, The Underwriter

22 July, 2019 - 10:02
International re/insurance firm Darag has bought The Underwriter, a UK-based insurer in run-off.

Marine insurance premium rise ‘near certainty’ as hostility escalates over Iran-UK tanker seizure

22 July, 2019 - 09:50
Insurance premium increases are a “near certainty” for shipping in the region of the strait of Hormuz after Iran seized UK-flagged oil tanker Stena Impero on Friday 19 July.

ABI: -0.25% Ogden rate change assessment ‘misleading and disingenuous’

19 July, 2019 - 15:24
A government Impact Assessment (IA) of changes to the UK’s personal injury discount rate, also known as the Ogden rate, has been described as “misleading and wholly disingenuous” by the Association of British Insurers (ABI).

Generali unveils new head of engineering underwriting in GC&C Asia

19 July, 2019 - 15:15
Generali Global Corporate & Commercial (GC&C) has appointed Dawood Yeung as new head of engineering underwriting in Asia.

Marsh & McLennan expands board of directors

19 July, 2019 - 13:39
Broker Marsh & McLennan Companies has elected Tamara Ingram to its board of director.

Mirnik to succeed Štěpán as VIG Re head of Central & Eastern Europe

19 July, 2019 - 13:18
Czech Republic-based reinsurer VIG Re has appointed Aleš Mirnik as new head of Central & Eastern Europe, succeeding Petr Štěpán.

Catalina appoints Armour's Steve Ryland as UK chief executive

19 July, 2019 - 11:07
Bermuda-based Catalina Holdings has appointed Steve Ryland as chief executive of its UK operations as part of the company's effort to strengthen its global management team.

Generali expands into Portugal with two acquisitions worth €600m in total

19 July, 2019 - 10:56
Global insurer Generali has agreed two acquisition deals worth a total of €600 million to become the second largest non-life group in Portugal with a market share of 18.7 percent, making it the third largest business in the market.

Munich Re expects €1bn profit in second quarter 2019 due to lower expenditure and high reserve releases

19 July, 2019 - 10:43
Germany-based global reinsurer Munich Re expects to report a consolidated result of approximately €1 billion for the second quarter of 2019.

The long shadow of asbestos

19 July, 2019 - 10:35
New figures from the UK Health and Safety Executive point to a possible peak in the number of asbestos-related deaths from mesothelioma. Intelligent Insurer investigates.

Lockton snags Willis Towers Watson cyber chief Anthony Dagostino to expand practice

19 July, 2019 - 10:18
Re/insurance broker Lockton has hired Willis Towers Watson cyber expert Anthony Dagostino to further expand its cyber and technology practice, and develop analytics-driven tailored solutions for clients that target their real, underlying cyber risk.

RMS: Hurricane Barry insured losses will not top $500m in US

19 July, 2019 - 10:11
Insured losses from Hurricane Barry, the second named storm of the 2019 North Atlantic hurricane season, will not top $500 million, global risk modeling and analytics firm RMS has said.

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