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Deadly cyclone wreaks havoc in Germany, Netherlands

19 January, 2018 - 09:46
The financial impact of windstorm Friederike is likely to reach into the hundreds of millions of euros, according to Aon’s Jan. 19 Weekly Cat Report.

AIG appoints government affairs head from PwC

19 January, 2018 - 09:46
American International Group (AIG) has hired Ed Barron from PricewaterhouseCoopers (PwC) as head of international government affairs, based in London.

Thomas Miller acquires marine, energy consultancy

19 January, 2018 - 09:45
UK-based insurance services provider Thomas Miller is acquiring marine consultancy Brookes Bell.  

Aon Benfield executive becomes chair of ClimateWise

19 January, 2018 - 09:44
ClimateWise, a group of 28 leading re/insurance organisations, has appointed Aon Benfield's Dominic Christian to replace Aviva's Maurice Tulloch as its new chairman.

US life/annuity reinsurance volumes jump 83% YOY

18 January, 2018 - 15:55
US life/annuity insurers have increased the aggregate face amount of policies ceded to reinsurers by 83 percent since 2006, to $28 trillion, according to AM Best.

P&C insurers face significant impact from US tax change

18 January, 2018 - 15:44
The 2017 US Tax Cut and Jobs Act brings with it both opportunities and challenges for the US property/casualty (P&C) insurance industry, according to a new analysis by Conning.

Marsh in dispute over Marshmallow trademark

18 January, 2018 - 15:04
Insurtech startup Marshmallow is fighting broker Marsh’s attempt to block the use of its name, according to a Jan. 18 press release.

Liberty taps Lloyds Bank exec to lead new trade credit initiative

18 January, 2018 - 14:56
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has hired a Lloyds Bank executive Chris Hall to boost its credit risk offering.

Munich Re partners with AI insurtech drone startup

18 January, 2018 - 14:46
Munich Re has partnered with California-based AI startup Betterview for the supply of drone imagery, analysis and reporting to Munich Re’s insurance company clients.

Bermuda warns of Initial Coin Offerings’ risks

18 January, 2018 - 14:30
The Bermuda Monetary Authority (BMA) has warned about the risks involved when companies raise funds through cryptocurrencies such as bitcoin.

Pioneer introduces cyber cover for investment managers

18 January, 2018 - 14:29
Pioneer Underwriters is introducing a product covering the specific cyber risk exposure of investment managers.

Munich Re-backed new insurtech firm targets commercial fleets

18 January, 2018 - 14:29
Insurtech firm Camatics has launched in the UK as a commercial motor underwriter.

AmTrust at Lloyd’s hires head of space business

18 January, 2018 - 14:29
AmTrust at Lloyd’s has appointed Chris Gibbs as its new head of space, joining from Osprey Aerospace.

Reinsurance capacity grows despite major cat losses

18 January, 2018 - 10:37
Capital dedicated to reinsurance continued to grow in 2017 despite catastrophe losses, according to Guy Carpenter research.

Rate hikes and lower US tax lifts P&C industry

18 January, 2018 - 10:37
Higher pricing following the major catastrophe losses in 2017 together with a lower US tax rate is set to boost property/casualty (P&C) earnings in 2018, according to Morgan Stanley research.

Nexus taps AmTrust Lloyd’s CUO amidst potential IPO

18 January, 2018 - 10:37
Specialty managing general agent (MGA) Nexus Group has hired former chief underwriting officer of AmTrust at Lloyd’s Mike Sibthorpe amid a management shake-up and a potential initial public offering (IPO) this year.

Neon boosts political and credit risk unit

18 January, 2018 - 10:37
Specialist Lloyd's insurer Neon has expanded its political and credit risk team with hires from Chubb, Gallagher and Euler Hermes, across underwriting and credit analysis, and entry into financial guarantee.

Ironshore reveals senior appointments in Bermuda

18 January, 2018 - 10:32
Liberty Mutual Company Ironshore has appointed Steve Horton to chief executive officer of managing general insurance agency Iron-Starr, and Susan Pateras to chief operating officer of Ironshore Bermuda.

UK commercial motor MGA launched with QBE hires

18 January, 2018 - 10:31
Volante Global, a new multi-class and multi-territory international managing general agent (MGA) platform, has launched commercial motor MGA Edison Motor while appointing Steven Dickie and Doug Ockwell as joint managing directors of the new operation.

AXIS faces $130m cat loss plus tax charge in Q4

17 January, 2018 - 14:35
Bermuda-based specialty re/insurer AXIS Capital Holdings estimated the net financial impact from fourth quarter 2017 catastrophe and weather-related losses at $130 million.


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