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Updated: 1 hour 36 min ago

Flandro hails exciting new era in role as chief of Hyperion X

8 September, 2019 - 05:30
David Flandro, the well-known broker who has previously headed analytics teams at JLT Re and Guy Carpenter, told Monte Carlo Today that his new role with Hyperion X, the data and technology arm of Hyperion Insurance Group, represents his most exciting challenge yet and an opportunity to take the use of data in the insurance and reinsurance industry to another level.

Parametric data will drive future for insurance industry

8 September, 2019 - 05:29
Geospatial Insight has launched PropertyView, which combines artificial intelligence (AI) and scalable cloud computing to extract building information from satellite imagery

The relationship nature of industry is going digital

8 September, 2019 - 05:28
A palpable change is taking place in the narrative around technology in the insurance industry. “The question is no longer ‘why do we need technology?’ but instead ‘how do we fully utilise technology?’,” Peter Clarke, founder and managing director of Insurercore, a digital market directory for the insurance industry, told Monte Carlo Today.

Market conditions favour cedants, but a pricing readjustment is under way

8 September, 2019 - 05:27
Given the current robust capital position of the reinsurance industry, market conditions remain favourable for cedants. As reinsurers and the capital markets adjust their risk assumptions, a period of readjustment is under way—and cedants’ loss history is becoming increasingly important.

Underwriting performance meets ratings

8 September, 2019 - 05:26
The relationship between historical risk-adjusted profitability and credit ratings is more profound but also more nuanced than many think, Stuart Shipperlee, director of Litmus Analysis, told Monte Carlo Today following a unique study.

Rates to harden—but not for all

8 September, 2019 - 05:25
Nearly three-quarters of respondents to an online Intelligent Insurer renewals survey expect the market to harden in the coming renewals season, with 53 percent of respondents expecting it to harden a little and 19 percent expecting it to harden substantially. 

Marsh agrees buyout deal with JLT's Construction Risk Partners

6 September, 2019 - 11:39
Broker Marsh and Construction Risk Partners (CRP), a specialty broker dedicated to the US construction industry, have entered an agreement whereby CRP management will buy back the company’s stock from JLT Specialty USA.

ILS market robust even as catastrophe bonds suffer losses: Aon

6 September, 2019 - 11:34
The market for Insurance-Linked Securities (ILS) is resilient in 2019 with continued support for new issuance, despite hurricanes and other events leading to a challenging market.

Moody’s flags up insurers facing Dorian impact in vulnerable US states

6 September, 2019 - 10:41
As Hurricane Dorian continues to threaten the southeast US coast, a credit ratings firm has identified the primary insurers that could be most affected.

Chaucer expands Asia Pacific treaty capabilities with AXA XL hire

6 September, 2019 - 10:02
Specialty re/insurer Chaucer has appointed Catherine Soyka as deputy class underwriter for its treaty team in Singapore, as part of its strategy to build a broad marine and non-marine treaty underwriting team to service local clients in the Asia Pacific and Middle East Regions.

Underwriting margins fall slightly for North American property/casualty insurers: Fitch

6 September, 2019 - 09:36
North American property and casualty (P&C) insurers have seen modestly weaker underwriting margins, Fitch Ratings has found.

Capsicum Re bolsters cyber unit with slew of hires following Swiss Re collaboration

6 September, 2019 - 09:34
Specialist reinsurance broker Capsicum Re has made four key appointments for its cyber team in London, following the recent launch of a new holistic cyber reinsurance solution, Decrypt, co-created with Swiss Re.

Beach & Associates continues London wholesale expansion with JLT Re duo

6 September, 2019 - 09:26
Re/insurance broking and advisory firm Beach & Associates has appointed Gavin Johns and Richard Emson to its London wholesale division.

Willis Re names new life & health leader to oversee next phase of growth

6 September, 2019 - 09:15
Willis Re, the reinsurance business of Willis Towers Watson, has appointed Franck Pinette as new leader of its international life & health practice. He succeeds Greg Solomon who is leaving the broker to pursue new career opportunities.

Pioneer expands renewable energy team with HDI hire

6 September, 2019 - 09:10
Pioneer Underwriters has appointed Sam Bishop as an underwriter in its renewable energy team, based in London.

KCC puts Bahamas’ losses from hurricane Dorian at $7 billion; Abaco and Grand Bahama worst hit

5 September, 2019 - 16:15
As hurricane Dorian, now downgraded to a category 3 from category 5, looms over the south east coast of the US, the National Hurricane Center has warned of a “life threatening storm surge, heavy rainfall and tornadoes” affecting the Carolinas.

Data theft from major email provider is most likely cyber catastrophe, finds Guy Carpenter and CyberCube Analytics

5 September, 2019 - 15:47
Data loss from a leading operating system provider could rack up insurance losses of more than $23 billion, according to a study of major cyber risks.

Broker BPL Global hires King-Underwood to build reinsurance expertise

5 September, 2019 - 15:13
Credit and political risk insurance (CPRI) broker BPL Global has brought reinsurance expertise in-house with the appointment of Gregory King-Underwood as director and head of global reinsurance and portfolio solutions.

Gallagher acquires UK landlord and lettings insurer RGA Group, includes RGA Underwriting

5 September, 2019 - 14:47
Gallagher has acquired RGA Group, a UK insurance intermediary specialising in landlords insurance and the lettings industry.

Hiscox appoints Joanne Musselle as new group CUO replacing Richard Watson

5 September, 2019 - 10:44
Bermuda-based re/insurer Hiscox has appointed Joanne Musselle as its new group chief underwriting officer (CUO), replacing Richard Watson.


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