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Updated: 2 hours 31 min ago

Stonybrook appoints former AIG as COO, general counsel

12 July, 2018 - 10:32
Insurance-focused advisory and investment firm Stonybrook Capital has hired Paolo Grassi as new COO and general counsel.

Insurtech startup Next Insurance raises $83m for expansion

11 July, 2018 - 15:58
Small business insurer Next Insurance has raised $83 million as it targets to expand operations.

Deutsche Rück expects lower premium for 2018

11 July, 2018 - 15:19
A change in the Deutsche Rück business model in residual credit business is expected to lead to a significant reduction in gross premiums in the current financial year, said CEO Frank Schaar.

2018 first half losses from natural disasters lowest since 2005

11 July, 2018 - 14:49
Natural disasters across the world caused significantly lower losses than usual in the first half of 2018 at around $33 billion, according to Munich Re.

Buberl introduces AXA XL brand

11 July, 2018 - 13:04
Upon closing of the acquisition of the XL Group, the AXA XL-branded unit will combine the group’s P&C commercial lines and specialty risks, AXA CEO Thomas Buberl said in a blog.

MGAs tap new capacity providers

11 July, 2018 - 10:46
Managing general agents (MGAs) have traditionally received their capacity from insurers but are now increasingly taking advantage of alternative capacity providers, MGAA chairman Charles Manchester suggested in conversation with Intelligent Insurer.

Lloyd’s launches new digital distribution platform

11 July, 2018 - 10:42
Specialist re/insurance market Lloyd’s has launched a new digital distribution platform designed to quickly and efficiently connect insurance businesses and entrepreneurs with Lloyd’s underwriters.

Anbang puts Belgian insurer up for sale

11 July, 2018 - 10:41
Anbang Insurance Group is exploring the sale of Belgian insurer Fidea, Bloomberg News reported citing people “with knowledge of the matter”.

Lloyd’s profitability push may cause ‘pandemonium’, says MGAA chair

11 July, 2018 - 10:39
Lloyd’s review of underperforming syndicates could cause pandemonium for managing general agents and disruption in many lines of business if it results in syndicates retracting their capacity from unprofitable areas quickly.

Chubb joins blockchain startup BiTA in digital push

11 July, 2018 - 10:39
Property/casualty insurer Chubb has become an industry association member of the Blockchain in Transport Alliance (BiTA).

Sharp rise in claims for merger-objection litigation

11 July, 2018 - 10:34
The cost of insurance claims for merger-objection litigation has risen “dramatically” in recent years, according to Chubb.

XL Catlin bolsters multinational casualty insurance team

11 July, 2018 - 10:33
Re/insurer XL Catlin has appointed Stefan Homberger as head of multinational casualty insurance in the US and promoted Arielle Moody as team lead for the US Eastern region multinational casualty group.

Insurers face in excess of $3bn claims from June storms

11 July, 2018 - 10:32
Severe thunderstorms leading to flash floods and hail across the eastern two-thirds of the US in June led to $4 billion economic losses and $3 billion of claims for insurers, according to Aon’s Global Catastrophe Recap report.

Cat bond issuance volume drops in H1

11 July, 2018 - 10:31
Catastrophe bond issuance dropped to $7.4 billion in the first half of 2018 from $8.8 billion issued in the first half of last year as activity in North America halved, according to the PCS H1 2018 Catastrophe Bond Report.

CNA, NN Group help fund $75m insurtech venture fund

11 July, 2018 - 10:31
MTech Capital has completed the initial closing of the firm’s insurtech venture fund with $75 million of capital commitments from three anchor investors including CNA Financial Corporation, NN Group, and a global insurer.

AXA acquires run-off portfolio of German insurer Gothaer

11 July, 2018 - 10:30
AXA Liabilities Managers, an AXA Group company specialising in non-life re/insurance legacy acquisitions, has closed its 18th acquisition on the external market with Cologne-based Gothaer Finanzholding.

Blockchain-based Black Insurance attracts investment from Fineqia

10 July, 2018 - 17:09
Investment firm Fineqia International is taking an equity stakein Estonia-based Black Insurance, a digital insurance startup based on the blockchain.

Endeavour appoints Howden exec as new CEO

10 July, 2018 - 15:28
Lloyd’s broker and delegated authority specialist Endeavour Insurance Services has appointed Karen Allen as CEO designate.

Aon, Chubb, Lloyd's develop terrorism, political violence solution

10 July, 2018 - 10:33
Broker Aon has collaborated with property/casualty insurer Chubb and Lloyd’s to develop a standalone terrorism and political violence solution that addresses the demands of an increasingly regulated environment.

Liberty reorganises European specialty business

10 July, 2018 - 10:33
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, is transferring European retail renewal rights from Ironshore Europe to Liberty Specialty Markets.

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