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Updated: 47 min 45 sec ago

RSA appoints new specialty, wholesale leader

27 November, 2018 - 15:57
UK-based RSA Group has appointed Geoff Jones as director of its specialty and wholesale unit, part of its global risk solutions (GRS) business.

California wildfire losses may reach $19bn: CoreLogic

27 November, 2018 - 15:57
The Camp and Woolsey wildfires in California are expected to cause economic losses between $15 billion and $19 billion, according to data provider CoreLogic.

Insurtech Corvus raises $10m to expand into commercial lines

27 November, 2018 - 15:57
Boston-based insurtech Corvus has raised $10 million Series A investment led by venture capital firm .406 Ventures and Hudson Structured Capital Management, with participation from Bain Capital Ventures.

AXA follows Allianz with €0.6bn China investment

27 November, 2018 - 10:15
French insurance group AXA is acquiring the remaining 50 percent stake in AXA Tianping Property & Casualty Insurance Company that it does not already own, for a total consideration of ¥4.6 billion (€584 million).

New Lloyd’s broker prepares launch

27 November, 2018 - 10:14
Marken Re Specialty is a new specialty insurance and reinsurance broker that is set to be launched soon by Pieter Vlasbloem.

Lloyd's appoints former French bank governor Noyer to Council, Brussels board

27 November, 2018 - 10:07
Specialist re/insurance market Lloyd's has appointed former French central bank governor Christian Noyer as non-executive director of Lloyd’s Council, and independent non-executive director of the Lloyd’s Brussels board.

Average 1-100 cat loss grows to $271bn: AIR

27 November, 2018 - 10:04
The average annual insured losses of a 1 in 100-year return period cat event has increased to $270.9 billion in 2018 from $246.9 billion, according to data provider AIR.

Markel partners with Pantaenius in yacht expansion

27 November, 2018 - 10:04
Specialist insurer Markel has partnered with European yacht insurance provider Pantaenius to strengthen its global yacht offering.

US P&C reinsurers improve 9M underwriting results

26 November, 2018 - 15:48
A group of 18 US property/casualty (P&C) reinsurers has improved the combined ratio to 98.2 percent in the first nine months of 2018 from 111.9 percent in the same period a year ago, according to a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA).

AXA XL foregoes €100m GWP for ESG strategy

26 November, 2018 - 15:39
AXA group’s new division dedicated to large P&C commercial lines, AXA XL, will implement AXA’s corporate responsibility policies, including those that relate to the fight against tobacco, climate change, and controversial weapons, as part of a strategy for Environmental, social and corporate governance (ESG).

TigerRisk appoints vice chair for capital markets unit

26 November, 2018 - 14:03
Reinsurance broking and risk/capital management firm TigerRisk Partners has hired Stephen Fromm as vice chairman of TigerRisk Capital Markets & Advisory.

TransRe partners with insurtech Concirrus for new marine platform

26 November, 2018 - 14:00
Reinsurer TransRe has partnered with London-based insurtech Concirrus, a provider of marine and motor analytics, to jointly develop data-driven reinsurance products and services.

Amlin syndicate 2001 gets negative outlook

26 November, 2018 - 13:48
Syndicate Research (SRL) has changed the outlook for the Continuity Opinion of Lloyd's syndicate 2001 (MS Amlin Underwriting) to negative due to the “difficulty in turning around” the operation.

ILS: Deep roots on ‘The Rock’

26 November, 2018 - 13:46
The ILS markets will continue to evolve and flourish with Bermuda front and centre of future development. That was the overall takeaway of the ILS Convergence 2018, held in Bermuda in October.

Ensuring innovation is more than a cliché

26 November, 2018 - 11:44
The numerous challenges the insurance industry faces mean that innovation is critical to tackling them. Rob Bentley of Guy Carpenter, describes how Guy Carpenter is helping its clients manage these challenges—especially the conundrum of insurtech.

AGCS appoints Browne as UK CEO

26 November, 2018 - 11:04
Allianz group’s specialist corporate insurer Allianz Global Corporate & Specialty SE (AGCS) has appointed Sinéad Browne as its UK CEO.

Typhoon Jebi claims reach record $5.2bn

26 November, 2018 - 11:03
Claims from typhoon Jebi have reached ¥585.10 billion ($5.17 billion), surpassing claims of Typhoon Mireille, the most expensive typhoon in Japan so far with ¥568.0 billion, according to the General Insurance Association of Japan (GIAJ).

Japan's insurers absorb record cat losses

26 November, 2018 - 11:03
The three major Japanese non-life insurance groups - Tokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings – have incurred their biggest annual catastrophe loss on record in the first half of the financial year ending March 2019 (FYE19), according to Fitch Ratings.

VIG Re opens Paris office in European expansion

26 November, 2018 - 10:59
Czech Republic-based reinsurer VIG Re has opened a new branch office in Paris to further strengthen its presence in Continental Europe.

Talanx taps former AXA CFO for Germany unit

26 November, 2018 - 10:30
German re/insurer Talanx, the parent company of Hannover Re and HDI, has made personnel changes in the management board of its German unit following the departure of Ulrich Rosenbaum.

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