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Updated: 19 min 12 sec ago

Munich Re applies AI to enhance knowledge management

13 February, 2018 - 15:40
Munich Re is working with Starmind to transform Munich Re's knowledge management, leveraging internal knowledge and expertise as key competitive advantages, according to a Feb. 12 press release.

PartnerRe deal to address 'huge' potential of precision farming

13 February, 2018 - 12:33
Bermuda-based PartnerRe is teaming up with Farmers Edge to customise insurance products to target growth of precision farming.

Prudential Financial acquires 13% of Peak Re

13 February, 2018 - 10:26
US-based Prudential Financial (PFI) is acquiring a 13.1 percent stake in Hong Kong-based Peak Reinsurance Company via a wholly-owned subsidiary through an issuance of new shares.

Nexus strikes first of three M&A deals planned for 2018

13 February, 2018 - 10:25
Nexus Group has acquired Lloyd's coverholder and a specialist directors & officers and financial institutions (DOFI) MGA Apsley Specialty.

Underwriting profitability boosts Arch Q4 results

13 February, 2018 - 10:24
Bermuda-based Arch has improved its financial performance in the fourth quarter of 2017 as underwriting profitability improved.

Innovation may boost insurance revenues by $375bn

13 February, 2018 - 10:22
Insurance carriers globally could seize $375 billion in new revenue in the next five years by transforming and revitalizing their businesses, according to a new report from consultancy firm Accenture.

Ryan Specialty snaps up Lodestar Marine

13 February, 2018 - 10:20
Ryan Specialty Group (RSG) has reached a definitive agreement to acquire Lodestar Marine, a managing general agent (MGA) in the protection and indemnity (P&I) fixed premium marine market.

Florida insured losses from hurricane Irma reach $8bn

13 February, 2018 - 10:18
Total insured losses caused by hurricane Irma in Florida are estimated at $7.95 billion, according to latest information published by the Florida Office of Insurance Regulation.

Liberty unveils new e-trading credit platform

13 February, 2018 - 10:16
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, is launching a platform for transacting specialised trade credit insurance for banks, corporates and commodity traders, according to a Feb. 12 press release.

Everest taps senior excess casualty exec from rival Aspen

13 February, 2018 - 10:14
Everest Insurance has hired Jeff Mickletz as director and senior underwriter within the excess casualty division of Everest Specialty Casualty.

Cyclone Burglind (Eleanor) costs insurers €643m

13 February, 2018 - 10:12
Extratropical cyclone “Burglind”, also known as “Eleanor” caused insurers property losses of €643 million, according to estimates by insurance data provider PERILS.

ArgoGlobal, Barbican lead first Lloyd's motor treaty consortium

12 February, 2018 - 15:54
ArgoGlobal has led the first Lloyd’s market consortium for motor treaty business, according to a Feb. 12 press release.

XL Catlin appoints China CEO from Guy Carpenter

12 February, 2018 - 15:54
Re/insurer XL Catlin has appointed Phil Xue as chief executive officer of XL Insurance China.

Chinese firm bids for Greece’s Ethniki Hellenic General Insurance

12 February, 2018 - 15:54
Rongfeng Holding Group and a related party plan to acquire a majority stake in National Bank Of Greece's insurance unit Ethniki Hellenic General Insurance, according to a Reuters Feb. 12 report.

Cunningham Lindsey taps Crawford exec as Sweden CEO

12 February, 2018 - 15:54
Claims management firm Cunningham Lindsey has appointed Claes Frick as chief executive officer for Sweden.

SoftBank deal to bolsten Swiss Re’s competitive advantage

12 February, 2018 - 10:35
Softbank’s communication and technology expertise and network of hi-tech investments would give Swiss Re a competitive advantage as the re/insurance sector adapts to transformational technologies that will over time test its business model, according to Moody’s.

M&A activity in re/insurance on the rise

12 February, 2018 - 09:29
The combination of continued competitive pressures, the effects of US tax reform and catastrophe losses in 2017 is leading to speculation of more mergers and acquisitions (M&A) among re/insurers in 2018, especially in the Bermuda market, says Fitch Ratings.

Berkshire Hathaway gets Dubai license; taps AIG/AXA execs

12 February, 2018 - 09:27
Berkshire Hathaway Specialty Insurance Company (BHSI) has opened a new office in the Dubai International Financial Centre (DIFC), while naming Alessandro Cerase as its senior executive officer (SEO) and Neeraj Yadvendu as deputy SEO and head of third party lines for the Middle East.

Retakaful growth expectations disappoint

12 February, 2018 - 09:26
The increasing appetite for Islamic insurance has led many investors to view the retakaful sector as a growth opportunity, but retakaful players have recently run into difficulty or have exited the market, according to a report by AM Best.

StarStone launches crisis management unit with Antares/ArgoGlobal trio

12 February, 2018 - 09:26
StarStone, a specialty insurer and subsidiary of Bermuda-based Enstar Group, has launched a new crisis management division, following the hire of executives from Antares and ArgoGlobal.


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