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Updated: 2 hours 21 min ago

Technology, Brexit and regulation top recurring concerns for insurance, finds law firm Beachcroft

17 September, 2019 - 15:52
Brexit, technology and regulation lead the key concerns of insurers in the latter half of 2019, according to a report by law firm DAC Beachcroft.

QBE combines cyber insurance with risk prevention and post-breach services

17 September, 2019 - 15:22
Specialist insurer QBE North America, a part of the QBE Insurance Group, has enhanced its cyber insurance solution to include cyberattack prevention services as well as post-breach response assistance.

US insurtech Broker Buddha secures $4.5m funding for expansion

17 September, 2019 - 15:14
Insurtech platform Broker Buddha that simplifies the commercial insurance application and renewal process has raised $4.5 million in a funding round led by Vertex Ventures.

Ed bolsters risk solutions with senior hire from Faraday

17 September, 2019 - 15:08
London-based reinsurance, wholesale and specialty broker Ed has appointed Simon Stovell as divisional director for its risk solutions team.

Cyber risk modelling start-up Kovrr raises $5.5m; sets out to tackle silent cyber with new approach

17 September, 2019 - 12:39
Israel-headquartered cyber risk modelling firm Kovrr has raised $5.5 million in its latest funding round led by venture capital firms StageOne Ventures and Mundi Ventures, with participation of Banco Sabadell and other private investors.

Environmental risks are biggest ESG factors for insurers and reinsurers, especially in Asia-Pacific, Fitch heat map reveals

17 September, 2019 - 12:39
Environmental risks are the biggest ESG factor for insurers and reinsurers, and Asia-Pacific is the region of most concern.

Marsh swoops on AIG, Aon talent to boost UK financial lines unit FINPRO

17 September, 2019 - 10:47
Broker Marsh has made two senior hires from AIG and Aon to strengthen its UK financial & professional (FINPRO) practice within Marsh JLT Specialty.

AXIS appoints Michael Baumel to head claims succeeding David Hayward

17 September, 2019 - 10:05
AXIS Insurance, a business segment of Bermuda-based AXIS Capital Holdings, has appointed Michael Baumel as new chief claims officer, succeeding David Hayward who is retiring in March 2020.

Telematics specialist Trak Global seeks rapid growth in North America; appoints CEO

17 September, 2019 - 09:32
UK telematics firm Trak Global Group (TGG) has appointed Nino Tarantino as chief executive officer (CEO) for its insurance solutions North American business IMS, responsible for driving growth across the continent.

New Dawn Risk strengthens team with senior Paragon hire

17 September, 2019 - 09:04
Specialist insurance intermediary New Dawn Risk Group has appointed James Bullock-Webster as head of technology, media and cyber.

London market veterans launch Commonwealth Insurance Forum

16 September, 2019 - 15:18
Two London market veterans have launched a new body, the Commonwealth Insurance Forum (CIF), to promote the industry within the 53 countries of the British Commonwealth.

RMS puts Hurricane Dorian US insured losses in $500m-$1.5bn range, total losses in $4bn to $8.5bn range

16 September, 2019 - 15:14
Hurricane Dorian will cost insurance losses of between $500 million and $1.5 billion in the US, much less than some had estimated.

Risk trading insurtech AkinovA donates ILS assets to insurance standards-setting body ACORD

16 September, 2019 - 15:06
AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has donated some insurance-linked security (ILS) assets to ACORD, the global standards-setting body for the insurance industry.

AXA XL promotes trio to grow UK book of business

16 September, 2019 - 14:28
Re/insurer AXA XL has made a number of appointments in its UK client and distribution team, based in London.

House of Insurtech launches underwriting-as-a-service platform

16 September, 2019 - 14:02
London-based House of Insurtech has launched a new cloud-based 'underwriting-as-a-service' platform, called Insurforce, that aims to lower administration cost, and increase flexibility for insurers, MGAs and brokers.

Lloyd's managing agent Vibe shuts A&H and property D&F units blaming tough market

16 September, 2019 - 12:07
Lloyd's managing agent Vibe Syndicate Management has closed its accident & health (A&H) and property D&F business units with immediate effect, citing "difficult market conditions".

IFRS 17 still beset by some uncertainties, says AM Best

16 September, 2019 - 11:27
Ratings agency AM Best has highlighted concerns about further amendments being proposed to the International Accounting Standard, IFRS 17, which seeks to reflect market values in the published financial statements of insurers.

AIR Worldwide pegs typhoon Faxai insured losses between $3bn and $7bn

16 September, 2019 - 11:21
Catastrophe risk modelling firm AIR Worldwide estimates that industry insured losses from Typhoon Faxai, which made landfall in Japan on September 9, will be between JPY 340 billion ($3 billion) and JPY 740 billion ($7 billion).

RSA appoints new CEOs of Ireland and Scandinavia

16 September, 2019 - 11:16
RSA Insurance Group has appointed Kevin Thompson as the new chief executive of its Irish business, RSA Ireland, replacing Ken Norgrove who is moving to the role of CEO of Codan/Trygg-Hansa, the company's Scandinavian business.

DXC Technology appoints new chief executive officer to lead next phase of growth

16 September, 2019 - 10:37
DXC Technology, a London insurance market service provider, has appointed Mike Salvino as its new president and chief executive officer (CEO).


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