Intelligent Insurer News

Subscribe to Intelligent Insurer News feed
The latest news from www.intelligentinsurer.com
Updated: 1 hour 53 min ago

Lloyd’s Lab selects 10 tech teams to help transform the market

4 September, 2018 - 09:09
Lloyd’s Lab, the global insurance market’s new innovation accelerator, has opened its doors following a global search for technology talent that drew more than 200 applications from 36 countries.

Property cat pricing remains at ‘mercy’ of alternative capital: AM Best

4 September, 2018 - 09:09
Optimism over a turn in the global reinsurance market after the 2017 catastrophes quickly diminished as the January 1 and midyear renewals proved disappointing, providing minimal pricing increases to reinsurers and leaving market dynamics relatively unchanged, according to a new AM Best report.

Cat lines boost growth in China but also mean volatility: S&P

4 September, 2018 - 09:09
China's reinsurers are investing in technology and systems to support a rapid expansion of nonmotor and, in particular, catastrophe insurance in the country. These business lines will help sustain growth, although they could expose the sector to more profit volatility.

Guy Carp poaches MD from Willis Re to fill strategy role

4 September, 2018 - 09:08
Guy Carpenter has hired a new head of strategy and client engagement within its international and global specialties divisions, with effect from October.

Turner assumes RSA Luxembourg leadership; looks to hire more in Europe

4 September, 2018 - 09:08
RSA Insurance Group's new European office in Luxembourg will be led by Richard Turner who previously oversaw the company's EU business from the UK, and has relocated to take up the role.

CCR Re enjoys strong growth in 1H 2018

4 September, 2018 - 09:08
CCR Re has enjoyed strong growth since it was launched in January 2017. For the first half of 2018, it posted premium income of €381 million, a 12 percent increase on the same period a year earlier, and net profit of € 17 million, equal to its profit for the whole of 2017.

Waiting for a $250bn industry loss

3 September, 2018 - 10:58
A $250 billion industry loss may be needed to turn the market after a combination of hurricanes, earthquakes and wildfires costing the insurance industry over $140 billion in 2017 resulted in only moderate rate increases, according to broker JLT.

Swiss Re UK & Ireland CEO steps down

3 September, 2018 - 10:58
Swiss Re has announced that its UK & Ireland (UKI) CEO Frank O'Neill has decided to leave the reinsurer to pursue an opportunity outside the company.

Tokio Marine swoops for Munich Re head of cyber innovation

3 September, 2018 - 10:58
Insurance group Tokio Marine Holdings (TMH) has appointed Munich Re's Daljitt Barn to the newly-created post of global head of cyber risk.

Everest hires Lloyd's Vandendael to lead global expansion

3 September, 2018 - 10:58
Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has hired Lloyd’s chief commercial officer Vincent Vandendael as CEO of Everest Insurance international.

Chinese giant PICC partners with blockchain VeChain and DNV

3 September, 2018 - 10:57
People's Insurance Company of China (PICC) has partnered with Shanghai-based blockchain platform VeChain and risk management firm DNV GL to create new blockchain insurance solutions aimed at bringing digital transformation to the insurance industry.

Canopius signs underwriting deal with MGA Anvil

3 September, 2018 - 10:57
Specialty re/insurer Canopius has signed an underwriting partnership with credit and political risk managing general agent (MGA) Anvil Underwriting.

Munich Re subsidiary NewRe appoints new CUO to drive P&C growth

3 September, 2018 - 10:57
NewRe, a wholly owned subsidiary of Munich Re, has appointed Artur Klinger as new chief underwriting officer for the property and casualty business.

Hiscox partners with US insurtech for claims handling

3 September, 2018 - 10:57
Global specialist insurer Hiscox is introducing a customer messaging solution from Boston, Massachusetts-based insurtech firm Hi Marley for AI-powered claims handling communications.

Kingstone taps insurtech Roost for home telematics

3 September, 2018 - 10:57
New York-based multi-line regional property and casualty insurer Kingstone has partnered with California-based home telematics company Roost.

Talbot looks to grow A&H book globally with senior Chubb hire

3 September, 2018 - 10:57
Talbot Underwriting, a subsidiary of AIG (previously Validus Holdings) which operates within the Lloyd's Insurance Market through Syndicate 1183, has hired Shawn Foreman for global accident & health (A&H) team as class underwriter, based in London.

Markel to acquire Nephila to become largest manager of ILS funds

31 August, 2018 - 14:51
Markel Corporation is to acquire Nephila Holdings in a deal that will create an entity with assets under management between Nephila and Markel CATCo of some $19 billion.

Enstar acquires Maiden Reinsurance North America for $308m

31 August, 2018 - 14:48
Bermuda-based Enstar Group is acquiring Maiden Reinsurance North America from a subsidiary of Maiden Holdings.

Vandendael leaves Lloyd’s to become Everest CEO international

31 August, 2018 - 13:09
Lloyd’s chief commercial officer Vincent Vandendael has decided to leave the corporation after almost six years to become CEO international at Everest Insurance in early 2019.

AM Best critical of Maiden after US renewal rights sale to TransRe

31 August, 2018 - 11:12
AM Best has placed the financial strength rating and the long-term issuer credit ratings (ICRs) for Maiden Reinsurance, and its affiliate Maiden Reinsurance North America under review with negative implications following the announcement that the renewal rights for its US diversified business were being sold to TransRe.

Pages

Go to top