Intelligent Insurer News

C-Quence, a new insurtech managing general agent (MGA) with a commercial insurance trading and underwriting platform, has been launched in London.

The acrimonious dispute between SCOR and Covéa, which started with failed takeover bid by the latter last year, has taken another remarkable twist that will likely see the clash played out in court.

Insured losses from the November 2018 wildfires in California have been re-evaluated upwards to $11.4 billion, representing a 25 percent hike from initial figures reported by the US government’s Department of Insurance.

Property Claim Services (PCS), a Verisk Analytics business, has launched its industry catastrophe loss data aggregation and index reporting services for events occurring in Japan.

The ILS market grew to $93bn of outstanding non-life capital in 2018, suggesting the market is in good health despite a quieter final quarter, according to the latest report from Willis Re.

French insurer AXA Group has unveiled a new entity, AXA Next, dedicated to build new services and business models beyond insurance. Each year, it will invest €200 million in its innovation vehicle.

Channel Syndicate 2015 at Lloyd’s has appointed a new head of technology and cyber to further develop its offering.

Specialist Lloyd's insurer Neon has hired Paolo Olivari as claims manager in Italy from Generali.

Insurance Europe has criticised proposals from the International Association of Insurance Supervisors (IAIS) for a new framework for identifying and managing systemic risk in the insurance sector.

Insurers working across the Commonwealth Independent States (CIS) of former Soviet Russia can expect to see further consolidation in their sector, according to the latest special report from AM Best.

Broker Brown & Brown enjoyed strong growth in 2018 though its profits dipped because of the effect of a one-off tax boost it enjoyed in 2017 triggered by US tax reforms.

Reinsurance Group of America (RGA) enjoyed strong growth in 2018 on the back of what its CEO said was its growing diversity from its global operating platform; its net profit fell compared with the year before, but this was because of one-off tax boost in 2017.