Intelligent Insurer News

Voce Capital Management, the beneficial owner of approximately 5.4 percent of the shares of Argo Group International Holdings, has said that the ongoing Securities and Exchange Commission (SEC) investigation at Argo related to executive compensation and benefits and associated disclosure issues highlights the need for urgent changes.

The American Council of Life Insurers (ACLI) has elected its chairman, officers and board of directors at the 2019 ACLI Annual Conference.

Peter Welton has been promoted to UK Head of Energy for AXA XL Insurance. In his new role, he is responsible for developing the UK energy book and providing and designing innovative insurance and flexible solutions for energy clients. He will lead a team of underwriters in London.

The majority of insurtechs startups will fail, Starr Insurance Companies chairman and chief executive officer Maurice R ‘Hank’ Greenberg has said.

Research organisation Gartner has given the Accenture Life Insurance & Annuity Platform (ALIP) the highest score in its digital user support use case in a new report, Critical Capabilities for Life Insurance Policy Administration Systems, North America.

Shares in BP Marsh rose 6% after the specialist investor in financial services intermediary businesses, including insurance firms, reported robust results for the first half of the year.

The promised laws to implement new building safety standards, as outlined in the Queen’s Speech yesterday, have been welcomed by Douglas Barnett, director of mid-market and customer risk management at AXA Insurance.

Gérald Harlin, AXA’s group deputy CEO and group CFO, will be appointed executive chairman of AXA Investment Managers (AXA IM), effective December 1. He will implement the next phase of AXA IM’s strategy with the aim of accelerating the company’s development. Harlin will continue to report to Thomas Buberl, CEO of AXA, in this role.

Gallagher has acquired Ponte Vedra Beach, Florida-based The Doyle Group and its affiliates, collectively doing business as Direct To PolicyHolder (DTPH).

The launch of blockchain insurance startup B3i’s Cat XoL product is opening the door for the re/insurance industry to embrace distributed ledger technology. B3i’s chief marketing officer Ken Marke outlines its aims.

The leading provider of web-based property valuation solutions, e2Value takes a unique approach to insurance-to-value and collateral value monitoring. Co-founder Todd Rissel explains how it works.

The Iranian oil tanker 'Sinopa' being damaged, by what Iranian media said was a rocket attack, will drive war risk insurance rates for vessels in the Middle East.

Re/insurer MS Amlin has confirmed that it will be exiting the aviation insurance market, effective from today, when it will cease underwriting aviation insurance renewals or new business.

Global insurance broker, risk management services and consulting firm Gallagher has extended its investment in Scandinavia by acquiring specialist Swedish broker Proinova.

CLS Risk Solution has launched its Public Procurement Insurance (PPI) for the broker market, having seen a 10-fold rise in enquiries following a recent legal ruling.

A new escape of water claims process devised and delivered by specialist insurance business Pen Underwriting, in partnership with third-party administrator Davies Group, has the potential to reduce related industry indemnity spend by almost £100 million a year, Pen Underwriting said.

Economic development is expected to deteriorate significantly from +32 percent currently to -5 percent worldwide according to a new study by German online statistics portal Statista.

The insurance industry has no need for the supplementary regulations proposed by the Organisation for Economic Co-operation and Development's (OECD) for the so-called “pillar one” of its programme of work to develop a consensus solution to the taxation challenges arising from the digitalisation of the economy, according to a position paper published today by Insurance Europe, the European insurance and reinsurance federation.

Healthcare liability insurer MedPro Group (MedPro) has entered into a definitive agreement with Swiss Re Corporate Solutions (SRCS) to acquire the renewal rights to SRCS’s healthcare professional liability book of business effective October 11, 2019.

Globe Underwriting, the UK based managing general agent, has appointed Dan Watson as senior engineering underwriter.