Intelligent Insurer News
The latest news from www.intelligentinsurer.com
Updated: 2 hours 4 min ago
Everest's Zaffino gears up to take competitor Ascot to next level
Jonathan Zaffino has resigned as Everest Insurance CEO to take up a top line role at Ascot.
European windstorm largest exposure with €59.8tr insured property: PERILS
The Industry Exposure Database 2020 reveals a total of $78 trillion of natural perils exposed sums insured.
Crawford splits president and CEO roles in leadership shake-up
The current CEO will transition from his role to return back to the board as a director.
Berkshire's BHSI expands global property underwriting leadership
The appointee will focus on general property, energy and construction, based in Dubai.
Everest CEO Jonathan Zaffino resigns to pursue new opportunity
Everest Insurance's senior leadership team will report directly to Juan Andrade with immediate effect.
Could insurtechs grab market share in the coronacrisis?
For an industry built on relationships, the importance of technology to staying in contact was proved very quickly when social distancing began. The pandemic has showcased innovative insurtechs and technology, which could drive faster digital transformation industry-wide. Intelligent Insurer speaks to leaders at two game-changing insurtechs.
AXIS 'well-positioned' to weather the COVID-19 storm, says Benchimol
The re/insurer has estimated net claims provision of $235m for the COVID-19 pandemic.
Moody’s downgrades Genworth’s life insurance as profits drop
Moody's expects the coronavirus-related economic downturn to weigh on its earnings volatility.
Global reinsurance capital grew 15% but underlying returns decline: Willis Re
New report suggests that a significant increase in investment gains resulted in the capital growth.
Davies bolsters FCA regulatory boards to support growth strategy
The company has appointed a new director who previously worked at Lloyds Banking Group and Harrods Bank.
Hiscox Action Group says refusing to pay COVID-19 BI claims 'disgraceful' as it prepares for legal battle
A group of over 200 claimants have vowed to force Hiscox to pay disputed business interruption claims related to COVID-19.
UK insurers' COVID-19 payouts set to top £1.2bn excluding Lloyd’s and London Market: ABI
ABI members expect to pay £900m in business interruption claims, even though most policyholders are not covered for pandemic losses.
Brit Global Specialty USA expands programmes business with Hartford hire
The appointee was most recently COO and head of distribution at Maxum Specialty.
Berkley One expands US footprint
Georgia and Rhode Island are the newest states in Berkley One’s portfolio.
Tokio Marine unveils new cyber insurance partnership
The partnership will allow homeowner insurance carriers to offer a single, comprehensive personal cyber solution.
China's Ping An expands financial services footprint
Its new tech-enabled finance company is powered by artificial intelligence (AI), blockchain and cloud computing.
Pioneer Underwriters to merge with K2 Insurance Services
The acquisition is a part of K2's international expansion strategy.
COVID-19 could be 'most costly' event for insurers with losses reaching $60bn
Experts suggest business interruption and trade credit are likely to drive material market losses.
New Lloyd's coverholder Leadenhall Asia to begin trading in Hong Kong
The MGA is led by former XL Catlin Asia management Jason Smith and Kin Lau.
COVID-19 to have knock-on effect on insurance; emerging economies to suffer worst blow
Mapfre warns of the 'worst economic crises' in a major turnaround from its earlier projections.
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