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Updated: 13 min 58 sec ago

D&O making losses after number of carriers escalates

9 October, 2019 - 09:51
The Directors and Officers (D&O) market is losing insurers money and needs to be realigned after the number of carriers shot up over the last decade, said a leading industry player.

BMS poised for 'strong profitable growth' as it secures major investment from BCI and PCP

9 October, 2019 - 09:44
BMS Group has secured a long-term equity investment, which values the specialist re/insurance broker at £500 million, from British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP).

Risk Strategies replaces CEO; founder moves to executive chairman role

9 October, 2019 - 09:09
US insurance brokerage and risk management firm Risk Strategies has appointed its president John Mina as new chief executive officer (CEO).

Insurtech Inzura hires telematics expert for UK and Europe

9 October, 2019 - 08:56
UK-based insurtech firm Inzura.ai, which offers insurers and brokers mobile-centric tools designed to accelerate user engagement and company profits using advanced machine learning, integrated dashcams and AI, has hired a senior industry telematics specialist to further expand its business.

MGA Ascent boosts cyber underwriting team to meet US demand

8 October, 2019 - 14:37
Cyber and specialty lines MGA Ascent Underwriting has hired two cyber underwriters Kieran Shiret and Henry Rydon.

IFIG upgrades insurance fraud e-alerts with Verisk as threats continue to evolve

8 October, 2019 - 14:06
The Insurance Fraud Investigators Group (IFIG) has partnered with Verisk to upgrade its technology to include a cloud-based e-alerts platform to tackle the ever evolving problem of insurance fraud.

Insurer CFC acquires US-based cyber incident firm Solis Security

8 October, 2019 - 14:04
Specialist insurance provider CFC has bought Solis Security, a Texas-based incident response provider, to increase its in-house cyber incident response capabilities.

Marsh boosts Aviation Practice in London and New York with four senior hires

8 October, 2019 - 13:46
Global insurance broker and risk adviser Marsh has made four senior appointments to Marsh JLT Specialty’s Aviation Practice in London and New York.

Resolution Re names Steve Hales as CEO; Bermuda-domiciled reinsurer looks to build business

8 October, 2019 - 13:33
Steve Hales has been appointed CEO of Bermuda-domiciled reinsurer Resolution Re, part of the Resolution Life Group.

Munich Re backs small business insurtech Next with $250m Series C funding

8 October, 2019 - 11:10
German reinsurer Munich Re has injected $250 million in California-based digital insurer Next, in addition to its initial investment of $29 million the insurtech's Series A funding.

Insurtech Artificial launches cross-discipline project using machine learning to develop ‘future of insurance software’

8 October, 2019 - 10:38
London-based insurtech, called Artificial, has launched the Artificial Beta Community project to shape the future of insurance software by uniting underwriters, brokers and MGAs with the company’s own team of data and machine learning experts.

Arch expects up to $75m cat loss in Q3 2019 from Hurricane Dorian and Typhoon Faxai

8 October, 2019 - 10:10
Bermuda-based re/insurer Arch Capital Group is expecting approximately $65 to $75 million (pre-tax) losses related to 2019 third quarter catastrophic events.

Financial Conduct Authority crackdown could hit profits for UK motor and home insurers, finds Fitch

8 October, 2019 - 10:03
Fitch Ratings has warned that UK motor and home insurers could see a drop in profits next year as the regulator, the Financial Conduct Authority (FCA), moves to end high prices for customers who do not shop around for a better deal.

The Hanover enhances cyber coverage to tackle complex exposures

8 October, 2019 - 09:42
The Hanover Insurance Group has launched a new stand-alone, non-admitted cyber offering for commercial lines agents and their clients.

MGA Hive Aero appoints aviation analyst

8 October, 2019 - 09:36
Hive Aero, a managing general agency (MGA) specialising in aviation hull war insurance, has hired Mark Shurville as aviation analyst.

Aston Lark makes key hire to drive future growth strategy under Goldman Sachs

8 October, 2019 - 09:14
UK insurance broker Aston Lark has appointed Andrew Scola to its executive leadership team in the newly created role of group chief technology and operating officer.

Low interest rates bigger worry for insurers than no-deal Brexit: S&P

8 October, 2019 - 08:53
Prolonged lower interest are rates a bigger worry than Brexit for insurers.

Insurance industry gathers to help counter the threat of terrorism

7 October, 2019 - 15:43
Some 200 re/insurance professionals will gather in Brussels this week to share their insights on terrorism, and help mitigate its effects.

US life insurers strong but wave of credit downgrades could be a worry: Moody’s

7 October, 2019 - 15:20
US life insurers are financially robust, but a large number of credit downgrades could reduce their capital strength.

DWF appoints Paweł Stykowski as partner and head of insurance in Warsaw

7 October, 2019 - 15:09
Paweł Stykowski has left law firm Wierzbowski Eversheds Sutherland (WES) to take up the role of local partner and head of insurance at DWF in Warsaw, Poland.

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