Intelligent Insurer News

The deal enhances its ability to service retail SME clients and enlarge its US wholesale cyber book.

The Australian insurer has recognised a A$865m hit following the business interruption test case ruling.

The company is consolidating two of its managing underwriting manager businesses in the US.

The insurer says it is continuing to evaluate the remaining Italian business to maximise shareholder value.

It is the first indemnity excess mortality bond that models the cedants’ portfolio on a loss ratio basis.

The follow-only syndicate will write its first risk incepting in January 2021.

The new programme increases its total authorisation to $6.1 billion.

The new hire has over 33 years' experience in both the London and Australian markets.

Zurich subsidiary Farmers Group is proposing to acquire the unit to expand its US business.

Specialty re/insurer Inigo is set to commence underwriting on January 1, 2021; Howard Davies named chairman.

The insurance industry is expected to adapt by utilising analytics and data-driven tools, says broker.

The Italian insurer has achieved its target of €200m in expense reduction ahead of plan.

The new offering is designed to better protect high net worth individuals.

The US firm has hired a long-time insurance industry to develop its new operation.

The insurer seeks to cut costs and reduce E&O exposure by decreasing errors caused by human data entry.

It will enable insurers to track exposures, develop underwriting strategies and create new products to mitigate future risk.

Infrastructure is the key to leveraging automation in underwriting, says Ed Challis of Re:infer, ahead of a webinar in Intelligent Insurer’s underwriting webinar series.

The reinsurer is targeting a P&C combined ratio of nearly 96 percent in 2021 amid an overall positive outlook.

The cyber insurance market is expected to rise to $20 billion by 2025, says broker.

The deal expands Hudson Insurance Group's surety business in the US.