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Updated: 30 min 14 sec ago

Munich Re shares data secrets

5 June, 2019 - 07:38
Risk managers wondering how underwriters use their data to rate and review risks—and then set their rates—were given a behind-the-scenes look at how Munich Re does it, although Airmic 2019 workshop leader James Cleaver, a corporate insurance partner at the German firm, was careful not to give away all the reinsurer’s secrets.

Captives in cyber and CMT well worth watching: Marsh

5 June, 2019 - 07:36
When it comes to making the most of your captive, there is growing interest in what it can do to help cover cyber risks, Robert Geraghty, senior vice president and international sales leader at Marsh Captive Solutions, told Airmic Today.

Gallagher snaps up Australian broker The Protectors Group

4 June, 2019 - 10:53
Insurance brokerage and risk management firm Arthur J Gallagher has acquired The Protectors Group (TPG), an Australian retail broker specialising in construction, hospitality and transport coverage for commercial and corporate clients in Greater Western Sydney.

Marsh partners with insurtech VC fund Eos on real-time risk management solution

4 June, 2019 - 10:21
Specialist venture capital fund Eos has partnered with broker Marsh to develop innovative insurtech solutions that will deliver 'actionable intelligence' to drive real-time risk management within the insurance marketplace.

Traditional reinsurance capital to remain strong in 2019: Fitch

4 June, 2019 - 10:04
US property/casualty (P/C) insurers are well placed to weather the landfall of a significant storm in the 2019 hurricane season despite experiencing elevated catastrophe losses in the recent years, according to Fitch Ratings.

Markel swoops on Chubb for global professional liability executive underwriting officer

4 June, 2019 - 09:20
Markel Corporation has appointed James Proferes as executive underwriting officer for global professional liability.

White Mountains buys stake in ILS manager Elementum

4 June, 2019 - 09:15
Bermuda-based White Mountains Insurance Group has acquired a minority equity stake in Elementum Advisors, an insurance-linked securities (ILS) manager with over $4 billion of assets under management.

Everest bolsters professional liability group with Sompo, Navigators and TMR hires

4 June, 2019 - 09:10
Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has bolstered its professional liability group with three new members who join from Sompo, Navigators and TMR.

Airmic CEO bids insurers to clarify risk appetite in opening speech

4 June, 2019 - 07:59
Society is in the early stages of a revolution driven by technology. While this should mean more prosperity, it will also mean unintended consequences and some “dark and challenging” times, John Ludlow, the chief executive of Airmic, warned delegates in his opening remarks at the risk management body’s annual conference.

Risk managers debate the complex ‘new world’ challenges

4 June, 2019 - 07:57
The world is grappling with a fast-moving and complex fourth industrial revolution, the full consequences of which are impossible for foresee. This means new challenges for risk managers—but also opportunities.

AI can treat customers as individuals

4 June, 2019 - 07:54
Data science and machine learning offer opportunities to provide better pricing and reduce fraud as well as offering other benefits, Airmic delegates heard at the ‘How can AI change the risk landscape for businesses and their insurers?’ workshop led by QBE at the Airmic conference.

Interest in technology to ‘speed up in next five years’

4 June, 2019 - 07:51
An acceleration in the take-up of technology can be expected “in the next five years” as more insurance industry executives recognise the value it can provide, said Steve Cloutman, managing director at advanced analytics company Ventiv Technology.

Tipping point for downstream energy?

4 June, 2019 - 07:48
Paul Sankey, Liberty Specialty Markets’ head of energy & construction, says the downstream energy market needs to do some serious thinking about its profitability.

Members want more strategic clout

4 June, 2019 - 07:45
The majority of risk professionals want more opportunity to influence strategic decisions as the world becomes increasingly volatile and complex, the Airmic 2019 survey has found.

Firms neglecting emerging risks; new approach needed

4 June, 2019 - 07:44
Organisations are not paying enough attention to emerging risks, preferring to focus on easier-to-manage visible risks, according to a guide published by Airmic in association with Marsh.

Airmic and Aon partner on captives

4 June, 2019 - 07:42
As captives have become an increasingly important part of a risk manager’s toolkit, UK-based risk management association Airmic has refocused its energies on promoting the sector and offering new research and opportunities for its members.

UK commercial insurance market enters more disciplined phase

4 June, 2019 - 07:40
The commercial European insurance market is at the cusp of a more consistent shift towards firming market conditions that will have a strong impact on buyers, a new report by Aon has claimed

Clients want to partner on tech

4 June, 2019 - 07:38
Carriers and brokers increasingly want their partners to help them leverage data and technology to make them more efficient and offer greater insights into the risks and claims they are grappling with.

Zurich seeks growth in Asia Pacific as it closes A$2.85bn Australian life acquisition

3 June, 2019 - 10:56
Zurich Insurance Group has completed the acquisition of ANZ’s life insurance business OnePath Life in Australia for A$2.85 billion ($2 billion), becoming the country’s largest retail life insurer.

AM Best moves Greenlight Re outlook to 'negative' over underwriting profitability concerns

3 June, 2019 - 10:32
Rating agency AM Best has revised the outlook of Cayman Islands-based reinsurer Greenlight Capital Re to negative from stable, expressing concern over its "negative underwriting performance".

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