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Updated: 1 hour 57 sec ago

MS Amlin confirms exit from aviation insurance market

14 October, 2019 - 15:07
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.

Gallagher acquires Swedish broker Proinova

14 October, 2019 - 15:06
Global insurance broker, risk management services and consulting firm Gallagher has extended its investment in Scandinavia by acquiring specialist Swedish broker Proinova.

CLS launches insurance product for public contract award cancellations

14 October, 2019 - 15:05
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.

Pen Underwriting’s innovative escape of water claims process could save industry almost £100m a year

14 October, 2019 - 15:04
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 expected to deteriorate significantly worldwide: Statista

14 October, 2019 - 10:45
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.

Pillar one OECD digital tax proposals 'not relevant' for insurance sector: Insurance Europe

14 October, 2019 - 10:22
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.

MedPro Group acquires renewal rights for Swiss Re Corporate Solutions healthcare professional liability business

14 October, 2019 - 10:20
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 appoints Dan Watson as senior engineering underwriter

14 October, 2019 - 10:08
Globe Underwriting, the UK based managing general agent, has appointed Dan Watson as senior engineering underwriter.

Startup consultancy GreenKite offers range of support services for insurers

14 October, 2019 - 10:07
Independent consultancy firm GreenKite has launched, dedicated to providing advice, support and solutions for the Insurance and financial services industry.

Property/casualty insurance industry’s surplus of $802.2bn sets new record in first-half 2019

14 October, 2019 - 10:06
Private US property/casualty insurers’ surplus reached a new record of $802.2 billion in the first half of 2019, pushed up by insurers’ income and unrealised capital gains, according to Verisk, a data analytics provider, and the American Property Casualty Insurance Association (APCIA).

Rick Montgomerie and Charlie Vaughan to leave Markel CATCo; launching new investment manager Chard Re

14 October, 2019 - 10:05
Rick Montgomerie and Charlie Vaughan, the portfolio managers for Markel CATCo Investment Management’s Aquilo Fund, are leaving the company to establish a new investment manager and fund — Chard Re Investment Management. Elizabeth Simmons, the fund's underwriter, will also be leaving to join Chard Re, which is intended to launch January 1, 2020.

Problems with long-term care insurance thrust General Electric and long-term care industry into spotlight

14 October, 2019 - 10:05
Developing problems with long-term care insurance have thrust General Electric (GE) and the wider long-term care industry into the spotlight, according to Erik Miller and Jason Hopper, associate directors with AM Best.

Nancy Goodwin and Alejandro Benavides take senior roles at Combined Insurance

14 October, 2019 - 10:04
Combined Insurance, a provider of voluntary supplemental accident, disability, health and life insurance products, and a Chubb company, has made two new senior leadership appointments.

Investment firm Värde Partners teams up with insurtech firm Agam Capital on joint venture

14 October, 2019 - 10:03
Global alternative investment firm Värde Partners and insurance solutions provider Agam Capital have formed a life and retirement solutions joint venture that will combine the investment management expertise of Värde Partners with the proprietary insurance solutions platform developed by Agam.

Shepherd: a complete real-time monitoring solution

11 October, 2019 - 16:38
Property monitoring technology makes data-driven underwriting easier and better informed than ever, as Shepherd CEO Stephen Chadwick explains to Intelligent Insurer.

Reinsurer PartnerRe names Nicolas Burnet as successor to retiring executive vice president and CFO Mario Bonaccorso

11 October, 2019 - 15:47
PartnerRe has revealed that Nicolas Burnet will succeed Mario Bonaccorso as executive vice president and chief financial officer when he retires on March 31, 2020.

Dorian ties as strongest landfalling Atlantic hurricane on record: Aon

11 October, 2019 - 15:47
Hurricane Dorian tied as the strongest landfalling hurricane on record in the Atlantic Ocean, according to Aon’s Global Catastrophe Recap report.

Allianz makes three appointments at corporate partner/SME team

11 October, 2019 - 14:47
Allianz Insurance has made three new appointments across its small and medium-sized enterprises (SME) and corporate partner team.

Sedgwick makes two leadership appointments to drive growth in UK

11 October, 2019 - 13:46
Sedgwick has appointed two key people to its leadership team to support the ongoing growth of its UK operations.

Artex chief executive sees further mergers among ILS service providers

11 October, 2019 - 11:11
Further mergers are likely among service companies in the growing Insurance Linked Securities (ILS) space.

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