Intelligent Insurer News

Hilary Weaver, Chief Risk Officer at Lloyd’s of London, is to leave the corporation at the end of March 2019 after 16 years.

The departure of four people from an Arthur J Gallagher team to join the Ardonagh group was viewed as a “planned attack”, according to John Thompson, a managing partner at Alesco, as he gave evidence in the poaching case brought by AJG.

The European Commission has approved Marsh & McLennan Companies' (MMC's) acquisition of re/insurance broker Jardine Lloyd Thompson Group (JLT), conditional on the divestment of JLT's global aerospace practice.

Willis Re, the reinsurance division of broker Willis Towers Watson, has hired Steve Robson as head of London market reinsurance claims.

Bermuda-based RenaissanceRe Holdings (RenRe) has completed the acquisition of Tokio Millennium Re (TMR) following the receipt of all necessary regulatory approvals.

Insurer Chubb has appointed Serene Neo as division head of accident & health (A&H) for Singapore. She will report to Scott Simpson, Chubb's country president for Singapore.

A petition, signed by 60 organisations, has called for more than 1,300 insurance companies that do business in California to disclose the fossil fuel projects they insure and invest in.

US insurer Allstate Corporation has estimated catastrophe losses for January and February 2019 of $299 million, pre-tax ($236 million, after-tax).

Allianz Insurance has promoted Gerry Ross to the post of head of commercial motor.

Insurtech Concirrus has signed up Dieter Berg, former president of the International Union of Marine Insurance, as a non-executive director.

Sherpa, a UK insurtech startup, said it is the “first to use AI” to offer a fully digital, personalised insurance for the self-employed, a fast growing demographic.

Arch Capital Group has appointed John Pasquesi as chairman of the board, succeeding Constantine ‘Dinos’ Iordanou in September 2019.

Betterview, the insurtech platform provider for property transactions, has appointed Dan Shoham as its new chief science officer.

Business email compromises accounted for nearly a quarter (24 percent) of the overall number of incidents reported to Beazley Breach Response (BBR) Services in 2018, compared to 13 percent in 2017, according to the latest figures.

Peter Mullen has rejoined Artex the alternative risk management company as chief executive officer, with David McManus taking up the new role of Chairman.

Resolution Life Group Holdings has appointed John Hele president and chief operating officer.

Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has confirmed it has opened its new headquarters in Luxembourg city.

Analysts from Keefe, Bruyette & Woods (KBW) said “Florida is still a cash cow for reinsurers”, with demand looking “flat to up”, while “supply looks flat”, following Guy Carpenter's (GC) 2019 Florida Summit.

Reports of a “deep-seated culture of sexual harassment” in the insurance market have prompted the LMA to say the problem must be hit “head on”.

A Randall & Quilter Florida-domiciled subsidiary has confirmed a program underwriting partnership with Pronto General Insurance Agency (Pronto).