Intelligent Insurer News
The latest news from www.intelligentinsurer.com
Updated: 1 hour 33 min ago
Strategic Risk Solutions seeks LatAm expansion with JLT hire
SRS president believes Latin America is an underserved market for captive insurance.
Insurance industry reputation ‘damaged’ by COVID-19 failings, say majority of brokers
Poll shows brokers predict they could lose nearly a quarter of their new business gross written premium this year.
Lemonade IPO reiterates ‘need for insurance market shift’
Questions over funding for the broader insurtech market answered with a view of a technology driven future.
BMS hire will ‘build out’ US casualty facultative practice
New appointee brings more than 25 years’ facultative experience in the US reinsurance market to the firm.
Zurich builds climate change resilience services with new role
The senior hire will bring fresh expertise and additional capabilities to the team.
National Guardian Life sells closed blocks to Prosperity Life
The company described the deal as a significant milestone for its capital optimization plans.
China Pacific Insurance files to float on the LSE
It will become the first Chinese insurer to list in Shanghai, Hong Kong and London.
SCOR’s Channel Syndicate hires from Lloyd’s and Hannover Re amid reshuffle
One senior executive is also retiring from the business in July.
Dubai International Financial Centre celebrates strong growth in reinsurance
The centre wants to be recognised as the industry’s main hub in the region.
AIG’s Bermuda ILS unit AlphaCat appoints new CEO amid reshuffle
The new boss replaces the firm’s long-time leader Lixin Zeng.
Worldwide Facilities moves into life & health with Strategic Underwriting acquisition
The firm is a full service medical stop-loss focused managing general underwriter.
Duck Creek raises a further $230m as it eyes IPO
The new cash comes just months after it raised $120m in December last year.
Enstar gives StarStone US $600m boost, hires Noonan, Consolino from Validus
PE investors including Greenberg’s Aquiline Capital Partners are backing the deal.
Lockton grows retrocessional reinsurance with double hires
Recruits hail from Aon as WTW M&A prompts questions about future job security.
Allianz warns of new risks as 100m electric cars predicted by 2030
Complex supply chains and new tech will impact product liability insurance in the transition to EVs.
Ransomware and phishing attacks soar during pandemic, finds Beazley
COVID-19 drives shift in cyber attack behaviour.
HCI Group grows cat reinsurance by almost a third
Additional coverage revealed in firm's mid-year renewals.
Beazley emerges as best Lloyd’s performer, Hiscox, Munich Re tipped to improve
Meanwhile Hannover Re's Argenta and SCOR's Channel syndicates posted a disappointing performance in 2019.
Lancashire raises fresh cash as it targets rate rises and retro dislocation
The company has raised £277m through the placement of new common shares.
Bullish Fidelis has now raised $800m as it targets new lines and uplift from harder rates
The Bermuda re/insurer also cited an ILS retrenchment s offering opportunities.
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