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Updated: 1 hour 32 min ago

Ed expands professional, executive risk business into Jersey

29 May, 2018 - 09:26
Reinsurance, wholesale and specialty broker Ed has received a license to carry out general insurance mediation business by the Jersey Financial Services Commission.

Concerns about pricing, reserves, interest rates weigh on P&C sector

29 May, 2018 - 09:26
Concerns over pricing, reserves, and interest rate weigh on investor sentiment in the property/casualty re/insurance sector, according to Morgan Stanley.

QBE sets up EU unit in Belgium

29 May, 2018 - 09:26
Australia-based QBE has been granted a license for a new Belgian subsidiary, QBE Europe to enable the company to maintain continued passporting rights across the European Economic Area (EEA) after the UK leaves the EU.

Brit grows professional liability unit with Hiscox, Hartford hires

29 May, 2018 - 09:26
Specialty re/insurer Brit has hired Hiscox and The Hartford executives to bolster its Brit Global Specialty USA (BGSU) professional liability team.

Subtropical Storm Alberto makes landfall in Florida

29 May, 2018 - 09:25
Subtropical Storm Alberto made landfall near Laguna Beach in the Florida Panhandle on May 28 afternoon before crawling inland, according to media reports.

Swiss Re, SoftBank end investment negotiations

28 May, 2018 - 10:17
Swiss Re and SoftBank Group have agreed to end discussions about a potential minority investment of SoftBank in Swiss Re.

Insurtech to lift Lloyd’s commercial lines to next level

25 May, 2018 - 12:29
Insurtech firms have been transforming the personal lines business by delivering new applications and products for clients. But now it’s time for new technology to upgrade the commercial side of the insurance business, as Trevor Maynard, Lloyd’s head of Innovation, commercial, suggested to Intelligent Insurer.

First blockchain platform for marine insurance launches

25 May, 2018 - 12:03
Insurwave, a blockchain platform to support marine hull insurance is now being used by members of the marine industry.

London woos insurtechs, brushes off Brexit worries

25 May, 2018 - 11:56
The UK government is keen to attract insurtech firms to London and create an environment where they can thrive as part of its plan to keep the city a global insurance hub.

JLT Re hires SVP for property treaty from Odyssey Re

25 May, 2018 - 11:50
JLT Re has appointed Alain Bizet as senior vice president (SVP) in Miami to join the broker’s property treaty team.

AI-powered Insightin Health launches, raises $2m in funding

25 May, 2018 - 10:34
US-based Insightin Health, a digital health company that provides an artificial intelligence-driven (AI-driven) customer relationship management system for health plans, announced the launch of its platform and the closing of a $2 million seed stage financing round.

PartnerRe posts $120m Q1 loss driven by investments

25 May, 2018 - 10:23
Bermuda-based PartnerRe posted a first-quarter 2018 net loss attributable to common shareholder of $120 million after a net income of $38 million for the same period of 2017

‘Permanently’ impaired reinsurance model drives consolidation

25 May, 2018 - 09:58
The inability of the reinsurance sector to materially raise rates after 2017's major catastrophe losses shows that the traditional catastrophe reinsurance business model is "permanently" impaired, which, along with other factors, should drive sustained consolidation, according to KBW analysts.

Mid-year renewal cat rates trail 1/1 prices

25 May, 2018 - 09:09
Mid-year catastrophe reinsurance renewal rate increases are lagging January 1 hikes, notwithstanding mid-year's higher prevalence of loss-impacted accounts and hurricane Irma's continuing modest loss "creep," according to KBW.

MS Amlin appoints chief operating officer amid business repositioning

24 May, 2018 - 16:02
Global re/insurer MS Amlin has appointed a new chief operating officer (COO) and chief people officer as new CEO Simon Beale repositions the business for the long term.

Hannover Re unit placed ‘under review with negative implications’ by AM Best

24 May, 2018 - 15:26
AM Best has placed under review with negative implications the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa” of International Insurance Company of Hannover SE (Inter Hannover) (Germany), a wholly owned subsidiary of Hannover Re.

TigerRisk launches Panthera Re to facilitate ILS deals

24 May, 2018 - 15:11
TigerRisk Capital Markets & Advisory (TCMA), the insurance-focused investment banking subsidiary of TigerRisk Partners has created Panthera Re to facilitate access to third-party capital investors for insurance and reinsurance clients.

AIG appoints China CEO from Mercer

24 May, 2018 - 14:39
American International Group (AIG) has appointed Lisa Sun as CEO of AIG Insurance Company China.

Former Zurich execs launch online broker

24 May, 2018 - 14:14
Former Zurich head of financial lines Markus Haefeli and former Zurich head of financial institutions financial lines, Peter Schroeder, have launched Haefeli & Schroeder, an insurance broker specialising in financial lines.

Canopius appoints reinsurance Europe head from Emirates Re

24 May, 2018 - 11:23
Specialty re/insurer Canopius has appointed Stephan Ott as its new head for Continental Europe, reinsurance.

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