Intelligent Insurer News

Talbot Underwriting, a subsidiary of American International Group (previously Validus Holdings), is closing its Australian office and Lloyd’s China division, in a move the company hopes will bring "enhanced value" to its partners in the region.

Norwich-based insurance provider for the sharing economy Pikl has raised £2.5 million seed/pre-series A funding from Sir Peter Wood, the founder of Direct Line and Esure.

Bermuda-based re/insurer Everest Re Group has appointed Stone Point Capital founding partner Meryl Hartzband to its board of directors.

Specialist insurer Markel International has appointed Rajesh Sinha as head of personal accident, contingency and entertainment (PACE) in Asia.

Specialty insurer Beazley has appointed Sally Lake to replace Martin Bride as the group finance director.

Climate change risks are a key focus for the insurance sector but its “slow-burner” effect on public health and how that will impact insurers has been flagged up as one to watch in the 2019 SONAR report from the Swiss Re Institute.

The Prime Minister of the UK, Theresa May, has announced that she will resign her position as leader of the Conservative Party in June and then step down as PM after her replacement is found.

Italian insurance group Generali has entered into an agreement for the sale of the life run-off portfolio of its UK branch with a subsidiary of Reinsurance Group of America (RGA).

Bermuda-based specialty re/insurer Lancashire Holdings is seeking a new group chief financial officer following the departure of Elaine Whelan next year.

Re/insurance broker Lockton has hired senior Gallagher and Willis executives as it it looks to grow its presence across the North of England and Midlands.

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has appointed Katie McGrath as head of accident & health North America, succeeding Mike Kemp who announced his retirement earlier this year.

US-based global broker AmWINS Group and parent of THB Group, a specialist insurance and reinsurance broker, has appointed Matt Edwards as lead underwriter, property specialty in its London-based MGA Unicorn Underwriting.

The European insurance sector will continue to consolidate in 2019, with varying credit impacts, according to the latest Moody's Investors Service report.

Liberty Mutual Re, the reinsurance arm of Liberty Specialty Markets (LSM), is launching a new operation under Lloyd’s registration in Mexico to serve clients in the Mexican market and Central America.

French reinsurer SCOR’s portfolio management company is acquiring 100 percent of the capital of insurance-linked securities (ILS) fund manager Coriolis Capital, in a move aimed at expanding its capacity on the ILS market, reaching an aggregate sum of $2.1 billion of assets under management (AUM) and operating in both Paris and London.

Ariel Re, a subsidiary of Bermuda-based Argo Group, has appointed Sean Kelly to the newly-created role of senior vice president, specialty underwriter, credit and financial products.

Specialty insurance company ProAssurance Corporation has appointed Edward Rand, Jr., the company’s president and chief operating officer, to succeed Stancil Starnes as chief executive officer from July 1, 2019.

Cyber insurance could make leaps and bounds in Europe if policymakers gave insurers access to anonymised cyber-attack data, industry body Insurance Europe (IE) has said.

Frédéric de Courtois, general manager of Generali Group, has been elected vice president of Insurance Europe, the European insurance and reinsurance federation, for a three-year term.

Recent catastrophes have revealed that some nat cat models might not be as up to date as they could be. Intelligent Insurer reports.