Intelligent Insurer News

Some regional airlines can expect the cost of compensation claims caused by new regulations to double year-on-year, according to Gallagher, the insurance and risk management company.

The International General Insurance Holdings Company (IGI) has confirmed a deal with Tiberius Acquisitions Corporation, a publicly traded special purpose acquisition company, that will result in the public listing of IGI on the Nasdaq Capital Market under the symbol ‘IGIC’.

Senior executives John Zern, CEO of health solutions and North America, commercial risk, and Cary Grace, CEO of retirement solutions and head of M&A integration, are leaving re/insurance broker Aon to pursue new opportunities.

Bermuda-based AXIS Capital Holdings has unveiled a preliminary pre-tax loss estimate for Hurricane Dorian, Japanese typhoons and other weather-related events in the range of $150 million to $175 million, net of reinsurance and retrocessional recoveries.

Trident Marine Managers, a managing general underwriter for the specialty marine and offshore energy industries and a part of Ryan Specialty Group (RSG), has establishes a new office in Lodi, California, and appointed Jeana Ramos as director of underwriting.

HDI Global Specialty SE, a joint venture of Hannover Re and HDI Global SE, has appointed Simon Hunt as director of finance and operations.

Brokerslink, a global network of independent brokers, has established a new regional team to help drive growth and opportunities for its partners and affiliates in Africa.

Thames Underwriting, a niche construction and commercial lines MGA, has established a new office in London with the appointment of four senior underwriters from Munich Re, MS Amlin, Pen Underwriting and Coast Underwriting.

Few disagree that John Neal, the chief executive of Lloyd’s for a year, has done much to move the market in the right direction. But the sheer scale and complexity of his task raises questions of whether the overall war can be won. Intelligent Insurer gauged the views of the market around the future of Lloyd’s.

Gross written premiums (GPWs) in the London company market rose more than 8 percent to £28.4 billion in 2018, helped by improved market conditions, said the International Underwriting Association (IUA).

Insurance broker and risk adviser Marsh has appointed Bryce Check as business relationship director and Anna Whitfield as a client service director in the UK Real Estate Practice.

Reinsurers Deutsche Rückversicherung Group (Deutsche Ruck) and VöV Rückversicherung KöR (Vov Ruck) have made a commitment to sustainable investing and certain other principles by signing up for the Principles for Responsible Investment (PRI).

The World Federation of Exchanges (WFE) has reelected Bermuda Stock Exchange (BSX) president and CEO Greg Wojciechowski to serve a second term as the representative of the Americas region.

The International Forum of Terrorism Risk Reinsurance and Insurance Pools (IFTRIP) and the insurance industry think tank Geneva Association (GA) are launching a joint task force on cyber terrorism and cyber warfare.

England's World Cup rugby match against France, scheduled for Saturday, has been cancelled due to super typhoon Hagibis in Japan.

UK-based insurtech start-up Cuvva has appointed Lloyd's of London chaiman Bruce Carnegie-Brown to chair its board, succeeding Nick Parker.

Munich Reinsurance America, a subsidiary of Munich Re, has appointed Anita Kuchma as chief operations officer (COO) of its reinsurance division.

Specialty insurance group Tokio Marine HCC has appointed Sharon Brock and Tom Weist as co-chief financial officers, replacing Brad Irick who has been named the next group chief executive officer of Tokio Marine Kiln (TMK).

American International Group (AIG) has appointed John Panagakis as chief executive officer (CEO) of its fixed income investment manager, First Principles Capital Management (FPCM).

San Francisco-based new life insurer Ethos, which uses predictive analytics and data technology to eliminate traditional barriers to life insurance, has expanded its executive team with the hiring of Old Mutual's Brett Wilson as the company’s first vice president of risk & actuarial.