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The Hartford buys Aetna’s $1.45bn benefits business

24 October, 2017 - 10:07
Property/casualty insurer The Hartford has entered into a definitive agreement to acquire Aetna's US group life and disability business for a cash consideration of $1.45 billion.

Ironshore names head of US claims

24 October, 2017 - 10:07
Ironshore, a part of Liberty Mutual Company, has named Kristin McMahon as head of US claims.

RSG acquires wholesale broker Oxford to expand energy practice

24 October, 2017 - 10:07
US-based Ryan Specialty Group (RSG) has reached a definitive agreement to acquire Houston, Texas-based wholesale broker Oxford Insurance Services.

Insurdata raises over $1m in seed funding

24 October, 2017 - 10:07
Insurdata, an insurtech firm which intelligently captures, enhances, scores and transfers high-resolution, peril-specific exposure and risk data, has raised over $1 million in seed financing from investors including Menlo Ventures, Anthemis Baloise Strategic Ventures and Plug and Play.

HW Wood expands London team with Aon, Marsh and Howden hires

24 October, 2017 - 10:06
Lloyd's broker HW Wood has appointed Steve Redgwell to the UK board and as head of UK retail, Elissa Davidson as head of professional lines and David Murphy as head of real estate.

Not all reinsurers are created equal

24 October, 2017 - 10:00
Flaspöhler, part of NMG Consulting, conducts an annual global study designed to illustrate reinsurers’ competitive positioning and value proposition in relation to their peers. Here, we reveal how the top reinsurers fared when brokers and insurance executives across Europe, the Middle East and Africa were surveyed.

Hannover Re prepares to grow its book as nat cat losses drive rates upwards

24 October, 2017 - 06:20
Lines of business hit by the natural catastrophe losses in the third quarter of 2017 could ultimately offer an opportunity for Hannover Re to grow its book of business, Michael Pickel, executive board member–property & casualty target markets, Hannover Re, told Baden-Baden Today.

Hiscox Re to increase capacity on back of balanced book

24 October, 2017 - 06:19
Hiscox Re’s strategy of balancing its internationally traded, catastrophe exposed big ticket insurance and reinsurance lines with low volatility retail business is built exactly for times like this—when rates are likely to harden, according to Andrew Dolphin, chair of international business at Hiscox Re.

Munich Re seeks US growth as rates rise on back of nat cats

24 October, 2017 - 06:18
Munich Re is seeking opportunities to grow in North America after losses stemming from the large nat cat events in the third quarter improve pricing, Hermann Pohlchristoph, member of the board of management at Munich Re, told Baden-Baden Today.

Volatility in Spanish bond market will hit re/insurers

24 October, 2017 - 06:17
Volatility in the Spanish bond market due to instability created by Catalonia’s independence vote is a concern for Spanish re/insurers, according to AM Best.

Alternative thinking: the historic rise of ILS

24 October, 2017 - 06:16
Aon Securities has published its annual ILS report: Alternative Capital Breaks New Boundaries. Paul Schultz, its chief executive, tells Baden-Baden Today about the key developments during what has been a record year for ILS.

Empowering reinsurance buyers on capital optimisation

24 October, 2017 - 06:15
As capital optimisation becomes ever more important to insurers, reinsurers can benefit from a new platform being developed by UnipolRe designed to empower reinsurance buyers, Simon Wigzell, the firm’s underwriting manager, explains to Baden-Baden Today.

The changing face of terrorism risk

24 October, 2017 - 06:14
Terrorism cover has changed rapidly in recent years. The nature of attacks has altered and buyers have been incorporating terrorism cover into whole account reinsurance. Here, Jessica Johnson of Barbican Insurance Group discusses trends in the market.

Expert support for catastrophe and exposure management

24 October, 2017 - 06:13
Re/insurers and brokers are realising the value of partnering with a strategic managed services provider to keep abreast of new developments in catastrophe and exposure management, as Monalisa Samal and Puneet Bajpai of Xceedance tell Baden-Baden Today.

Certain lines must push back on rates

24 October, 2017 - 06:12
The marine, energy and aviation markets have allowed themselves to slip into low single-digit return on equities, and must push back on rates to return to double digits, Adrian Poxon, executive vice president and head of global specialty reinsurance at Sompo International, told Baden-Baden Today.

Rates to return to risk-adequate levels

24 October, 2017 - 06:11
Although Munich Re issued a profit warning in September as a result of the Fall nat cat events in Mexico and the US, it is still not ready to release figures for the losses. Hermann Pohlchristoph, a member of Munich Re’s Board of Management, said in a press briefing at Baden-Baden that the company was reluctant to be the first to release such figures.

London’s calling

23 October, 2017 - 14:00
From a London base and in spite of Brexit, Mapfre Global Risks is set on a path of steady international expansion. Ignacio Baeza, vice chairman of Mapfre and chief executive of Mapfre Global Risks, explains to Intelligent Insurer the company’s goals and why London still makes sense.

Perseverance is the message: Swiss Re CEO

23 October, 2017 - 10:34
The whole P&C value chain is not earning its cost of capital, says Swiss Re CEO Christian Mumenthaler, who explains to Intelligent Insurer how, despite this, Swiss Re is well positioned to navigate the challenging environment.

RMS hires Munich Re’s Arnoldussen to target growth in Europe

23 October, 2017 - 09:51
Risk modelling and data analytics firm RMS has appointed former Munich Re executive Ludger Arnoldussen to strengthen its position in the European market, Germany in particular.

£7bn of London Market business directly impacted by Brexit

23 October, 2017 - 09:37
Overall premium income for the London company market in 2016 was £22.7 billion, a 2.9 percent increase on restated figures for 2015, a new report by the International Underwriting Association has revealed.

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