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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.

GE seeking to shed troubled insurance business: Reuters

24 May, 2018 - 10:58
General Electric (GE) is working with investment bankers to find ways to shed its insurance business, Reuters reported on May 22 citing “people familiar with the matter”.

AIG EMEA 2017 cyber claims as high as 4 previous years combined

24 May, 2018 - 10:58
Amercian International Group (AIG) EMEA saw cyber claims go up significantly in 2017, reaching a total as high as in the previous four years combined, driven by ransomware attacks and cyber business interruption.

Assured Guaranty files lawsuit against Puerto Rico

24 May, 2018 - 10:58
Bermuda-based financial guaranty insurance provider Assured Guaranty filed an adversary complaint against the Commonwealth of Puerto Rico, the financial oversight and management board for Puerto Rico (Oversight Board), Puerto Rico governor Ricardo Rosselló Nevares and others.

QBE expands inland marine with new product in North America

24 May, 2018 - 10:53
Specialist insurer QBE North America has launched a policy offering coverages for construction projects as part of its inland marine product expansion.

Farmers appoints new personal lines president

24 May, 2018 - 10:29
Farmers Group has appointed current chief claims officer Keith Daly as the new president of personal lines effective June 11.

UNIQA CEO named Insurance Europe president

24 May, 2018 - 09:28
The CEO and chairman of Austria’s UNIQA Insurance Group, Andreas Brandstetter, has been elected president of the European insurance and reinsurance federation (Insurance Europe) for a term of three years.

AXA partners with Uber for driver protection

23 May, 2018 - 16:36
French insurer AXA and car-hailing app Uber have partnered to offer benefits to all Uber’s independent partner drivers and couriers in Europe.

AmTrust worth more than double the offer price, says Icahn

23 May, 2018 - 16:11
Taking into consideration a Deutsche Bank valuation of AmTrust Financial Services, the insurer’s shares should be worth between $26.06 and $31.86, and not the $13.50 that is being offered to take the company private, billionaire investor Carl Icahn argued in a May 23 presentation.

Nexus unit secures Lloyd’s coverholder status

23 May, 2018 - 14:30
Millstream Underwriting, part of specialty managing general agent Nexus Group has become an approved Lloyd’s coverholder.

GDPR to test cyber policies

23 May, 2018 - 14:12
The insurance sector has been hoping that the European Union’s General Data Protection Regulation (GDPR) would boost the demand for cyber insurance as the cover has largely been sold as protection against data breaches. But how the market will be affected will depend on the severity of the enforcement actions taken by the EU and UK supervisory authorities, says Alex Jomaa, cyber underwriter at Tokio Marine Kiln.

Amtrust launches attempt to win over investors in go-private deal

23 May, 2018 - 11:31
AmTrust Financial Services is trying to persuade investors opposing the deal to take the insurer private in a May 22 presentation, stressing the attractive offer price for the shares which if accepted frees shareholders from significant risks reflected in the share price performance.

Lloyd’s Brussels unit gets regulatory approval with Vandendael as CEO

23 May, 2018 - 11:31
Specialist re/insurance market Lloyd’s of London has received licence approval from the National Bank of Belgium for its EU subsidiary Lloyd’s Insurance Company.

Corporate insurance faces ‘radical’ change

23 May, 2018 - 11:31
Automation (robotisation) and connectivity are fundamentally reshaping how manufacturing and service industries work – which will in turn radically change the risks they face and the way they buy risk coverage, according to a new report titled “The underwriter of the future – Six years on” by Oliver Wyman and the Chartered Insurance Institute.

IUA forms new cyber reinsurance group

23 May, 2018 - 11:31
The International Underwriting Association (IUA) has established a new cyber group dedicated specifically to consider the concerns of reinsurers.

Insurtech investment jumps 155% YOY in Q1

23 May, 2018 - 10:47
Insurtech investment volume jumped 155 percent year on year to $724 million in the first quarter of 2018, according to research by Willis Towers Watson.

Neon appoints group underwriting director from Ascot

23 May, 2018 - 10:23
Lloyd’s specialist insurer Neon has hired Theo Butt for the newly created role of group underwriting director.


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