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Hiscox hires chief financial officer in the US

Intelligent Insurer News - 13 February, 2018 - 15:44
Specialist insurer Hiscox has appointed David McLaughlin as chief financial officer in the US, reporting to chief executive Ben Walter.

Swiss Re partners with insurtech SpatialKey

Intelligent Insurer News - 13 February, 2018 - 15:42
Swiss Re has partnered with Denver-based geospatial insurance technology company SpatialKey to offer P&C insurers multiperil hazard data through SpatialKey’s proprietary underwriting solution.

Munich Re applies AI to enhance knowledge management

Intelligent Insurer News - 13 February, 2018 - 15:40
Munich Re is working with Starmind to transform Munich Re's knowledge management, leveraging internal knowledge and expertise as key competitive advantages, according to a Feb. 12 press release.

PartnerRe deal to address 'huge' potential of precision farming

Intelligent Insurer News - 13 February, 2018 - 12:33
Bermuda-based PartnerRe is teaming up with Farmers Edge to customise insurance products to target growth of precision farming.

Prudential Financial acquires 13% of Peak Re

Intelligent Insurer News - 13 February, 2018 - 10:26
US-based Prudential Financial (PFI) is acquiring a 13.1 percent stake in Hong Kong-based Peak Reinsurance Company via a wholly-owned subsidiary through an issuance of new shares.

Nexus strikes first of three M&A deals planned for 2018

Intelligent Insurer News - 13 February, 2018 - 10:25
Nexus Group has acquired Lloyd's coverholder and a specialist directors & officers and financial institutions (DOFI) MGA Apsley Specialty.

Underwriting profitability boosts Arch Q4 results

Intelligent Insurer News - 13 February, 2018 - 10:24
Bermuda-based Arch has improved its financial performance in the fourth quarter of 2017 as underwriting profitability improved.

Innovation may boost insurance revenues by $375bn

Intelligent Insurer News - 13 February, 2018 - 10:22
Insurance carriers globally could seize $375 billion in new revenue in the next five years by transforming and revitalizing their businesses, according to a new report from consultancy firm Accenture.

Ryan Specialty snaps up Lodestar Marine

Intelligent Insurer News - 13 February, 2018 - 10:20
Ryan Specialty Group (RSG) has reached a definitive agreement to acquire Lodestar Marine, a managing general agent (MGA) in the protection and indemnity (P&I) fixed premium marine market.

Florida insured losses from hurricane Irma reach $8bn

Intelligent Insurer News - 13 February, 2018 - 10:18
Total insured losses caused by hurricane Irma in Florida are estimated at $7.95 billion, according to latest information published by the Florida Office of Insurance Regulation.

Liberty unveils new e-trading credit platform

Intelligent Insurer News - 13 February, 2018 - 10:16
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, is launching a platform for transacting specialised trade credit insurance for banks, corporates and commodity traders, according to a Feb. 12 press release.

Everest taps senior excess casualty exec from rival Aspen

Intelligent Insurer News - 13 February, 2018 - 10:14
Everest Insurance has hired Jeff Mickletz as director and senior underwriter within the excess casualty division of Everest Specialty Casualty.

Cyclone Burglind (Eleanor) costs insurers €643m

Intelligent Insurer News - 13 February, 2018 - 10:12
Extratropical cyclone “Burglind”, also known as “Eleanor” caused insurers property losses of €643 million, according to estimates by insurance data provider PERILS.

ArgoGlobal, Barbican lead first Lloyd's motor treaty consortium

Intelligent Insurer News - 12 February, 2018 - 15:54
ArgoGlobal has led the first Lloyd’s market consortium for motor treaty business, according to a Feb. 12 press release.

XL Catlin appoints China CEO from Guy Carpenter

Intelligent Insurer News - 12 February, 2018 - 15:54
Re/insurer XL Catlin has appointed Phil Xue as chief executive officer of XL Insurance China.

Chinese firm bids for Greece’s Ethniki Hellenic General Insurance

Intelligent Insurer News - 12 February, 2018 - 15:54
Rongfeng Holding Group and a related party plan to acquire a majority stake in National Bank Of Greece's insurance unit Ethniki Hellenic General Insurance, according to a Reuters Feb. 12 report.

Cunningham Lindsey taps Crawford exec as Sweden CEO

Intelligent Insurer News - 12 February, 2018 - 15:54
Claims management firm Cunningham Lindsey has appointed Claes Frick as chief executive officer for Sweden.

SoftBank deal to bolsten Swiss Re’s competitive advantage

Intelligent Insurer News - 12 February, 2018 - 10:35
Softbank’s communication and technology expertise and network of hi-tech investments would give Swiss Re a competitive advantage as the re/insurance sector adapts to transformational technologies that will over time test its business model, according to Moody’s.

M&A activity in re/insurance on the rise

Intelligent Insurer News - 12 February, 2018 - 09:29
The combination of continued competitive pressures, the effects of US tax reform and catastrophe losses in 2017 is leading to speculation of more mergers and acquisitions (M&A) among re/insurers in 2018, especially in the Bermuda market, says Fitch Ratings.

Berkshire Hathaway gets Dubai license; taps AIG/AXA execs

Intelligent Insurer News - 12 February, 2018 - 09:27
Berkshire Hathaway Specialty Insurance Company (BHSI) has opened a new office in the Dubai International Financial Centre (DIFC), while naming Alessandro Cerase as its senior executive officer (SEO) and Neeraj Yadvendu as deputy SEO and head of third party lines for the Middle East.

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