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DUAL, Howden and RKH all contribute to solid growth at Hyperion

Intelligent Insurer News - 10 January, 2019 - 12:56
Hyperion Insurance Group, which owns MGA DUAL, retail broker Howden and specialty broker RKH, has reaped the rewards of strategic expansion plans plus solid organic growth to increase its revenues by 16 percent for the 12 months ending September 30, 2018.

Brightside launches new MGA Kitsune backed by R&Q

Intelligent Insurer News - 10 January, 2019 - 12:00
UK broker Brightside Group has launched a new manging general agent (MGA) to write motor insurance backed by capacity provided by Randall and Quilter Investment Holdings.

Europe’s Reinsurance Advisory Board makes case for internal models

Intelligent Insurer News - 10 January, 2019 - 10:56
A group of Europe’s largest reinsurers, the Insurance Europe Reinsurance Advisory Board (RAB), has published an overview of the benefits of insurers’ use of internal models, essentially making the case for their use.

ILS woes could trigger hardening in retro markets

Intelligent Insurer News - 10 January, 2019 - 10:55
A combination of losses in 2018, capital still trapped in relation to 2017 events and a lack of new capacity entering the market, will likely lead to a hardening of the pricing of ILS deals and higher prices in the retro market in 2019.

MS Amlin expands P&I capacity for 2019

Intelligent Insurer News - 10 January, 2019 - 10:21
Specialty re/insurer MS Amlin has increased its protection and indemnity (P&I) capacity for 2019.

Willis Towers Watson names new head of Australasia

Intelligent Insurer News - 10 January, 2019 - 10:20
Broker Willis Towers Watson has appointed Simon Weaver as new head of Australasia, replacing Andrew Boal who has resigned after 27 years at the company.

AXA XL partners with AI specialist Expert System on property risk engineering risks

Intelligent Insurer News - 10 January, 2019 - 10:15
AXA XL Risk Consulting has partnered with Expert System, a specialist in the use of artificial intelligence (AI), to help its underwriters make better decisions to when assessing property risk engineering risks.

Aon partners with SBC InsurTech on commercial and speciality lines

Intelligent Insurer News - 10 January, 2019 - 10:10
Re/insurance broker Aon has partnered with SBC InsurTech, a company focused on innovation programmes for the insurance industry, help its clients make better decisions around how they might partner with and invest in insurtech start-ups.

AmTrust plots new growth strategy, appoints leaders post go-private deal

Intelligent Insurer News - 9 January, 2019 - 16:04
Property/casualty insurer AmTrust has unveiled its strategic plan for the newly private company, while appointing a new leadership team following the departure of certain key executives.

Marsh outlines $5bn senior notes offering plan for JLT deal

Intelligent Insurer News - 9 January, 2019 - 16:04
Marsh & McLennan Companies (MMC) has outlined pricing plans to issue $5 billion of senior debt across six different bonds used to fund its acquisition of JLT Group.

MetLife reveals new CEO succeeding Kandarian

Intelligent Insurer News - 9 January, 2019 - 16:04
Insurer MetLife has appointed Michel Khalaf to succeed Steven Kandarian as its president and chief executive officer (CEO) on May 1, 2019.

As 2018 losses again exceed historical average, Munich Re questions models

Intelligent Insurer News - 9 January, 2019 - 11:25
Losses for insurers stemming from natural catastrophes were substantially higher than the long-term average in 2018 with an eventful second half of the year contributing to a high overall loss figure of $160 billion, half of which was insured, according to a report by Munich Re.

Everest Re launches search for new CEO to replace Addesso

Intelligent Insurer News - 9 January, 2019 - 11:23
Everest Re is seeking a new chief executive following the announcement that its current head, Dominic Addesso, will retire at the end of 2019.

Liberty Mutual strikes new $150m Limestone Re deal despite ‘challenging conditions’

Intelligent Insurer News - 9 January, 2019 - 11:22
US insurer Liberty Mutual has secured $150 million of collateralised reinsurance capacity through its Bermuda domiciled segregated account company Limestone Re.

Argo renews sidecar Harambee Re for 2019

Intelligent Insurer News - 9 January, 2019 - 11:21
Specialty re/insurance underwriter Argo Group International Holdings has renewed Harambee Re as its sidecar reinsurer for 2019.

Argo unveils Bermuda, international casualty leadership changes

Intelligent Insurer News - 9 January, 2019 - 11:21
Bermuda specialty re/insurer Argo Group International Holdings has appointed Bill Wharton to head Argo Insurance Bermuda, and Nigel Mortimer to lead its international casualty business.

AXIS hires new chief analytics officer from Allstate

Intelligent Insurer News - 9 January, 2019 - 11:18
Bermuda-based AXIS Capital has hired Govind Balu as chief analytics officer to lead a range of initiatives including the implementation of machine learning and artificial intelligence across the organisation.

Verisk launches new technology for travel underwriters

Intelligent Insurer News - 9 January, 2019 - 11:18
Verisk, a data analytics provider, has launched Black Box 3 (BB3), a new solution available in parts of Canada, Europe, Australasia, and Asia, that helps insurers underwrite risks posed by travellers with pre-existing medical conditions.

Tasker hires CFO from Marsh unit Jelf

Intelligent Insurer News - 9 January, 2019 - 11:17
Tasker Insurance Group has appointed Jonathan Webber as chief financial officer. He joins from Jelf, part of the Marsh UK Group, where he was finance director.

Liberty Mutual Re hires Hannover Re exec to spearhead underwriting strategy

Intelligent Insurer News - 8 January, 2019 - 11:02
Liberty Mutual Re, part of Liberty Mutual Insurance Group, has appointed Uwe Haug as head of underwriting strategy and business development for its global financial risks reinsurance business.

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