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Swiss Re pegs $2.5bn COVID-19 hit and $1.1bn loss in H1 2020

Intelligent Insurer News - 23 July, 2020 - 10:21
Around $1.5 billion of its first half losses impact property & casualty reinsurance.

Allianz appoints Maxwell as global head of €800 AGCS ART unit

Intelligent Insurer News - 23 July, 2020 - 09:57
AGCS’ ART line of business provides structured re/insurance solutions including fronting solutions.

Chubb restructures North America A&H business in growth push

Intelligent Insurer News - 23 July, 2020 - 09:29
Chubb says the new structure will provide its distribution partners and clients with greater resources and better access to products and services.

Insurtech Branch secures investment from HSCM and SCOR for expansion

Intelligent Insurer News - 23 July, 2020 - 09:10
Technology-driven Branch has secured $24 million Series A funding to spearhead a strategic expansion plan.

Senior RT Specialty leader Smith to depart RSG at year end

Intelligent Insurer News - 23 July, 2020 - 09:09
He joined RT in 2013 after his company SH Smith & Company was acquired by Ryan Specialty Group.

Arch appoints senior vice president of ceded reinsurance

Intelligent Insurer News - 23 July, 2020 - 09:09
The insurer seeks to further develop a robust reinsurance platform to support growth.

Part VII Transfer Update

Lloyd's News and Features - 22 July, 2020 - 16:32
The scheme effective date for the transfer of EEA policyholder business from Lloyd’s to LIC has been extended.

QBE braces for $750m H1 loss as COVID-19 takes toll on multiple lines

Intelligent Insurer News - 22 July, 2020 - 15:02
The re/insurer says multiple lines of business have been 'adversely impacted' by pandemic related losses.

AXA expands into device insurance market through new partnership

Intelligent Insurer News - 22 July, 2020 - 14:38
The long-term deal is aimed at expanding its presence in the mobile and gadget insurance market.

Chubb shakes up North America financial lines leadership

Intelligent Insurer News - 22 July, 2020 - 14:29
The P&C insurer has filled key financial lines and excess & surplus lines positions internally.

Verisk unveils new probabilistic ransomware model for systemic events

Intelligent Insurer News - 22 July, 2020 - 14:14
The probabilistic ransomware model covers systemic ransomware events such as WannaCry 2017 and NotPetya 2017.

Insurtech Hippo attracts new funding at $1.5bn valuation

Intelligent Insurer News - 22 July, 2020 - 11:18
The insurtech has committed to an 'aggressive hiring plan' with an aim to transform the home insurance market.

Profits at WR Berkley plummet 67% in Q2 after high COVID-19 losses

Intelligent Insurer News - 22 July, 2020 - 10:59
The company incurred $85m COVID-19 related losses, $20m from civil unrest and $40m attributable to severe weather-related events.

Unipol places €100m ILS covering European quake in Ireland

Intelligent Insurer News - 22 July, 2020 - 10:45
It is the first multiple-arrangement SPA authorised by the Central Bank of Ireland for cat bond transactions.

Brit hires Marsh JLT digital strategy head for new Lloyd’s syndicate Ki

Intelligent Insurer News - 22 July, 2020 - 10:10
The executive will play a critical role in the management of Ki as it progresses towards launch in 2021.

The Hilb Group acquires P&C insurer E&L

Intelligent Insurer News - 22 July, 2020 - 10:10
E&L is a full–service agency primarily providing property and casualty insurance for personal lines.

Chubb appoints new financial lines leader for international business

Intelligent Insurer News - 22 July, 2020 - 10:09
He will oversee Chubb's general insurance strategy, development, underwriting operations, and profit and loss performance.

Convex hires co-head of political risks and credit from Chubb

Intelligent Insurer News - 21 July, 2020 - 15:14
Chubb's former European head of political risks and credit will join ex-Catlin Navaid Farooq in the role.

AIG plans to optimise NYC footprint to prepare for post-COVID-19 era

Intelligent Insurer News - 21 July, 2020 - 15:09
The company seeks to incorporate key learnings that have emerged while working remotely due to COVID-19.

Berkshire's BHSI expands UK presence

Intelligent Insurer News - 21 July, 2020 - 14:36
The insurer's new office will provide property, casualty and executive & professional lines, as well as additional coverages in the UK.

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