Articles

Insurance

Lloyd’s syndicates partner with Lab’s insurtech Parsyl for marine cargo

Lloyd’s and six market syndicates will begin using Parsyl, a supply chain data startup, to better manage risk for temperature sensitive classes of business.   17 December 2018

Insurance

Swiss Re appoints ReAssure CEO pre-IPO

Swiss Re has appointed Mark Hodges as new CEO of ReAssure as part of the preparation towards a potential initial public offering (IPO) of the business.   17 December 2018

Insurance

Zurich sells $2bn portfolio to Catalina

Zurich Insurance Group has agreed to sell its pre-2007 UK legacy employers’ liability policies portfolio to Bermuda-based specialist acquirer of legacy insurance portfolios Catalina Holdings.   17 December 2018

Insurance

Europe insurance stress test shows ‘high’ nat cat resilience: EIOPA

European insurers showed “high resilience” to a series of natural catastrophes where European countries are hit in a quick succession of four windstorms, two floods, and two earthquakes, according to the European Insurance and Occupational Pensions Authority (EIOPA).   17 December 2018

Insurance

GRP promotes Bruce to group MD

Broking firm Global Risk Partners (GRP) has appointed Mike Bruce to the newly created role of group managing director.   17 December 2018

Insurance

Brit creates ransom offering

Fairfax-owned specialty insurer Brit has partnered with crisis law firm Schillings Critical Risk to create a comprehensive kidnap for ransom offering.   14 December 2018

Insurance

Fires, explosions cause largest commercial claims: AGCS

Fire and explosion incidents cause the largest claims for insurers and the businesses they cover, according to new research from Allianz Global Corporate & Specialty (AGCS).   13 December 2018

Insurance

Liberty gains licence for new Luxembourg Brexit unit

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has secured a licence for its European insurance company Liberty Mutual Insurance Europe SE (LMIE) to operate from Luxembourg.   12 December 2018

Insurance

PE firm creates €10m insurtech fund for Europe investments

Private equity firm Odysseus Alternative Ventures (OAV) has partnered with the APICIL Group, a French social protection provider, to create Insurtech Capital I. with a commitment of €10m.   12 December 2018

Insurance

SCOR strikes £1.2bn PIC longevity deal

French reinsurer SCOR has completed a £1.2 billion longevity reinsurance deal with Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension funds.   11 December 2018

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