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Insurance
New US sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country, according to a July 13 Reuters report citing chairman Bruce Carnegie-Brown. 16 July 2018
Insurance
Commercial property MGA European Property Underwriting (EPUL), part of Global Risk Partners (GRP), has appointed Christopher Box to the role of senior underwriter for UK and European property owner risks. 16 July 2018
Insurance
Insurtech startup Digital Risks, a digital-only insurance broker has raised £2.25m in an investment round led by Concentric, with participation from Atami Capital, Seedcamp, London Co-Investment Fund and Beazley. 16 July 2018
Insurance
Zurich Insurance has appointed Enrico Bertagna to the new role of head of managing general agents (MGA) network for commercial insurance. 13 July 2018
Insurance
The re/insurance industry has offered a mixed reaction to the publication of the UK Government's white paper on Brexit this week, with some commentators calling it a step in the right direction but others stressing that it does not resolve the key issue of contract continuity and doubt remains as to whether UK insurers will remain licenced to pay claims in a few EU countries without an agreement in place. 13 July 2018
Insurance
Property/casualty insurer Chubb has appointed Annmarie Camp as head of its European personal risk services division, based in London. 13 July 2018
Insurance
A change in the Deutsche Rück business model in residual credit business is expected to lead to a significant reduction in gross premiums in the current financial year, said CEO Frank Schaar. 11 July 2018
Insurance
Natural disasters across the world caused significantly lower losses than usual in the first half of 2018 at around $33 billion, according to Munich Re. 11 July 2018
Insurance
Upon closing of the acquisition of the XL Group, the AXA XL-branded unit will combine the group’s P&C commercial lines and specialty risks, AXA CEO Thomas Buberl said in a blog. 11 July 2018
Insurance
Managing general agents (MGAs) have traditionally received their capacity from insurers but are now increasingly taking advantage of alternative capacity providers, MGAA chairman Charles Manchester suggested in conversation with Intelligent Insurer. 11 July 2018
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