Articles
Insurance
Hive Aero, a new managing general agency (MGA) specialising in aviation hull war insurance has launched, with an initial stamp capacity of $50 million. 24 April 2018
Insurance
Munich Re expects its profit in the first quarter of 2018 to exceed €800 million due to “randomly low incidence” in major losses, up from €557 million in the same period a year ago. 24 April 2018
Insurance
Lloyd’s of London has started hiring staff for its Brussels subsidiary which will involve positions in finance, operations, compliance, HR, and underwriting. 24 April 2018
Insurance
The most significant factor preventing companies to purchase cyber insurance is that firms do not understand their own risk exposures, according to a new study of the UK cyber risk insurance and broker community. 24 April 2018
Insurance
Bermuda re/insurer Sompo International has secured regulatory approvals from the Ministry of Finance of Luxembourg to establish a new subsidiary in the country – a move it made to deal with the UK leaving the European Union. 23 April 2018
Insurance
Munich Re has tested and insured the fraud prevention solution of German and Israeli start-up Fraugster, which uses artificial intelligence (AI) technology to detects payment frauds and improve the security of online sales. 23 April 2018
Insurance
Sedgwick, a provider of technology-enabled business solutions in the risk and benefits services space, has appointed Malcolm Hughes as chief executive officer of its operations in Ireland. 23 April 2018
Insurance
The largest professional agricultural association in Spain will offer parametric insurance for a second year in a row through Lloyd’s coverholder Meteo Protect. The protection is designed to protect its 22,000 olive farmers from the financial consequences of extreme temperatures on their olive fields. 23 April 2018
Insurance
American International Group (AIG) is creating two new insurance companies, one in the UK and one in Luxembourg and is splitting the European business among them ahead of the UK leaving the EU. 19 April 2018
Insurance
Italian insurer Generali is selling its entire stake in its Belgium-based subsidiary, primarily focused on the life segment, for a cash consideration of €540 million. 19 April 2018
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