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Insurance
Kinetic Insurance Brokers has made a series of board appointments following its acquisition by the Torlea Group. 24 October 2016
Insurance
Mutual insurance association The Standard Club has partnered with Hydor, an Oslo-based managing general agent (MGA), to create an MGA joint venture that will provide marine and energy cover across Nordic markets. 24 October 2016
Insurance
Aegon, Allianz, Munich Re, Swiss Re and Zurich have launched the blockchain Insurance Industry Initiative B3i, which aims to test the distributed ledger technology’s viability to executive digital contracts and transactions in a secure, transparent and auditable way. 24 October 2016
Insurance
Willis Re has partnered with data analytics provider SpatialKey to release a new application that tracks European windstorms as they happen, accessing forecast data and event footprints to understand their exposure and manage potential claims costs. 24 October 2016
Insurance
Catastrophe insurance data provider PERILS has updated its ‘Wind-Jeannie’ website, which provides live forecasts of insurance industry losses from European windstorms, with more up-to-date loss forecasts based on recent windstorm events. 24 October 2016
Insurance
The unrelenting pressures on many insurers, especially those listed on a stock exchange, to secure growth are far less pronounced for charity-owned insurer Ecclesiastical compared with some of its UK peers, Mark O’Riordan, head of group reinsurance at the insurer, told Baden-Baden Today. 23 October 2016
Insurance
While a lack of severe or market-changing losses as a result of some of the recent hurricanes including Hurricane Matthew will be a relief to many of the reinsurers attending Baden-Baden this week, this cannot mask the more fundamental challenges they face, Clive O’Connell, partner, head of insurance and reinsurance at law firm McCarthy Denning, told Baden-Baden Today. 23 October 2016
Insurance
As the only reinsurer in Azerbaijan, AzRe is instrumental in many of the risk transfer mechanisms in its domestic market, but it is also diversifying into new markets as Fuad Kuliyev, chairman of the management board of AzRe, explains to Baden-Baden Today. 23 October 2016
Insurance
The run-off market is growing rapidly and the landscape is becoming more sophisticated and nuanced as different companies discover the appeal, Arndt Gossmann, chief executive officer of specialty run-off insurer DARAG tells Baden-Baden Today. 23 October 2016
Insurance
It is targeting a top 10 reinsurance spot on a global basis but GIC Re understands that, especially in continental Europe, reinsurance is a long-term relationship-driven game. Lucky then that the Indian company is itself a long-haul player and will be patiently awaiting any opportunities, says Alice Vaidyan, chairman-cum-managing director of GIC Re. 23 October 2016
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