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Insurance
The rapid growth of cyber threats has created challenges for the insurance industry in developing underwriting talent, acquiring claims data, establishing modelling techniques and securing reinsurance capacity, according to the International Underwriting Association of London (IUA). 31 January 2018
Insurance
Regulation will be the main test for UK insurers in 2018, according to S&P Global Ratings. 30 January 2018
Insurance
Reinsurance, wholesale and specialty broker Ed has hired Henry Warner from SafeOnline to further develop its cyber book. 30 January 2018
Insurance
Bermuda-based Enstar Group, through its Lloyd’s managing agency StarStone Underwriting, has finalised a reinsurance-to-close transaction with AXIS Managing Agency for Novae's £840 million legacy business portfolio, according to a Jan. 29 press release. 29 January 2018
Insurance
The new international accounting standard for insurance contracts from 2021, IFRS 17, could temporarily increase the cost of capital for European insurers, Fitch Ratings said in a Jan. 26 note. 29 January 2018
Alternative Risk Transfer
After a long gestation the Risk Transformation Regulations (2017), passed in November, clear the way for a London-based ILS hub, say Philipp Kusche and Michael Wade of TigerRisk Capital Markets & Advisory. 29 January 2018
Insurance
Aspen Insurance's chief executive officer Stephen Postlewhite is leaving the business with immediate effect, according to a Jan. 26 press release. 29 January 2018
Insurance
Lloyd's underwriting syndicate Probitas 1492 has opened a regional office in Mexico City to serve the Latin American markets. 29 January 2018
Insurance
Blockchain technology could reduce re/insurer’s administrative costs by up to 30 percent by making transactions faster and more efficient, according to Ken Marke, director for strategy and business development at Ageas Group and chief marketing officer of B3i. 29 January 2018
Insurance
Chubb has made changes within its senior leadership team following a strategic cooperation agreement with PICC Property & Casualty Company of China. 29 January 2018
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