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Insurance
London-based underwriting company Novae Group has appointed Andrew Torrance as an independent non-executive director, to take effect from 1 March 2016. 12 February 2016
Insurance
British cybersecurity firm Solfyre and London-based SafeShare Global, an insurance and technology start-up enabling the sharing economy, have partnered to develop what they claim is the world’s first identity theft and identity fraud insurance solution. 11 February 2016
Insurance
Brit is opening an office in Singapore after the global specialty insurer gained approval to begin underwriting from both Lloyd’s and the Monetary Authority of Singapore (MAS). 10 February 2016
Insurance
A severe winter storm that hit the Eastern US during the second half of January has resulted in economic losses of $2 billion, and insured losses well into the hundreds of millions, according to Impact Forecasting, Aon Benfield’s catastrophe model development unit. 10 February 2016
Insurance
Julian James, president of Allied World Europe, and Neil Maidment, chief underwriting officer of Beazley, have both been elected to the Council of Lloyd’s for a term of three years commencing in February. 7 January 2016
Insurance
Ashley Prebble, insurance partner at Clifford Chance, takes a look at how the Financial Conduct Authority is investigating big data and the possible risks to insurers of limits on innovation. 21 December 2015
Alternative Risk Transfer
A number of innovative deals have transformed the potential of longevity swaps to help defined benefit pension schemes to manage longevity risk. Here, Stewart McLaughlin, Willis Management (Guernsey), explains the nature of the advance and what it might mean for this form of risk transfer. 17 December 2015
Alternative Risk Transfer
The London Market Group (LMG) has formed a working group designed to make and push the case for London becoming more friendly to insurance-linked securities in a number of ways. Malcolm Newman, CEO of SCOR’s Paris-London Hub, chairman of the International Underwriting Association and sponsor of LMG’s ILS Working Group, explains the logic and aims underpinning the project. 17 December 2015
Insurance
Beazley, the specialty-risk re/insurer, has introduced a suite of breach preparedness services tailored to the needs of policyholders outside the US. 7 December 2015
Insurance
Novae’s results for the first nine months of 2015 highlighted growth through the addition of new underwriting teams, tempered with continuing challenging underwriting conditions, a difficult quarter for investments and a benign claims environment. 11 November 2015
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