Articles

Alternative Risk Transfer

Beazley’s Smart Tracker seeks $1 billion within five years

Specialist Lloyd’s re/insurer Beazley’s innovative Smart Tracker facility, which it launched in 2018, is targeted to write $1 billion of business within five years, Patrick Hartigan, head of reinsurance at Beazley, told Monte Carlo Today.   8 September 2019

Insurance

Marsh agrees buyout deal with JLT's Construction Risk Partners

Broker Marsh and Construction Risk Partners (CRP), a specialty broker dedicated to the US construction industry, have entered an agreement whereby CRP management will buy back the company’s stock from JLT Specialty USA.   6 September 2019

Alternative Risk Transfer

ILS market robust even as catastrophe bonds suffer losses: Aon

The market for Insurance-Linked Securities (ILS) is resilient in 2019 with continued support for new issuance, despite hurricanes and other events leading to a challenging market.   6 September 2019

Insurance

Moody’s flags up insurers facing Dorian impact in vulnerable US states

As Hurricane Dorian continues to threaten the southeast US coast, a credit ratings firm has identified the primary insurers that could be most affected.   6 September 2019

Insurance

Underwriting margins fall slightly for North American property/casualty insurers: Fitch

North American property and casualty (P&C) insurers have seen modestly weaker underwriting margins, Fitch Ratings has found.   6 September 2019

Insurance

KCC puts Bahamas’ losses from hurricane Dorian at $7 billion; Abaco and Grand Bahama worst hit

As hurricane Dorian, now downgraded to a category 3 from category 5, looms over the south east coast of the US, the National Hurricane Center has warned of a “life threatening storm surge, heavy rainfall and tornadoes” affecting the Carolinas.   5 September 2019

Insurance

Data theft from major email provider is most likely cyber catastrophe, finds Guy Carpenter and CyberCube Analytics

Data loss from a leading operating system provider could rack up insurance losses of more than $23 billion, according to a study of major cyber risks.   5 September 2019

Insurance

Technology firm Tremor raises $10m for reinsurance expansion; adds shareholder WR Berkley

Insurance technology firm Tremor has raised $10 million in new funding, with industry veteran WR Berkley joining existing backers, including venture capitalist Anthemis Group, the lead investor.   5 September 2019

Insurance

Autonomous cars could prompt 60% drop in insurance premium revenue: Kennedys report

Motor premium revenue could fall as much as 60 percent if drivers switched to autonomous cars, which are designed to cut the number of accidents.   4 September 2019

Insurance

AXA XL bolsters US structured risk solutions unit with AIG hire

AXA XL, the property & casualty and specialty risk division of AXA, has named Austin Su as US underwriting lead of its structured risk solutions (SRS) business.   4 September 2019

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