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Beazley hires specialty treaty underwriter to expand product solutions unit
Insurance
Beazley hires specialty treaty underwriter to expand product solutions unit
Specialty insurer Beazley has appointed Desiree Khoury as a specialty treaty underwriter within its product solutions team, which provides customised turnkey products to insurance company partners.   24 June 2019
US cyber premiums double in four years but growth ‘slowing’: AM Best
Insurance
US cyber premiums double in four years but growth ‘slowing’: AM Best
US cyber insurers have seen written premiums more than double in four years from $996 million in 2015 to $2 billion in 2018, a report from ratings agency AM Best has shown.   21 June 2019
Third Point Re, White Mountains make strategic investment in auto insurtech start-up Noblr
Insurance
Third Point Re, White Mountains make strategic investment in auto insurtech start-up Noblr
Bermuda-based Third Point Reinsurance and White Mountains Insurance Group have made minority equity investments in newly-launched car insurance company, called Noblr.   21 June 2019
Insurance
New AI-powered insurtech Untangler sets out to boost insurers' productivity
Two entrepreneurs in the insurance and group benefits space have launched a new insurtech, called Untangler, designed to transform unstructured data files into actionable insights, enabling greater productivity.   21 June 2019
Insurance
PG&E agrees $1 billion settlement for fires with law firm Baron and Budd
A US law firm has agreed a $1 billion settlement with PG&E following losses from the 2015 Butte Fire, 2017 North Bay Fires, and 2018 Camp Fire.   20 June 2019
Insurance
Marsh appoints Hanuschak to lead MGU Victor North America as Schaper departs for AIG
Victor Insurance Holdings, the Marsh and McLennan Companies-owned managing general underwriter, has appointed Brian Hanuschak as new president of North America.   20 June 2019
Insurance
AIG appoints global chief procurement officer from Verizon
American International Group (AIG) has appointed Michael O’Malley as global chief procurement officer.   20 June 2019
Insurance
AIG unveils global reinsurance business AIG Re under Marsh's Christopher Schaper
American International Group has consolidated its assumed reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty, to form one global business, called AIG Re.   20 June 2019
Insurance
Aon partners with insurtech Hi Marley for AI-powered platform
Re/insurance broker Aon has formed a strategic alliance with insurtech firm Hi Marley to improve insurers’ customer engagement through an artificial intelligence-enabled messaging solution.   19 June 2019
Insurance
TRIA lapse in US could ‘end terrorism coverage’, warns APCIA’s Wienecke
The US government’s current Terrorism Risk Insurance Act (TRIA) must be reauthorised this year, even though the programme expires at the end of 2020, the American Property Casualty Insurance Association (APCIA) has warned.   19 June 2019

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