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Insurance
Munich Re has agreed to partner with app-based insurance provider Wrisk, an InsurTech venture, to become its exclusive carrier for business underwritten in the UK, Europe and US.   21 November 2016
Insurance
Karsten Herrmann, the senior vice president and manager of Munich Reinsurance America’s political risk and trade credit division, has been sworn in as a member of the Trade Finance Advisory Council (TFAC) committee to advise US Secretary of Commerce on trade finance programs and strategies.   21 November 2016
Insurance
AIG is pulling back from lines with poor underwriting performance, a strategy that has already had a positive effect on overall profitability. But this area remains the wildcard for its targeted 9 percent normalized annual ROE (return on equity), according to CreditSights analysts.   21 November 2016
Alternative Risk Transfer
Fannie Mae, the US government-backed financial institution that provides liquidity to the US mortgage markets by buying mortgages from lenders, has transferred another chunk of risk to the reinsurance markets – this time with different parameters to previous deals offering reinsurers diversification.   21 November 2016
Insurance
The board of re/insurer Chubb has authorised a $1 billion share repurchase programme in a move designed to boost shareholder value, less than a year after it combined with ACE.   21 November 2016
Insurance
TransRe’s parent Alleghany Corporation has estimated its pre-tax loss relating to Hurricane Matthew which hit North America at the beginning of October at less than $75 million.   18 November 2016
Insurance
Re/insurer XL Catlin has expanded its political risk and trade credit (PRTC) insurance capabilities with the appointment of Barry Huber as its global practice leader, based in New York.   17 November 2016
Insurance
Insurers believe technologies and innovations provide significant opportunities to the industry in terms of managing compliance and risk, and improving efficiency and service, according to a study by financial services technology provider FIS.   17 November 2016
Insurance
Innovative analytic tools and solutions can help insurers optimise capital and drive profitable growth, as Tim Gardner of Guy Carpenter explains.   16 November 2016
Insurance
Alesco Risk Management Services has appointed Simon Clarkson as an executive partner in its energy division, effective December 2016.   16 November 2016

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