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Ogden discount rate ‘just a bump in the road’ for motor insurers, says S&P
Insurance
S&P Global Ratings said the less generous than expected minus 0.25 percent Ogden discount rate announced yesterday is ‘just a bump in the road’ for UK motor insurers.   16 July 2019
Hudson Structured leads Series B funding round for insurtech RiskGenius
Insurance
Hudson Structured Capital Management (HSCM Bermuda) has led the Series B funding round of insurtech RiskGenius, which provides software-based natural language processing tools for improving the quality and accuracy of insurance policies.   16 July 2019
International Re launches first re/insurance solution for mid-sized captives
Insurance
Specialist captive managing general agent (MGA) International Re (I–RE) has launched a re/insurance solution for mid-sized captives with the establishment of I–RE SA.   16 July 2019
Insurance
Munich Re has hired Kyungsuk Lee as new head of life and health business in Korea. He was most recently CFO at Chubb Life Korea Insurance and has worked for direct insurance companies in the US and Korea for over 15 years.   16 July 2019
Insurance
Florida-based property/casualty broker AssuredPartners has acquired Birmingham-based risk management and insurance broking firm Hettle Andrews & Associates.   16 July 2019
Insurance
Louisiana-headquartered Fidelis Group Holdings (FGH) has hired Mark Taylor as senior manager of its claims division.   16 July 2019
Insurance
Bermuda-based Everest Re Group, has appointed Joshila Tailor as the global head of fine art and specie for Everest Insurance International, which includes Everest Insurance Ireland and Lloyd’s Syndicate 2786.   15 July 2019
Insurance
The Association of British Insurers (ABI) has appointed Allianz Insurance chief executive Jon Dye as its new chairman, replacing Amanda Blanc who resigned last week.   12 July 2019
Insurance
Arcus Syndicate 1856, which is managed by Barbican Managing Agency, has hired Alex Shepherd as active underwriter from RenaissanceRe Syndicate 1458 where he was head of property.   11 July 2019
Insurance
Re/insurer AXA UK & Ireland has appointed David Baker as new chief risk officer, replacing Evan Waks who is leaving to pursue opportunities outside the company.   10 July 2019

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