Articles

Insurance

AIG appoints Waldner as first chief sustainability officer to lead strategy

American International Group (AIG) has created a position of chief sustainability officer to lead the development and implementation of a company-wide sustainability strategy.   25 July 2019

Insurance

AXA XL promotes Hearn to chief underwriting officer for London Market wholesale

AXA XL insurance has appointed Simon Hearn to chief underwriting officer (CUO) to lead its property & casualty London wholesale business.   23 July 2019

Insurance

AIG appoints global head of real estate from Goldman Sachs

American International Group (AIG) has appointed James Love as global head of real estate, effective August 6.   18 July 2019

Insurance

Insurer FedNat reports gross cat losses of $17m in Q2 2019

US insurer FedNat Holding Company (FedNat) has reported gross catastrophe losses of $17 million, including $15.5 million from the company’s non-Florida property business in Q2 2019.   18 July 2019

Insurance

Allianz X leads $20m funding round in ESG data provider Arabesque S-Ray

Germany-based Allianz Group's digital investment unit Allianz X has led the Series A funding round of environmental, social, and governance (ESG) data provider Arabesque S-Ray, which uses big data and machine learning technology to assess the sustainability performance of companies.   18 July 2019

Alternative Risk Transfer

Schroders acquires full ownership of ILS specialist Secquaero; boosts private assets business

Schroders has reinforced its private assets business by taking full control of Zurich-based insurance linked securities (ILS) investor Secquaero Advisors.   18 July 2019

Insurance

ABIR picks Hamilton's Albo as deputy chair, Catlin's Convex as newest member

The Association of Bermuda Insurers and Reinsurers (ABIR) has elected Hamilton CEO Pina Albo as its deputy chair, and added Stephen Catlin and Paul Brand's newly launched specialty re/insurer Convex Group to its membership.   18 July 2019

Insurance

Artex promotes Thompsett to COO and Marshall to CFO

Risk management provider Artex has promoted Stephen Thompsett to chief operating officer (COO) and Brandon Marshall to chief financial officer (CFO).   18 July 2019

Insurance

Moody’s: insurers ‘will face a one-off hit to earnings’ after UK Ogden rate review

Moody’s Investors Service has warned that the Ogden discount rate of minus 0.25 percent, revealed today by the UK’s Lord Chancellor, will mean a “one-off hit to earnings” for reinsurers that have been working to expectations of a new rate between zero and 1 percent.   15 July 2019

Insurance

Convex partners with insurtech Cytora for AI-powered commercial underwriting solution

Stephen Catlin and Paul Brand's newly launched specialty re/insurer Convex Group has partnered with UK-based insurtech Cytora to develop artificial intelligence-powered solutions for the commercial insurance industry.   15 July 2019

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