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Australia may face category 3 cyclone Owen
Insurance
Tropical cyclone Owen is forecast to move towards the Queensland coast in Australia and may reach category 3 intensity by Thursday morning, December 13, according the country’s Bureau of Meteorology.   12 December 2018
PE firm creates €10m insurtech fund for Europe investments
Insurance
Private equity firm Odysseus Alternative Ventures (OAV) has partnered with the APICIL Group, a French social protection provider, to create Insurtech Capital I. with a commitment of €10m.   12 December 2018
Insurance
New England Asset Management (NEAM) has appointed Rui Wang as an enterprise capital return & risk management professional in London.   12 December 2018
News
As money continues to pour into insurtech ventures, there is evidence that only the big, global technology players and true venture capital firms have pockets deep enough to precipitate true disruption in the insurance space. Simon Hayes investigates where this will leave the incumbent players.   11 December 2018
Insurance
AM Best has removed from “under review with developing implications” and upgraded the credit ratings of XL Group.   7 December 2018
Insurance
Barbican Insurance Group has appointed Emma Watson as class underwriter for property treaty from CNA Hardy.   4 December 2018
Reinsurance
The re/insurance industry holds high expectations for blockchain technology as an opportunity to increase efficiency of insurance processes, and the future is beginning to take shape with the launch of new platforms and products. Intelligent Insurer reports.   4 December 2018
Insurance
US-based Lemonade is coming to Europe – its first major market outside of the US, Daniel Schreiber, CEO and co-founder, announced in a November 29 blog.   29 November 2018
Alternative Risk Transfer
Issuance volumes of cat bonds fell in the 12 months to June 30, 2018, but this is not a true reflection of the market’s inherent robustness as it continues to mature and evolve, according to Aon’s latest ILS report.   29 November 2018
Alternative Risk Transfer
AXA XL, the property/casualty (P&C) and specialty risk division of the AXA group, is looking to grow the use of ILS to de-risk its portfolio in a strategy that should ultimately be expanded to include the whole group, Greg Hendrick, CEO of AXA XL, suggested during a Nov. 28 press conference.   28 November 2018

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