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Insurance
Historic rainfall that hit Japan between June 29 and July 8 has damaged or destroyed nearly 12,000 homes and public structures while washing away portions of roadways and bridges and disrupting industrial production, according to the Aon Cat Alert report. 10 July 2018
Insurance
US-based insurtech startup OnRisk has formed a strategic partnership with independent Lloyd's broker AFL to develop new technology for structuring and placing property & casualty (P&C) risk. 10 July 2018
Insurance
The US cyber insurance premiums expanded 37 percent year on year to $1.84 billion in 2017, according to Aon’s US Cyber Market Update report. 9 July 2018
Insurance
ACORD, the global standards-setting body for the insurance industry, has released the industry’s ‘first standard’ for cyber data breach. 9 July 2018
News
Reinsurance is used increasingly for earnings protection and volatility reduction by insurers whose purchasing is guided by “risk appetite statements” deployed to optimize capital management and profitability targets, according to a survey of insurers by Willis Towers Watson. 9 July 2018
Insurance
Many insurtech firms are very similar in their scope and function to managing general agents – and could benefit from being part of the Managing General Agents' Association (MGAA). 9 July 2018
Insurance
Re/insurer MS Amlin has hired senior Aon executive Brecht van Hoorebeke to develop and grow its war business across continental Europe. 9 July 2018
Alternative Risk Transfer
Bermuda-based Horseshoe Group has appointed Jean-Bernard Crozet as senior vice president – advisory services and head of London office. 9 July 2018
Insurance
Property/casualty insurer Travelers Europe has launched a new standalone cyber insurance product for businesses in the UK and Ireland. 9 July 2018
Insurance
At least 100 people have died in Japan as record rainfall caused flooding and landslides in western Japan, according to news reports. 9 July 2018
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