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The Nature Conservancy and the state government of Quintana Roo in Mexico have created a “Coastal Zone Management Trust” which will finance the first-ever parametric insurance policy covering a coral reef and the beach sand against the impact of hurricanes. 12 March 2018
Insurance
The new digital player that Allianz is creating in Europe is set to serve as an example of what the existing agent-based units could achieve if they modernize processes, CEO Oliver Bäte said during a Nov. 30 press conference. 30 November 2018
News
SCOR Global P&C will be organised around three business units plus transverse functions, which will all cooperate for clients’ benefit, according to a corporate presentation. 5 September 2018
Insurance
Concord Specialty Risk, a transactional risk insurance and loss mitigation specialist which is a series of RSG Underwriting Managers, has appointed James Grayer as executive vice president of representations and warranty (R&W) insurance, based in New York. 18 April 2017
Insurance
The insurance industry needs to become more diverse if it’s to avoid being left behind by the rest of the economy, according to a panel discussion at the Intelligent InsurTECH Europe 2018 conference in London today. 15 October 2018
Insurance
Italian insurer Generali wants to invest around €1 billion in internal strategic initiatives for innovation and digital transformation as part of its 2021 three-year strategic plan. 21 November 2018
Insurance
Broker Jardine Lloyd Thompson Group (JLT) has acquired US-based trade credit and political risk broker International Risk Consultants (IRC) to further strengthen its US specialty business. 1 March 2018
Insurance
A wide swath of rating movements for North American property/casualty (P/C) insurers due to capital pressure is unlikely, S&P Global Ratings has surmised having completed a stress test on the sector. 10 January 2018
Insurance
Efforts by Lloyd’s of London to transform the market from a predominantly paper-based system to a digital one have shown “significant” progress in the final quarter of 2018, figures show. 5 February 2019
Insurance
S&P Global Ratings expects the insured losses from wildfires in northern and southern California to be contained as an earnings event and for the reinsurance sector to be able to absorb the impact from these fires as well as recent hurricanes although catastrophe budgets will be strained. 19 November 2018
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