Articles
Insurance
The speed at which technology is transforming the insurance industry means it could become a so-called black swan event for the industry – as opposed to technology being gradually implemented by the industry in an orderly way. 15 October 2018
Insurance
Marsh & McLennan’s acquisition of JLT has been on the cards for some time. While the two players complement each other in many areas, Marsh has taken on a lot of debt to finance the deal—which may cause it problems. Intelligent Insurer reports. 12 October 2018
Alternative Risk Transfer
Specialist insurer Hiscox has appointed Liz Breeze as the new chief financial officer (CFO) of its reinsurance and alternative capital business Hiscox Re & ILS, based in Bermuda. 11 October 2018
Alternative Risk Transfer
Allianz is targeting an expansion in alternative risk transfer ART) through a new structure and leadership at its corporate solutions unit Allianz Global Corporate & Specialty (AGCS). 9 October 2018
Insurance
Outgoing Lloyd’s CEO Inga Beale has received sexist and homophobic abuse when she became the first female CEO of Lloyd’s of London, according to The Times. 8 October 2018
Insurance
Tropical storm Michael is expected to become a hurricane and carry strong winds and rain to Cuba, Florida and southern Georgia, according to the National Hurricane Center (NHC). 8 October 2018
News
Swiss Re believes it can insulate itself from downwards pressure on rates in the reinsurance market by offering clients value-added services such as data, technology and expertise, head of reinsurance Moses Ojeisekhoba, told Intelligent Insurer. 8 October 2018
Insurance
Following an in-depth business and financial review, S&P Global Ratings believes Marsh&McLennan (MMC) will likely be committed to and able to de-lever back to a range appropriate for the firm’s current rating despite a very significant increase in debt to fund its acquisition of insurance broker JLT. 8 October 2018
Insurance
Lancashire Holdings has issued a profit warning for its third quarter 2018 results due to losses in its marine and catastrophe re/insurance portfolios. 8 October 2018
Insurance
Specialist commercial insurer CNA Hardy has confirmed its plan to exit property treaty, marine hull and construction/erection all risks (CAR/EAR) business on the Lloyd’s platform. 8 October 2018
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