Articles

Insurance

North P&I revamps claims leadership as global director Andrew Taylor departs

Marine liability insurer North P&I Club has made several new appointments to strengthen its protection and indemnity insurance claims leadership team following the departure of global claims director Andrew Taylor after 36 years.   20 September 2019

Insurance

Bahrain’s Trust Re hires new executive management talent to boost corporate governance; forms committee

Reinsurance firm Trust Re, headquartered in the Kingdom of Bahrain, has strengthened its executive management team with new appointments and formed a new executive committee.   18 September 2019

Insurance

Marine insurance market 'chaotic' as future remains uncertain, says IUMI

The ongoing global uncertainties, including the current trade tensions, will continue to impact all marine lines of business, specifically cargo and offshore energy, predicts the International Union of Marine Insurance (IUMI), which represents 43 marine market insurance and reinsurance associations globally.   17 September 2019

Insurance

Technology, Brexit and regulation top recurring concerns for insurance, finds law firm Beachcroft

Brexit, technology and regulation lead the key concerns of insurers in the latter half of 2019, according to a report by law firm DAC Beachcroft.   17 September 2019

Insurance

QBE combines cyber insurance with risk prevention and post-breach services

Specialist insurer QBE North America, a part of the QBE Insurance Group, has enhanced its cyber insurance solution to include cyberattack prevention services as well as post-breach response assistance.   17 September 2019

Insurance

US insurtech Broker Buddha secures $4.5m funding for expansion

Insurtech platform Broker Buddha that simplifies the commercial insurance application and renewal process has raised $4.5 million in a funding round led by Vertex Ventures.   17 September 2019

Insurance

Ed bolsters risk solutions with senior hire from Faraday

London-based reinsurance, wholesale and specialty broker Ed has appointed Simon Stovell as divisional director for its risk solutions team.   17 September 2019

Insurance

AXA XL promotes trio to grow UK book of business

Re/insurer AXA XL has made a number of appointments in its UK client and distribution team, based in London.   16 September 2019

Insurance

IFRS 17 still beset by some uncertainties, says AM Best

Ratings agency AM Best has highlighted concerns about further amendments being proposed to the International Accounting Standard, IFRS 17, which seeks to reflect market values in the published financial statements of insurers.   16 September 2019

Insurance

AIR Worldwide pegs typhoon Faxai insured losses between $3bn and $7bn

Catastrophe risk modelling firm AIR Worldwide estimates that industry insured losses from Typhoon Faxai, which made landfall in Japan on September 9, will be between JPY 340 billion ($3 billion) and JPY 740 billion ($7 billion).   16 September 2019

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