Articles

Insurance

Fitch Ratings Taps Red Bell’s automated valuation model For RMBS Ratings

The news reflects growing industry acceptance of and confidence in AVMs   8 November 2019

Insurance

New Nordic’s Danish subsidiary Qudos suspends underwriting amid restructuring

Asset manager New Nordic Advisors has revealed that its Denmark-based wholly-owned subsidiary Qudos Insurance will cease to underwrite new business with immediate effect, pending a restructuring of the business.   19 October 2018

Insurance

Aspen shareholders approve $2.6bn Apollo takeover

The shareholders of Bermuda-based Aspen Insurance Holdings have approved the $2.6 billion Aspen acquisition offer by alternative investment manager Apollo.   11 December 2018

Insurance

GDPR to test cyber policies in Europe

The insurance sector has been hoping that the European Union’s General Data Protection Regulation (GDPR) would boost the demand for cyber insurance as the cover has largely been sold as protection against data breaches. But how the market will be affected will depend on the severity of the enforcement actions taken by the EU and UK supervisory authorities, says Alex Jomaa, cyber underwriter at Tokio Marine Kiln.   23 May 2018

Insurance

Allstate April cat losses at $211m

US personal lines insurer Allstate Corporation estimated catastrophe losses for the month of April 2018 of $211 million before taxes.   17 May 2018

Insurance

Cyber risk modelling start-up Kovrr raises $5.5m; sets out to tackle silent cyber with new approach

Israel-headquartered cyber risk modelling firm Kovrr has raised $5.5 million in its latest funding round led by venture capital firms StageOne Ventures and Mundi Ventures, with participation of Banco Sabadell and other private investors.   17 September 2019

Insurance

RSG names CEO of new property cat underwriting facility

Ryan Specialty Group (RSG) has appointed Katie Davies to join an RSG affiliate as president and CEO of a new property catastrophe managing underwriting facility.   15 June 2018

Insurance

AXA Venture Partners raises $150m to invest in early-stage insurtechs

AXA Venture Partners (AVP), the venture capital arm of insurer AXA, has raised $150 million for a new early-stage fund that will invest technology companies mainly focused on the insurance sector.   22 January 2019

Insurance

Willis Towers Watson appoints new UK & Ireland leader for insurance consulting and tech business

Broker Willis Towers Watson has appointed Tammy Richardson to take on the role of UK and Ireland leader for life and property and casualty (P&C) in the company’s insurance consulting and technology business.   1 May 2019

Insurance

Sompo poaches head of aviation reinsurance from Qatar Re

Bermuda-based property and casualty re/insurer Sompo International has appointed Patrick Cove as global head of aviation reinsurance. He will be based in the company’s Zurich office.   10 April 2018

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