Articles

Insurance

St. Maarten joins Caribbean’s cat risk facility CCRIF SPC

St. Maarten has joined CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), purchasing coverage for tropical cyclones, earthquakes and excess rainfall.   6 September 2018

Insurance

Blockchain to deliver up to $50bn cost savings per year to re/insurance sector

Applying blockchain to the global re/insurance market could deliver operational cost savings of 10 percent to 25 percent or $20 billion to $50 billion each year, according to a report by blockchain solutions provider R3 and ChainThat.   7 March 2018

Insurance

MGA capacity set to grow but carriers split on direction of travel, finds Clyde & Co survey

Fourth fifths (80 percent) of carriers expect to increase MGA capacity in 2019, according to a survey of more than 100 insurers and MGAs conducted by global law firm Clyde & Co.   1 July 2019

Insurance

CNA appoints new technology and operations leaders

Insurer CNA has appointed Bahr Omidfar as senior vice president and chief technology officer, and Joyce Trimuel as chief operations & diversity officer.   5 February 2018

Insurance

Chubb unveils Bermuda leadership changes

US-based property/casualty (P&C) insurer Chubb has appointed Judy Gonsalves as vice president of Chubb Group and division president of Bermuda, responsible for the commercial P&C insurance business on the island.   18 October 2018

Insurance

Private equity firms buy stakes in Sirius in private placement

Bermuda-based Sirius International Insurance Group has entered into equity subscription agreements with affiliated funds of Gallatin Point Capital, The Carlyle Group, Centerbridge Partners, and Bain Capital Credit.   31 August 2018

Insurance

PartnerRe unveils leadership changes, replaces chairman

Bermuda-based PartnerRe has appointed Brian Dowd to succeed John Elkann as chairman of the company’s board of directors alongside several other leadership changes.   31 August 2018

Insurance

Stonybrook Capital hires director from JLT

Thomas Deane has joined insurance-focused advisory and investment firm Stonybrook Capital from JLT Capital Markets.   8 December 2017

Insurance

Insurtech OnRisk forms strategic alliance with Lloyd's broker AFL

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

Starr hires former ambassador into its Philippines unit

Starr Companies has appointed Jose Cuisia as chairman of Starr International Insurance Philippines branch, a branch of Starr International Insurance (Asia), a company established and licensed to write general insurance in Hong Kong.   2 January 2018

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