Articles
Insurance
Bermuda re/insurer Sompo International has secured regulatory approvals from the Ministry of Finance of Luxembourg to establish a new subsidiary in the country – a move it made to deal with the UK leaving the European Union. 23 April 2018
Insurance
Lloyd’s has selected L Marks, an innovation specialist in the insurtech sector, and Boston Consulting Group (BCG) to support the set up and operation of its newly unveiled innovation lab. 23 April 2018
Insurance
Munich Re has tested and insured the fraud prevention solution of German and Israeli start-up Fraugster, which uses artificial intelligence (AI) technology to detects payment frauds and improve the security of online sales. 23 April 2018
News
The reinsurance industry emerged relatively unscathed from the heavy catastrophe losses of 2017 with its shareholders’ equity increasing and its combined ratio nowhere near as bad as in 2005 and 2011 – two most recent years severely hit by cat losses. 23 April 2018
Insurance
Sedgwick, a provider of technology-enabled business solutions in the risk and benefits services space, has appointed Malcolm Hughes as chief executive officer of its operations in Ireland. 23 April 2018
Insurance
Malicious and/or non-malicious cyber incidents are excluded in most classes of business covering physical damage losses, according to a report by the Lloyd’s Market Association (LMA) called ‘Cyber Risks & Exposures Model Clauses: Class of Business Review’, which reviews by class non-affirmative and affirmative coverage and commonly used exclusions. 23 April 2018
Insurance
Technology-driven risk solutions provider Sedgwick has appointed Ian Muress, Stewart Steel and Paul White to leadership roles for its combined business operations in the UK. 23 April 2018
Insurance
Tokio Marine Kiln (TMK) has entered into a strategic alliance with Australian insurtech firm Evari. 23 April 2018
Insurance
Specialist broker Alesco Risk Management Services has hired Willis' Martin Hiller as chairman of its UK construction team. 23 April 2018
Insurance
The Managing General Agents’ Association (MGAA) has established a dedicated group to drive innovation and greater collaboration in the MGA sector. 23 April 2018
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