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The potential of insurtech is vital to the strategy of Hiscox going forward as its influence will permeate every part of the business and its offering to customers, according to Adam Szakmary, director of underwriting (Bermuda), Hiscox Re. 24 October 2018
Insurance
Bermuda-based AXIS Capital Holdings said on Aug. 29 that Novae Group shareholders approved the terms of the acquisition offer which will form a global specialty re/insurer with gross written premiums in excess of $6 billion. 29 August 2017
Insurance
GRP’s founders will retain their minority stakes. 3 February 2020
Insurance
Venture capital firm Beat Capital Partners and insurance investment vehicle Paraline UK are to merge in a move designed to "enhance and further build Beat’s platform to support independent underwriting businesses". 24 August 2018
Insurance
Reinsurer Swiss Re has appointed Claudia Cordioli to the role of CFO Reinsurance. 5 November 2019
Insurance
Ascot's non-executive chairman Richard Dearlove believes Brexit is 'a sideshow' and is likely to have a minimal impact on the London re/insurance market. 13 June 2019
Insurance
Specialty insurer NMU has extended its standalone cyber product CyberSafe to now include a range of new services and extended benefits, chiefly customer payment fraud protection, and cover for business interruption loss resulting from reputational harm. 5 November 2019
Insurance
AIR Worldwide has launched a Multiple Peril Crop Insurance (MPCI) Model for India to boost “probabilistic assessments” of potential losses caused by yield shortfalls for 11 major crops. 5 November 2019
Insurance
There has been a reshuffle at Marsh’s aviation practice with the exit of key team members and the impending arrival of an experienced insurance executive from Boeing. 2 August 2019
Insurance
Ratings agency AM Best has assigned a financial strength rating of A (Excellent) with a ‘stable’ outlook to Brit Reinsurance (Bermuda), a wholly-owned subsidiary of specialty re/insurer Brit, reflecting a "very strong" balance sheet. 19 September 2019
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