Articles

Insurance

Nephila looks to cut Lloyd's cost using Phinsys finance automation technology

In a bid to reduce the cost of doing business at Lloyd’s, Nephila Syndicate Management (NSML) has selected Phinsys' suite of software technologies to streamline its financial processes and automate statutory, regulatory and management reporting.   23 September 2019

Insurance

Brit Re gets rating boost from AM Best; mulls reinsurance expansion in 2020

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

Insurance

Generali launches new specialty insurance division in the US

The US arm of Italian insurer Generali Group has launched a new specialty insurance division focused on warranty services and solutions.   19 September 2019

Insurance

IGI to highlight workplace harassment at Dive In diversity event in Jordan

International General Insurance (IGI) is to focus on workplace harassment as it hosts the Dive In festival in Jordan later this month.   19 September 2019

Insurance

Lebanese Insurance Industry hit by rising political uncertainty: AM Best

Although Lebanese insurers are accustomed to operating in a challenging economic environment, an accelerating decline in investor confidence and US dollar cash-flow constraints create further risks for insurers with fixed costs in US dollars.   4 November 2019

Insurance

Hagibis losses estimated between $7bn and $11bn

Insured losses stemming from Typhoon Hagibis in Japan will be between $7 billion and $11 billion, according to catastrophe risk modelling company RMS.   4 November 2019

Insurance

Gen Re partners with UK insurtech iXledger in blockchain venture

Gen Re, a Berkshire Hathaway company, has entered a strategic partnership with London-based insurtech firm iXledger (formerly InsureXTechnologies) to develop solutions for life and health insurance utilising blockchain technology.   29 August 2017

Insurance

AIG appoints chief underwriting officer from Berkshire

American International Group (AIG) has appointed Tom Bolt as chief underwriting officer, general insurance.   5 December 2017

Insurance

Tokio Marine names Michael Schell as new president as Burke retires

Houston-based Tokio Marine HCC has named Michael Schell as its new president following the retirement of William Burke in April 2019.   7 March 2019

Insurance

Lloyd’s appoints Brexit programme director Hayley Spink to lead global operations

Lloyd's of London has appointed Hayley Spink as head of global operations, replacing Joe Dainty who's leaving Lloyd’s in March to join DXC.   7 March 2019

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