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AXIS Re plans to fundamentally change its offering by becoming more client-focused, offering bespoke, structured, reinsurance deals and expanding its footprint in Asia. By doing this, and making other changes, it is targeting becoming a top 10 reinsurer, Steve Arora, chief executive of AXIS Re, told Monte Carlo Today. 11 September 2018
Insurance
Norwegian aluminium and renewable energy company Norsk Hydro, which suffered a severe ransomware attack last week, has estimated that total losses from the incident have already reached 300-350 Norwegian crowns (nearly $40 million). 27 March 2019
Insurance
London-based insurtech start-up Digital Fineprint (DFP), a provider of commercial insurance analytics, has secured a $4 million investment from Eos Partners and Pentech Ventures to support its expansion plans, and formed a new partnership with RSA Insurance Group. 26 September 2019
Insurance
Specialty managing general agent (MGA), Nexus Underwriting, has acquired specialist MGA and Lloyd’s service provider EBA Insurance Services. 11 August 2015
News
Athens-based independent broker Matrix has continued to chip away at global domination, successfully becoming a Lloyd’s broker last year. Intelligent Insurer speaks to Gerry Tighe, head of treaty at the firm, about how the company has secured itself as the leading reinsurance broker in Greece and Cyprus. 9 September 2013
Insurance
Bermuda specialty re/insurer Argo Group International Holdings has appointed Bill Wharton to head Argo Insurance Bermuda, and Nigel Mortimer to lead its international casualty business. 9 January 2019
Insurance
As India opens its market to international reinsurers, major foreign players are applying for licences to take advantage of the country’s strong growth potential. But they will encounter a fairly soft market with prices likely to depreciate further due to the additional inflow of capacity, and a paramount state-run competitor, experts believe. 13 October 2016
Insurance
Cunningham Lindsey has appointed Richard Ward as executive chairman of the board and Jane Tutoki as chief executive officer (CEO). 13 May 2014
Insurance
Castel Specialty, a division of club-style MGA formation platform Castel Underwriting Agencies, has added specialist marine coverages to its portfolio with the addition of Seacurus. 1 February 2019
Insurance
RFIB Group, a Lloyd’s re/insurance broker, has appointed James Wilson to head up its newly formed transaction solutions business, effective immediately. 10 August 2016
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