Articles

Insurance

Many reinsurers ‘increase cat risk exposure’ to exploit 2019 price uptick, finds S&P Global

Most of the top 20 reinsurers have switched strategy to take advantage of the price uptick, seen during the April, June and July 2019 renewals, by increasing their exposure to catastrophe risk, a report from S&P Global has found.   9 August 2019

Insurance

Aviva to review Asia unit as new CEO rethinks strategy amid 'mixed' H1 2019 results

UK's life and general insurer Aviva has said that the company is "considering a range of options" to enhance its Asian business as new CEO Maurice Tulloch looks to re-energise the business with a fresh growth strategy.   8 August 2019

Insurance

Travelers names new co-chief investment officers

Property/casualty insurer Travelers Companies has appointed David Rowland and Daniel Yin to executive vice president and co-chief investment officer, effective immediately.   8 August 2019

Alternative Risk Transfer

ILS market growth second-slowest in eight years in Q2 2019: Willis Re

The insurance-linked securities (ILS) market declined year-on-year in the second quarter of 2019, making it the second-lowest Q2 for issuance by volume in the past eight years, except for 2016.   7 August 2019

Insurance

New insurtech Previsico sets out to make 'big impact' with new flood prediction solution using big data

Previsico, an insurtech spin-out of the Loughborough University specialising in flash flood forecasting technology, is launching into the insurance sector following a seed funding round.   7 August 2019

Insurance

Beazley adds CNA, Chubb and Hartford cyber & tech underwriters in US

Specialist insurer Beazley has appointed three new underwriters from CNA, Chubb and The Hartford to its US cyber & technology team that the company claims has grown by 25 percent in the past two years.   7 August 2019

Insurance

Sedgwick acquires Nordic Loss Adjusting in expansion move

Technology-driven risk solutions provider Sedgwick has acquired Nordic Loss Adjusting (NLA) and related entities in order to strengthen its presence in the Nordic region.   7 August 2019

Insurance

Fidelis reshuffles Ireland leadership as CEO/CUO Lyons departs

Bermuda-based Fidelis Insurance has appointed Robert Kelly to the post of chief executive officer and Simon Crone to chief underwriting officer of Fidelis Insurance Ireland DAC (FIID).   7 August 2019

Insurance

Beecher Carlson appoints Bill Daly as chief operating officer

Broker Beecher Carlson Insurance Services, the specialised large account subsidiary of Brown & Brown, has appointed Bill Daly as chief operating officer (COO).   7 August 2019

Insurance

RT Specialty promotes Todd Mannschreck to chief claims officer

RT Specialty, a wholesale brokerage unit of Ryan Specialty Group (RSG), has promoted Todd Mannschreck to president of claims, chief claims officer. He is based in the company's Kansas City office.   7 August 2019

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