Articles

Insurance

Extreme weather events have driven spike in ILS impairments

Following the difficult years of 2017 to 2019, which were dominated by extreme hurricanes, earthquakes, wildfires, typhoons and winter storm events, 25 insurance-linked securities (ILS) bonds are expected to be impaired in the 12-month period to June 30.   11 September 2019

Insurance

Xceedance unveils its cost effective cat modelling platform

Xceedance, the managed services and technology company, has teamed up with Oasis Loss Modelling Framework (Oasis LMF) to provide on-demand catastrophe modelling.   11 September 2019

article

German insurance body elects Deutsche Rück exec

The German Association of Public-Law Insurers has appointed Dr Katrin Burkhardt as its general manager. She has also been appointed as managing general agent of Deutsche Rückversicherung.   9 October 2014

Insurance

GRP completes fourth deal of the year, with Cavendish Munro investment

Global Risk Partners (GRP), an acquisitive insurance broking and managing general agent (MGA) investment vehicle, has completed its investment in Cavendish Munro Professional Risks, the specialist retail broker.   6 June 2016

Insurance

Tokio Marine Holdings to buy US HNW insurer Pure Group for $3.1bn

Tokio Marine Holdings has agreed to buy 100 percent of the outstanding shares of US firm Privilege Underwriters and its subsidiaries, known as the Pure Group, for $3.1 billion (approximately ¥ 325.5 billion).   3 October 2019

Insurance

Sompo poaches head of aviation reinsurance from Qatar Re

Bermuda-based property and casualty re/insurer Sompo International has appointed Patrick Cove as global head of aviation reinsurance. He will be based in the company’s Zurich office.   10 April 2018

Insurance

XL Catlin poaches Lloyd’s CRO

Sean McGovern, chief risk officer (CRO) and general counsel, at Lloyd’s is leaving the corporation to take up the position of chief compliance officer and head of regulatory and government affairs at XL Catlin.   18 May 2016

Insurance

Bluefin Underwriting hires Dual exec as broker development exec

Bluefin Underwriting, the managing general agent (MGA) arm of Bluefin, has expanded its broker development team with the appointment of Jodie Gibbons as broker development executive in the Wales and South West region.   17 May 2016

Insurance

Iron-Starr to underwrite certain insurance lines for OCIL

Oil Casualty Insurance (OCIL) has entered into an agreement with Iron-Starr Excess Agency (Iron-Starr), a managing general agency (MGA) and Ironshore subsidiary, whereby Iron-Starr will be underwriting certain lines of insurance on behalf of OCIL.   10 June 2016

Insurance

Lloyd’s picks 'brightest and best' insurtech talent for fourth cohort

Kovrr, Loadsure, Boxx, Skyline, KASKO and Parametrix are among the insurtechs selected for the cohort that will begin on April 27.   8 April 2020

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