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Reinsurance
SCOR said on Oct. 9 that Hurricanes Harvey, Irma and Maria, as well as the Mexico earthquakes, will cost the company €430 million net of retrocession and tax for the third quarter of 2017. 9 October 2017
Insurance
Global reinsurers will incur notable losses from Hurricane Irma, but the storm will have only a limited impact on the sector’s capital, ratings agency AM Best said in a Sept. 14 report. 15 September 2017
Alternative Risk Transfer
Three experienced ILS executives including one of the founders of Hiscox-owned Kiskadee Investment Managers and a former managing director of RenRe-owned DaVinci Reinsurance have formed a new hedge fund-backed ILS venture, according to a May 16 Reuters report. 17 May 2018
Insurance
Bermuda-based Fidelis Insurance has taken an equity stake in a new managing general agent (MGA) Aware Specialty, and will be providing underwriting capacity. 17 May 2018
Insurance
Specialty re/insurer MS Amlin has partnered with London-based insurtech start-up Cytora to deploy artificial intelligence (AI) into the commercial underwriting processes. 20 June 2018
Insurance
Viva Republica, a South Korean fintech startup that developed financial services app Toss, has secured a $40 million round of funding from Singapore-based investment firm GIC and Sequoia China. 19 June 2018
Insurance
Re/insurer XL Catlin has entered into an underwriting agreement with a new insurtech-focused programme administrator Bamboo Insurance to provide property insurance in California. 19 June 2018
Insurance
Re/insurers increasingly accept there may be little movement on rates yet again in the next renewals—and they are willing to judge lines of business on their own merits, Christopher Donelan, president and chief underwriting officer of North American reinsurance and head of global casualty at Sompo International, told PCI Today. 30 October 2018
Insurance
The re/insurance industry is facing a structural shift as a consequence of the impact of technology, but not every insurtech venture and vendor will be successful, Stefan Holzberger, chief rating officer at AM Best, told delegates at PCI yesterday. 30 October 2018
Insurance
Scott Purviance has succeeded Steven DeCarlo as the company’s AmWINS Group CEO on May 1, a move that is followed by a number of management changes. 2 May 2018
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