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Loss estimate for December 2018 Sydney hailstorms lowered: PERILS
Insurance
The December 2018 Sydney hailstorms will cost the industry some A$633 million, according to PERILS in its second loss estimate for the catastrophe.   20 March 2019
Munich Re unveils ‘ambitious’ group profit target of €2.5bn for 2019
News
In its 2019 outlook, Munich Re has unveiled a group profit target of around €2.5bn, saying the reinsurer is “on track” to achieve this.   20 March 2019
SCOR unveils round of promotions as Blanc and Conoscente take new roles
Insurance
SCOR has made five appointments including CEO posts, as part of a senior reshuffle that will start coming into effective from 1 April 2019.   20 March 2019
Insurance
AXA Partners has started a blockchain payment protection experiment to support people who are involuntary unemployed in Sweden.   19 March 2019
Insurance
Specialty property and casualty insurer for power and energy PERse (Power.Energy.Risk) has set up an office in Miami with a new team to focus on underwriting renewable energy projects in Latin America.   19 March 2019
Insurance
Global business insurer Allianz Global Corporate & Specialty (AGCS) has rejigged board level roles and senior leadership responsibilities.   19 March 2019
Insurance
The Captive Insurance Companies Association (CICA) has elected Steve McElhiney as chairman of its board of directors.   19 March 2019
News
The use of artificial intelligence in future underwriting was the topic of a webinar organised by Intelligent Insurer on March 7, 2019.   19 March 2019
Alternative Risk Transfer
Markel said it is “incredibly optimistic” about the future of its insurance linked securities (ILS) business despite ongoing investigations into recorded loss reserves at CATCo and its subsidiaries.   19 March 2019
Insurance
Antares, the Lloyd’s Managing Agency and member of the QIC Group, has appointed Martin Campbell head of Financial Institutions at Antares Syndicate 1274.   18 March 2019

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