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Asset manager New Nordic Advisors has revealed that its Denmark-based wholly-owned subsidiary Qudos Insurance will cease to underwrite new business with immediate effect, pending a restructuring of the business. 19 October 2018
Insurance
London-based managing general agent (MGA) startup Agile Risk Partners and US-based insurtech OnRisk are collaborating to develop an advanced, CAD-style platform for underwriting, structuring and distributing high-value P&C risk. 19 October 2018
Insurance
Bermuda-based Everest Re Group estimates pre-tax catastrophe losses for the third quarter of 2018 of $240 million, net of reinsurance. 19 October 2018
News
Swiss Re estimates its preliminary combined claims burden from recent large natural catastrophes in the third quarter of 2018 at approximately $1.1 billion, net of retrocession and before tax, dominated by weather-related losses in Japan. 18 October 2018
Insurance
Broker Willis Towers Watson has formed a new claims resolution team to expand its advocacy capabilities and facilitate efficient financial recovery for its clients in complex and contested claims scenarios. 18 October 2018
Insurance
Reinsurance broking and risk/capital management firm TigerRisk Partners has appointed Jonathan Hughes as partner from re/insurance broker Aon. 18 October 2018
Alternative Risk Transfer
The risk transfer landscape is being transformed by consolidation and the idea that bigger and more diversity is better—particularly if access to alternative capital is involved. But, just like in real life, some recent marriages—especially those rushed into for the wrong reasons—may well end in divorce. Intelligent Insurer reports. 18 October 2018
Insurance
Re/insurer AXA XL has received authorisation from the Central Bank of Ireland (CBI) to move its principal EU insurance company, XL Insurance Company (XLICSE), from the UK to Dublin in response to Brexit uncertainty. 17 October 2018
Insurance
Insurance service provider Davies Group has acquired the claims business of Ardonagh-owned Direct Group while signing a long-term claims management deal with the UK-based insurance intermediary. 16 October 2018
Insurance
AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings, has appointed Ann Haugh as president of its global markets division, based in London, and Rob Smart as the head of Specialty Re. 16 October 2018
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