Articles

Alternative Risk Transfer

ILS activity jumps 54% YOY following 2017 hurricanes

The first quarter of 2018 was the strongest quarter in terms of insurance-linked securities (ILS) issuance since 2009 despite significant catastrophe losses in 2017 from hurricanes Harvey, Irma and Maria, according to the September edition of the Bermuda ILS Market Report.   3 October 2018

Insurance

AXA XL partners with insurtech Parsyl for marine offering

Re/insurer AXA XL has partnered with Denver, Colorado-based supply chain data platform Parsyl to offer enhanced marine risk prevention services.   3 October 2018

Insurance

Marsh to launch blockchain solution for gig economy

Broker Marsh is developing what it describes as the first blockchain-based verification solution for clients in the sharing and gig economies, in partnership with Evident.   3 October 2018

Insurance

Liberty boosts specie capacity globally

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has increased its capacity for fine art and specie risks to $250 million globally.   3 October 2018

Insurance

Investor pressures RenRe to seek a buyer

TimesSquare Capital Management, an institutional asset management firm with a significant stake in RenaissanceRe Holdings is suggesting that the Bermuda-based reinsurer should explore a potential sale of the company.   2 October 2018

Insurance

Outgoing Aspen CEO suggests senior management can stay

Aspen CEO Christopher O’Kane suggested that senior management will be allowed to stay as he is replaced with Brit chairman Mark Cloutier when Apollo takes control.   2 October 2018

Insurance

Liberty boosts financial institutions unit with Sompo, AXIS hires

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has strengthened its London-based financial institutions (FI) team with a series of new appointments.   2 October 2018

Insurance

Ascent poaches head of cyber from Brit

Ascent Underwriting, a London-based cyber and specialty lines MGA, has hired a new head of cyber from Brit Insurance.   2 October 2018

Insurance

Tokio Marine invests in Allianz-backed insurtech Simplesurance

Tokio Marine Holdings has made a strategic investment in German insurtech firm Simplesurance (SISU) through its wholly owned subsidiary, Tokio Marine & Nichido Fire Insurance.   2 October 2018

Insurance

Brit chairman to become Aspen CEO

Brit’s executive chairman Mark Cloutier is stepping down from his role in December 2018 with a view to becoming Aspen CEO.   1 October 2018

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