Articles

Insurance

AIG unveils global reinsurance business AIG Re under Marsh's Christopher Schaper

American International Group has consolidated its assumed reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty, to form one global business, called AIG Re.   20 June 2019

Insurance

AXA group CFO Gérald Harlin to leave after 29 years; triggers reshuffle

French insurer AXA has unveiled leadership changes that will take effect after the departure of its group chief financial officer (CFO) Gérald Harlin, who is leaving the company after 29 years.   20 June 2019

Insurance

Aspen hires Lloyd’s of London executive for global role

Bermuda-based Aspen Insurance Holdings has hired Lloyd’s executive Joshua Brekenfeld as director of global corporate development.   19 June 2019

Insurance

TRIA lapse in US could ‘end terrorism coverage’, warns APCIA’s Wienecke

The US government’s current Terrorism Risk Insurance Act (TRIA) must be reauthorised this year, even though the programme expires at the end of 2020, the American Property Casualty Insurance Association (APCIA) has warned.   19 June 2019

Insurance

R&Q boss Ken Randall steps down; co-founder Quilter and AM Best's Sellek appointed joint CEOs

Ken Randall will no longer serve as the group chief executive officer (CEO) of Randall & Quilter Investment Holdings (R&Q), and will hand over the reins to Alan Quilter, who co-founded the business with him in 1991.   19 June 2019

Alternative Risk Transfer

Twelve Capital to focus on own ILS funds in Europe following 'strong investor demand'

Twelve Capital, an independent investment manager specialising in insurance with approximately $4 billion in assets under management, is expanding its product range for insurance-linked securities (ILS) investors, including cat bonds, collateralised reinsurance and multi-asset offering, across its target markets in Europe.   19 June 2019

Insurance

Re/insurance blockchain service provider ChainThat to join BMA innovation hub

Insurtech ChainThat, a provider of blockchain solutions for the re/insurance industry, has gained approval to be the first company to join the Bermuda Monetary Authority (BMA) Innovation Hub.   19 June 2019

Insurance

AXA XL lands AIG's Klepper as CUO for short-tail insurance

AXA XL, the property & casualty and specialty risk division of AXA, has named AIG's Robert Klepper as chief underwriting officer (CUO) of short-tail insurance lines.   19 June 2019

Insurance

WR Berkley hires new president of professional liability insurance

Property/casualty insurer WR Berkley Corporation has appointed Daniel Spragg as president of Berkley Select, the company’s professional liability insurance unit.   19 June 2019

Alternative Risk Transfer

Nephila’s Schauble: weather protection market ‘like early days of cat ILS’

The development and growth of weather risk protection products, in response to increasing awareness of climate change, “feels like the early days of the catastrophe ILS market”, Nephila Climate chairman Barney Schauble has said.   18 June 2019

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