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Insurance
Insurers face AI liability issue
Artificial Intelligence (AI) agents will take over many decisions from humans in future, but they cannot legally be held liable for those decisions, creating new liability challenges to the insurance industry, according to a new report by Allianz.   22 March 2018
Insurance
Ascent appoints former Arch Europe CEO as non-exec chair
Managing general agent (MGA) Ascent Underwriting has appointed James Weatherstone as non-executive chairman.   22 March 2018
Insurance
Maiden unveils new insurtech innovation initiative
Bermuda-based Maiden Holdings has created an insurtech team to help customers identify emerging technology and leverage it to achieve their strategic goals.   22 March 2018
Insurance
Lloyd's hires US Northeast regional director from BMS
Lloyd’s, the specialist insurance and reinsurance market, has appointed Dawnmarie Black as US Northeast regional director.   21 March 2018
Insurance
Paraline hires GC Securities' managing director
Bermuda-domiciled insurance and reinsurance holding company Paraline has appointed Paul Rayner as active underwriter of Paraline Syndicate 4242 and SPA 6123.   21 March 2018
Reinsurance
Munich Re pins its hopes on digitisation – but also cuts costs
Munich Re expects its investments in digitisation, data and technology to become the major driver of future growth in its reinsurance operations. The German reinsurance giant sees digitisation as a means of moving the business closer to the end consumer while generating new technology-based products.   20 March 2018
Insurance
Lloyd’s issues electronic placement mandate
The Corporation of Lloyd’s is introducing a mandate for electronic placement following approval from the Lloyd’s board and council.   20 March 2018
Insurance
Aon Benfield appoints new Bermuda CEO, chairman in expansion move
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon, has unveiled a new management structure for its Bermuda team that includes new hires and expanded roles.   20 March 2018
Insurance
NZ earthquake commission raises cap limit
The New Zealand government is set to increase the cap limit on residential building earthquake cover (EQC) to $150,000 from previously $100,000.   20 March 2018
Insurance
Aon UK appoints new chief risk officer from JLT
Broker Aon UK has hired Matt Kimber as new chief risk officer (CRO) from Jardine Lloyd Thompson Group (JLT).   20 March 2018

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