Articles

Insurance

Expanding Charles Taylor posts solid results; ex-Kiln boss becomes chairman

Insurance services firm Charles Taylor posted a strong set of the results for the first half of 2015, a period of several strategic landmarks for the company, and also revealed a change of management at the end of the year.   28 August 2015

Insurance

A firm hand on innovation

The pharmaceutical and life sciences sector can be volatile and potentially devastating for insurers, but the industry must continue to innovate and smooth out the bumps, as Mark Wood, president & CEO, LifeScienceRisk, a subsidiary of RSGUM Healthcare, explains to Intelligent Insurer.   3 August 2015

Insurance

Marine cargo insurers face reduced premium due to difficult market conditions

A strong US dollar and falling cargo values are the main reasons for the 9 percent reduction in global cargo premiums from 2014 to 2015, according to Nick Derrick, cargo committee chairman for the International Union of Marine Insurance (IUMI).   21 September 2016

Insurance

MUM CEO named as board director of MGAA

The Managing General Agents’ Association (MGAA) has elected Charles Manchester, chief executive officer of Manchester Underwriting Management (MUM), as a new board director.   3 March 2016

Insurance

Allianz reshuffles AGCS board as Scheffel retires

Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) is making changes to its management board as chief regions and markets officer, Carsten Scheffel retires at the end of June, 2018.   18 December 2017

Insurance

ANV appoints head for new non-marine line

ANV Holdings has appointed a head underwriter to lead its new excess non-marine liability line.   17 October 2014

Insurance

Brit’s profit rises in 2016 despite rate deterioration

Specialty re/insurer Brit reported a profit after tax of $157.6 million compared to $15.6 million in 2015 despite experiencing further rate deterioration.   17 February 2017

Insurance

Up to 40% of some insurers’ revenues at risk from insurtech

Between 30 percent and 40 percent of some insurers’ revenues are at risk from the threat being created by Insurtech embracing technological innovations including data, robotics and artificial intelligence (AI), according to Paul Williams, executive chairman of insurtech company JRW Group.   4 July 2017

Insurance

Insurers must reduce risks to customers’ data, claims start-up founder

Matt Hodges-Long, founder of insurtech start-up TrackMyRisks, has warned insurers to stop sending email attachments and start sharing information with their customers instead.   26 September 2017

News

JLT acquires Towers Watson’s reinsurance business

Jardine Lloyd Thompson Group (JLT) will acquire the reinsurance brokerage business of Towers Watson for a cash consideration of $250 million (£156 million).   20 September 2013

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