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While reinsurers and brokers discuss the return of a market cycle most buyers just want a quiet life with no surprises—assuming they don’t feel underinsured in light of the recent hurricanes or cyber losses that have the potential to cause them sleepless nights. Intelligent Insurer reports. 18 October 2017
Insurance
The insurtech revolution is already challenging re/insurers, but those who feel they were on the front foot may not have contended with the possibility that change could be much more fundamental than they realised. Paul Cuatrecasas, an expert in acquiring technology companies, tells Intelligent Insurer more. 18 October 2017
Insurance
Oil and gas companies are increasingly under threat from cyber attack, yet few of them have adequate protection in place to reduce this threat. A new generation of insurance products is being designed to meet these complex challenges, writes Dominick Hoare, chief underwriting officer, Munich Re Syndicate. 18 October 2017
Insurance
Specialty insurance provider Assurant and warranty solutions provider The Warranty Group, a portfolio company of TPG Capital, have entered into a definitive agreement to merge operations. 18 October 2017
Insurance
Bermuda-based AXIS Capital Holdings said on Oct. 18 that Novae will adopt the AXIS brand and its insurance business will be merged into AXIS’ international insurance division, led by its CEO, Mark Gregory, who reports to Pete Wilson, CEO of AXIS Insurance. 18 October 2017
Insurance
American International Group (AIG) said on Oct. 18 that it has partnered with United Airlines to offer its travel insurance products and services on the airline’s website and mobile app. 18 October 2017
Insurance
Insurance brokerage and risk management firm Arthur J Gallagher has hired mining specialist Stuart Hill as a director to strengthen its global mining and property capabilities. 18 October 2017
Insurance
Earlier this year, Vibe MGA Management was the latest managing general agent incubator to be launched in the London Market. Danny Maleary, its CEO, explained its aims, ambitions and international outlook to Intelligent Insurer. 17 October 2017
Insurance
Risk-based pricing of flood risk with the private market playing a prominent role in managing and insuring this risk represents the only sustainable solution that can remove the burden from the US taxpayer in the long term, Eric Andersen, chief executive of Aon Benfield, told PCI Today. 17 October 2017
Insurance
Re/insurers and brokers are realising the value of partnering with a strategic managed services provider to keep abreast of new developments in catastrophe and exposure management, as Monalisa Samal and Puneet Bajpai of Xceedance tell PCI Today. 17 October 2017
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