Articles
Insurance
Zurich-based reinsurer Swiss Re has suspended its previously announced initial public offering (IPO) of UK closed life book business ReAssure citing weak investor demand and market conditions. 11 July 2019
Insurance
The economic cost of a record breaking heatwave, severe storms and flooding in Europe in June 2019 is expected to exceed €1.774 billion (US$2 billion), according to Aon’s monthly Global Catastrophe Recap report. 11 July 2019
Insurance
London-based EC3 Brokers has appointed James Norris as chief actuary and Terry Holley as senior vice president in the US. 11 July 2019
Insurance
Cryptocurrencies such as bitcoin could play a significant role in reshaping and strengthening the UK’s financial services sector post-Brexit, according to the CEO and founder of deVere Nigel Green. 10 July 2019
Insurance
Global reinsurance capital markets recovered in Q1 2019, increasing by 3 percent to US$605 billion over the three months to March 31, 2019 up from US$585 billion at 2018 year end, according to Aon’s latest reinsurance market outlook. 10 July 2019
Insurance
US-based insurer Assurant has expanded its reinsurance protection, while lowering its per-event retention from $120 million in 2018 to $80 million, as it looks to reduce its catastrophe exposure and boost earnings in 2019. 10 July 2019
Insurance
Following a successful run in the US, SkyWatch.AI, an on-demand telematics-based insurance platform for commercial drones, has launched in the UK. 9 July 2019
Insurance
MGA Gresham Underwriting has launched a sports and social clubs sector product that enables brokers to place business direct with the underwriter rather than act as a sub-broker that can face high commission costs. 9 July 2019
Insurance
Neil McConachie, the former co-founder and chief financial officer of Bermuda-based Fidelis Insurance, has stepped down from the board of Third Point Reinsurance. 9 July 2019
Insurance
Willis Re clients can now access support to write and price wildfire risk more accurately, as the reinsurance division of Willis Towers Watson has started offering a “location level wildfire risk” service. 9 July 2019
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