Articles

Insurance

Marsh hires Aon and Howden senior executives for UK leadership roles

Broker Marsh has appointed two senior leaders from Aon and Howden in its UK real estate practice, which is a part of Marsh JLT Specialty and provides insurance and risk advisory services to real estate owners, operators, managers, and developers.   20 June 2019

Insurance

CCRIF expands cover and introduces new risk model for tropical cyclones and earthquakes

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has expanded its cover and brought in a new risk model for tropical cyclones and earthquakes as member governments in the region renewed and extended their policies for 2019/20.   19 June 2019

Insurance

Pay-as-you go insurtech Zego raises $42 million to fund European expansion

London-based insurtech Zego, a provider of pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, has raised $42 million Series B funding from investment firm Target Global, with other backers including TransferWise founder Taavet Hinrikus.   19 June 2019

Insurance

Aon partners with insurtech Hi Marley for AI-powered platform

Re/insurance broker Aon has formed a strategic alliance with insurtech firm Hi Marley to improve insurers’ customer engagement through an artificial intelligence-enabled messaging solution.   19 June 2019

News

Insurtechs that enable rather than disrupt see greater success: Indio CEO

Insurtechs have significantly improved the awareness and adoption of technology, although enablers have seen far greater success than the disruptors in the traditionally slow-moving insurance industry.   19 June 2019

Alternative Risk Transfer

PERILS acquires Canadian loss aggregator CatIQ in expansion move

Zurich-based catastrophe insurance data provider PERILS has acquired Canadian loss and exposure aggregation firm Catastrophe Indices & Quantification (CatIQ).   18 June 2019

Insurance

Willis Towers Watson hires EY's Sutcliffe to lead insurance investment solutions group

Broker Willis Towers Watson has appointed Gareth Sutcliffe as head of the Insurance Investment Solutions Group (IISG), which is part of the company’s insurance consulting and technology (ICT) UK life business.   18 June 2019

Insurance

S&P lifts Lloyd's outlook as capital position and underwriting performance improves

S&P Global Ratings has revised the outlook of Lloyd's of London and its core subsidiaries to stable from negative, following changes made by the specialist re/insurance market to improve its overall underwriting performance.   17 June 2019

Insurance

Swiss Re subsidiary ReAssure confirms IPO, expects LSE listing in July

ReAssure, a subsidiary of Swiss Re, has confirmed plans to undertake its initial public offering as per its announcement on the 7 June 2019.   14 June 2019

Insurance

Marine insurers face ‘cocktail of risk’ after Gulf of Oman tanker attacks

Attacks on two oil tankers in the Gulf of Oman on Thursday will force insurance underwriters to scrutinise voyages more closely with premium increases for vessels in the region a “near certainty”, an industry expert has said.   14 June 2019

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