Articles

Insurance

'Cyber risk is now a mainstream risk,' says Allianz as it launches new strategy

Allianz Group is launched a new strategy to address cyber risks in commercial, corporate, and specialty insurance policies of its property & casualty (P&C) companies, and has established a new center of competence to lead the initiative.   5 July 2019

Insurance

Blockchain used on marine insurance deal for first time

Willis Towers Watson claims to have completed the first blockchain transaction for marine insurance in a first for that sector.   6 June 2018

Insurance

Privately-owned Lockton Re is reaping the rewards of offering a real alternative

As consolidation reduces the choice of reinsurance brokers, privately-owned Lockton is reaping the rewards of offering a real alternative and is enjoying strong growth as a result, the firm’s Mark Waterkeyn tells Baden-Baden Today.   23 October 2018

Insurance

Lockton hires Gallagher and Willis execs in regional growth strategy

Re/insurance broker Lockton has hired senior Gallagher and Willis executives as it it looks to grow its presence across the North of England and Midlands.   24 May 2019

Insurance

Rapidly growing ILS market hits $93bn in 2018

The ILS market grew to $93bn of outstanding non-life capital in 2018, suggesting the market is in good health despite a quieter final quarter, according to the latest report from Willis Re.   29 January 2019

Insurance

Willis Canada appoints Marsh exec as CEO

Willis North America has appointed Brian Parsons as national partner and chief executive officer (CEO) of Willis Canada.   8 October 2014

Insurance

Lloyd’s ‘has overreacted to 2017 losses’: Papworth

The reinsurance market must accept that buyers won’t pay a higher price and instead focus on increasing efficiencies in how business is transacted, Michael Papworth, head of Asia and property & casualty at Miller, told Monte Carlo Today.   12 September 2018

Insurance

AIG buys stake in US MGA

American International Group (AIG) is set to acquire a controlling stake in NSM Insurance Group, through a non-operating holding company, NSM Investments.   17 March 2015

Insurance

EC3\Legal promotes former BRIT exec

UK law firm EC3\Legal has appointed Ian D’Castro as a partner in direct response to growth in the insurance sector.   26 September 2014

Insurance

AXA acquires XL Group in $15.3bn deal

French insurer AXA is acquiring Bermuda-based property/casualty commercial lines re/insurer XL Group for $15.3 billion (€12.4 billion) in cash.   5 March 2018

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