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Australian Reinsurance Pool names new chair
The Australian government has appointed Ian Carson and Karen Payne to the Australian Reinsurance Pool Corporation (ARPC).   19 June 2017
Insurance
Insurtech Socotra secures $5.5m funding to modernise insurance technology
San Francisco-based Socotra, an insurtech startup and the creator of the first cloud-native insurance core platform, has raised $5.5 million in a Series A funding round with Silicon-Valley based technology investment firm 8VC.   25 September 2018
Insurance
Zurich EMEA CEO steps down, is replaced by AXA hire
Gary Shaughnessy, Zurich Insurance Group’s CEO Europe, Middle East & Africa (EMEA) is stepping down from his role and as a member of Zurich’s executive committee in the fourth quarter of 2018.   5 April 2018
Insurance
Tokio Marine Kiln appoints managing director for Asia
Specialist insurer Tokio Marine Kiln (TMK) has promoted Alex Dugand to regional managing director for Asia, reporting to CEO Charles Franks.   5 April 2018
Insurance
AmTrust divests further while posting Q3 loss
Specialty property/casualty insurer AmTrust Financial Services is further divesting assets to strengthen its capital position while reporting a loss for the third quarter.   9 November 2017
News
JLT Re bolsters North American leadership in expansion move
JLT Re North America, a subsidiary of Jardine Lloyd Thompson Group, has made three executive appointments to strengthen its business across the region.   4 April 2018
Insurance
Markel merges global, wholesale units under president Sanders
Specialty insurer Markel Corporation has combined its wholesale excess and surplus lines and global insurance complex, risk-managed accounts divisions to form a new insurance division named Markel Assurance.   8 June 2017
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
Positive reserve development helps RSA absorb £40m Ogden hit
UK insurer RSA incurred a net charge of around £40 million in the UK relating to the change in Ogden discount rate but was able to more than offset it through positive reserve development elsewhere in the group, the company said in its 2017 Q1 trading update.   4 May 2017
Insurance
AXA significantly outbid competitors in $15.3bn XL takeover
Bermuda-based property/casualty commercial lines re/insurer XL Group received other potential bids before sealing the deal with AXA, which agreed to pay significantly more than other suitors.   17 April 2018

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