Articles

Insurance

Insurtech VC firm IA Capital Group raises $150m

Insurtech-focused venture capital firm IA Capital Group has raised $150 million across its three funds focusing on property/casualty, life/annuity/retirement, and later-stage fintech opportunities.   3 April 2019

Insurance

CLS Risk to ‘wake sleeping giant’ with renewables permit challenge insurance

CLS Risk Solutions (CLS), a provider of property and renewables development risk cover, has launched permit challenge insurance for renewable energy infrastructure.   3 April 2019

Insurance

Allianz names new motor damage strategy manager

Allianz Insurance has appointed Nick Rossiter to the position of motor damage strategy manager, following the retirement of Stuart Munro.   2 April 2019

Alternative Risk Transfer

Former New Ocean CEO McKeown departs AXA XL; re/insurer eyes ILS growth

Re/insurer AXA XL has revealed that Chris McKeown, the former CEO of New Ocean Capital Management, has stepped down from his role as vice chairman to pursue other interests outside the company.   2 April 2019

Insurance

AIG appoints Wells Fargo's Baich as chief information security officer

American International Group (AIG) has appointed Rich Baich as senior vice president, chief information security officer.   2 April 2019

Insurance

MMC and JLT merger completes, Guy Carpenter highlights tech and risk changes

As Marsh & McLennan, Guy Carpenter’s parent company, finalised its acquisition of Jardine Lloyd Thompson (JLT) today, Guy Carpenter’s Peter Hearn, president and CEO, and Ross Howard, vice chairman emphasised their focus on technology and how it will change the nature of risk.   1 April 2019

Insurance

AM Best sees ‘negative outlook’ for 2019 UK non-life insurance market

AM Best has maintained a “negative outlook” for the UK non-life insurance market as it is buffeted by economic and political uncertainty caused largely by Brexit.   29 March 2019

Insurance

Fannie Mae completes $11.7bn multifamily mortgage risk transaction

Fannie Mae, the US government-backed financial institution that provides liquidity to the US mortgage markets by buying mortgages from lenders, has completed a multi-tranche credit insurance risk transfer (CIRT) transaction that covers a pool of $11.7 billion of multifamily loans.   28 March 2019

Insurance

Aon hires new EMEA chair for M&A and transaction solutions business from Marsh

Re/insurance broker Aon has appointed Edwin Charnaud as EMEA chairman for its M&A and transaction solutions business.   28 March 2019

Insurance

Lloyd’s turnaround gains ground as ‘evolution’ unveiled with 2018 results

Market digitalisation and the launch of the “Brexit-proof” Lloyd’s Brussels subsidiary were highlighted as ongoing initiatives that could help the specialist re/insurance market continue to turn around its performance, after CEO John Neal described the 2018 annual results as “not of the standard that we would expect”.   27 March 2019

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