Articles

Insurance

IRB Brasil Re to become first Latin American stakeholder in blockchain insurance initiative B3i

Brazil's major reinsurer IRB Brasil Re is set to acquire an 8.93 percent stake in the blockchain insurance industry initiative B3i Services for €3.5 million.   8 August 2019

Insurance

Travelers names new co-chief investment officers

Property/casualty insurer Travelers Companies has appointed David Rowland and Daniel Yin to executive vice president and co-chief investment officer, effective immediately.   8 August 2019

Alternative Risk Transfer

ILS market growth second-slowest in eight years in Q2 2019: Willis Re

The insurance-linked securities (ILS) market declined year-on-year in the second quarter of 2019, making it the second-lowest Q2 for issuance by volume in the past eight years, except for 2016.   7 August 2019

Insurance

Markel hires ex-AXIS John Lecci to lead US professional errors & omissions

Specialist insurer Markel Corporation has named John Lecci as senior director of professional liability. He will be heading up the New York-based US professional errors & omissions team.   7 August 2019

Insurance

New insurtech Previsico sets out to make 'big impact' with new flood prediction solution using big data

Previsico, an insurtech spin-out of the Loughborough University specialising in flash flood forecasting technology, is launching into the insurance sector following a seed funding round.   7 August 2019

Insurance

Beazley adds CNA, Chubb and Hartford cyber & tech underwriters in US

Specialist insurer Beazley has appointed three new underwriters from CNA, Chubb and The Hartford to its US cyber & technology team that the company claims has grown by 25 percent in the past two years.   7 August 2019

Insurance

Munich Re chairman Wenning ‘delighted’ by ‘highest’ Q2 result in four years

Munich Re described its consolidated results for the first half-year of 2019 as “gratifying” and pointed to “a very good underwriting result in property-casualty reinsurance in the second quarter” as part of the reason.   7 August 2019

Insurance

Munich Re seeks to revolutionise hurricane response with automated damage detection tools

Munich Re has launched a new suite of automated damage detection tools designed to "revolutionise" the insurer's ability to respond to hurricane events.   7 August 2019

Insurance

Sedgwick acquires Nordic Loss Adjusting in expansion move

Technology-driven risk solutions provider Sedgwick has acquired Nordic Loss Adjusting (NLA) and related entities in order to strengthen its presence in the Nordic region.   7 August 2019

Insurance

Fidelis reshuffles Ireland leadership as CEO/CUO Lyons departs

Bermuda-based Fidelis Insurance has appointed Robert Kelly to the post of chief executive officer and Simon Crone to chief underwriting officer of Fidelis Insurance Ireland DAC (FIID).   7 August 2019

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