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Insurance
AI-powered insurtech firm Lemonade Insurance Company is planning to create open source policies with an aim to make them simple, approachable, relevant, and digital, according to CEO and co-founder Daniel Schreiber. 16 May 2018
Insurance
The low interest rate environment is leading to a “search-for-yield behaviour” of insurers and an increasing transfer of risks to policyholders, the chairman of the European Insurance and Occupational Pensions Authority (EIOPA), Gabriel Bernardino, warns in a Nov. 22 speech in Frankfurt. 22 November 2017
Insurance
American International Group (AIG) has appointed Cindy Leggett-Flynn as senior vice president and chief communications officer. 23 August 2016
Insurance
Property/casualty insurer Chubb has appointed Tracey Laws as senior vice president, general counsel, global government and industry affairs. 11 December 2017
Alternative Risk Transfer
Markel Corporation is to acquire Nephila Holdings in a deal that will create an entity with assets under management between Nephila and Markel CATCo of some $19 billion. 31 August 2018
Insurance
Insured losses for Hurricane Harvey are estimated at approximately $650 million pre-tax, and Irma estimated from $800 million to $950 million, according to preliminary loss estimates from Chubb. 28 September 2017
Insurance
Lycetts, a UK-based insurance broker and financial services provider, has appointed Charles Foster as its new chief executive officer. 17 November 2017
Insurance
Broker Jardine Lloyd Thompson Group (JLT) has acquired US-based trade credit and political risk broker International Risk Consultants (IRC) to further strengthen its US specialty business. 1 March 2018
Insurance
Legal expenses insurer Elite Insurance said July 5 that it is ceasing to write new business. Elite offered legal expenses insurance, professional indemnity insurance and general insurance. 5 July 2017
News
Germany-based Munich Re has appointed Maximilian Zimmerer to its supervisory board, succeeding Peter Gruss who has resigned from the position with effect from June 30, 2017. 5 July 2017
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