Articles

Insurance

Paul Jardine joins insurtech AkinovA's board

Former XL Catlin veteran Paul Jardine has joined the advisory board of insurtech startup AkinovA.   15 November 2018

Insurance

PartnerRe posts Q3 loss but enjoys solid growth

PartnerRe’s third quarter results were hit hard by losses from Typhoons Jebi and Trami and Hurricane Florence as well as losses on its investment portfolio though its CEO was upbeat as its non-life unit reported an underwriting profit in the first nine months of the year.   15 November 2018

Insurance

Marsh unveils new digital broker Bluestream

Broker Marsh has launched a cloud-based digital broker platform for the affinity market.   15 November 2018

Insurance

Brexit deal’s focus on equivalence ‘unfortunate’ for insurers and brokers

The chief executive of the London and International Insurance Brokers’ Association (LIIBA) has voiced concerns regarding the draft Brexit agreement reached by the UK and European Union.   15 November 2018

Insurance

AM Best downgrades Maiden Re following sale of US unit to Enstar

The financial strength ratings of Maiden Re and its US operating subsidiary Maiden Reinsurance North America have been downgraded to B++ from A- by AM Best in response to strategic changes at the company.   15 November 2018

Alternative Risk Transfer

Markel closes Nephila acquisition

Markel Corporation has completed its acquisition of Nephila Holdings, the biggest insurance-linked securities (ILS) manager in the world.   15 November 2018

Insurance

Cost savings boost NN Group’s Q3 results

Dutch insurer NN Group enjoyed an increase in its profits in the third quarter of 2018 partly boosted by further cost savings as a result of its 2017 acquisition of Delta Lloyd.   15 November 2018

Insurance

RSA restructures London market business, exits three lines as profits slump

RSA Insurance Group has revealed its plans to scale back London Market exposures and restructure its specialty and wholesale business following a strategic review of all of its portfolios.   14 November 2018

Insurance

Implementation of IFRS 17 delayed by one year

The International Accounting Standards Board (IASB) has voted to delay the implementation of IFRS 17 for one year to Jan. 1, 2022.   14 November 2018

News

SCOR’s Kessler predicts the end of dinosaurs

Citing Charles Darwin, SCOR CEO Denis Kessler believes that only the companies most responsive to change will survive in an increasingly complex and dynamic operating environment for reinsurers.   14 November 2018

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