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Insurance

Drone insurance start-up SkyWatch.AI launches in UK with policies written by Chaucer

Following a successful run in the US, SkyWatch.AI, an on-demand telematics-based insurance platform for commercial drones, has launched in the UK.   9 July 2019

Insurance

Neil McConachie resigns from Third Point Re board

Neil McConachie, the former co-founder and chief financial officer of Bermuda-based Fidelis Insurance, has stepped down from the board of Third Point Reinsurance.   9 July 2019

Insurance

Mapfre and China Re to collaborate on insuring investments for China’s BRI infrastructure project

Spanish insurer Mapfre and reinsurer China Re have agreed to collaborate on insuring investments related to the Chinese government’s huge infrastructure plan, the Belt and Road Initiative (BRI), which launched in 2013 and was designed to connect China with the world’s major economies.   9 July 2019

Insurance

Willis Re partnership evolves ‘wildfire risk score’ to raise insurance industry accuracy

Willis Re clients can now access support to write and price wildfire risk more accurately, as the reinsurance division of Willis Towers Watson has started offering a “location level wildfire risk” service.   9 July 2019

Insurance

WR Berkley hires former Navigators reinsurance COO Daniel Westcott

Property/casualty insurer WR Berkley Corporation has appointed Daniel Westcott as new president of its Berkley Re America unit.   9 July 2019

Insurance

Proposals from UK’s Flood Re could mean more money to ‘build back better’

Flood Re, a joint initiative between the UK government and insurers, has made key proposals that would see it work with insurers to help claimants “build back better” by permitting the payment of claims to include an additional amount for resilient or resistant repair, “above and beyond the original damage”.   8 July 2019

Insurance

AXA elevates Howliston to UK commercial lines leadership role

Re/insurer AXA has appointed Joanne Howliston as regional director, commercial lines, for UK's North region.   8 July 2019

Insurance

US insurance rates up 50% in hard hit catastrophe areas: MGA MarketScout

Personal lines rates for US homes are up in all locations but “Florida and California are getting hit the hardest,'' according to US MGA and wholesale broker MarketScout.   8 July 2019

Insurance

Fairfax's RiverStone acquires third-party administrator Rockville

Fairfax-owned insurance run-off management company RiverStone has acquired New York-based third-party administrator and loss adjuster Rockville.   8 July 2019

Insurance

Liberty names new Bermuda CFO and head of claims

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has named Steven Beadle as chief financial officer (CFO) and Chen Foley as head of Bermuda claims.   8 July 2019

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