Articles
Insurance
Re/insurance broker Aon has launched an IFRS 17 (International Financial Reporting Standard) solution on its capital modelling platform to help insurers fulfil their reporting obligations. 8 July 2019
Insurance
UK government-backed terrorism reinsurer Pool Re has placed its new retrocession programme covering non-damage business interruption (NDBI) losses. 8 July 2019
Insurance
Insurance veteran Stephen Catlin and Paul Brand's newly launched specialty re/insurer Convex Group has signed a long-term strategic contract with WNS Holdings to build what it describes as a first-of-its-kind, integrated "Platform + BPM (business process management) as-a-service” proposition across industry horizontals, including support services relating to operations for insurance, reinsurance, claims, finance and human resource. 8 July 2019
Insurance
Specialty re/insurer Brit has appointed James Patterson and Ryan Mimmo as vice president, cyber & technology, for Brit Global Specialty USA (BGSU). 8 July 2019
Insurance
Allianz Group is launched a new strategy to address cyber risks in commercial, corporate, and specialty insurance policies of its property & casualty (P&C) companies, and has established a new center of competence to lead the initiative. 5 July 2019
Insurance
Korean Re’s reinsurance subsidiary in Switzerland, which opened on 1 June 2019, has achieved an ‘A’ rating from S&P Global Ratings. 5 July 2019
Insurance
Insurance and reinsurance marketplace Lloyd’s has mandated that from 1 January 2020 all insurers are required to provide clarity about cyber coverage by either excluding or providing affirmative coverage. 5 July 2019
Insurance
Specialist insurer Markel International has appointed Keith Paul as senior underwriter in its trade credit and political risk team in Dubai. 5 July 2019
Insurance
Allianz Insurance has appointed David Harris as its new regional motor underwriting manager for UK Midlands and the South West region. 5 July 2019
Insurance
Ridgecrest, in Kern County, California, has been hit by a 6.4 magnitude earthquake, prompting the California Earthquake Authority (CEA) to state that around 2,000 policyholders in the affected area who have seen damage to their property as a result “would be considered well within CEA’s claim-paying capacity for covered claims”. 5 July 2019
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