Articles

Insurance

Chubb to stop insuring, investing in coal amid climate concerns

Property/casualty insurer Chubb is the latest major insurer to stop underwriting and investing in coal-related policies amid rising climate concerns.   2 July 2019

Alternative Risk Transfer

Liberty Mutual renews Limestone Re sidecar at $240m despite 'challenging ILS market'

US insurer Liberty Mutual has renewed its Bermuda domiciled reinsurance sidecar Limestone Re at approximately $240 million, an overall lower target size than last year's $278 million due to a "revised portfolio composition".   2 July 2019

Insurance

Greenlight Re invests in travel insurance MGA Battleface

Cayman Islands-based reinsurer Greenlight Capital Re has made a strategic investment in travel medical insurance managing general agent Battleface.   2 July 2019

Insurance

Alleghany appoints Jacobs as new CFO and Sennott as CapSpecialty CEO

Alleghany Corporation has appointed Jack Sennott as chairman, chief executive officer and president of its wholly-owned subsidiary CapSpecialty, an underwriter of commercial property, casualty and surety insurance coverages.   2 July 2019

Insurance

Miller swoops on Skuld's Simon Neale for energy facultative reinsurance unit

Re/insurance broker Miller has hired broker/producer Simon Neale to further grow its global energy facultative reinsurance offering.   2 July 2019

Insurance

Markel launches new cyber cover for businesses of all sizes

Specialist insurer Markel International has launched a new cyber policy that claims to provide insureds with all round protection against cyber risks - before, during and after a cyber attack.   2 July 2019

Insurance

Aon teams up with Oxfam, insurtech Etherisc on blockchain-based agricultural insurance

Re/insurance broker Aon has partnered with non-profit organisation Oxfam and insurtech start-up Etherisc to launch a blockchain-based agricultural insurance platform for smallholder farmers in Sri Lanka.   1 July 2019

Insurance

MGA capacity set to grow but carriers split on direction of travel, finds Clyde & Co survey

Fourth fifths (80 percent) of carriers expect to increase MGA capacity in 2019, according to a survey of more than 100 insurers and MGAs conducted by global law firm Clyde & Co.   1 July 2019

Insurance

Lloyd's shuffles EMEA leadership in growth push

Specialist re/insurance market Lloyd's has made several new appointments to grow its presence across the Europe, the Middle East and Africa (EMEA) region.   1 July 2019

Insurance

BGC swoops on Willis global head of broking to lead new aerospace intermediary

BGC Insurance Group (BGCI), a division of global brokerage firm BGC Partners which owns Ed and Besso, has hired Willis' Philip Smaje as chief executive officer (CEO) of its new global aviation and aerospace re/insurance intermediary.   1 July 2019

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