Articles

Insurance

Brady replaces Fantozzi as sponsor for LM TOM delegated authority work

The London Market Target Operating Model (LM TOM) has confirmed Paul Brady, head of policyholder and third party oversight at Lloyd's, as the new sponsor for its delegated authority workstream.   20 August 2019

Insurance

Dramatic rise in fintech M&A and funding ramps up pressure on legacy firms: Hampleton Partners

Funding for fintech is rising at a dramatic pace with positive implications for insurtech developments ramping up pressure on legacy firms to compete, research suggests.   20 August 2019

Insurance

Devin Beresheim appointed executive vice president at Lockton Specialty Practices, replacing Brian Kawamoto

Lockton has appointed Devin Beresheim as executive vice president at its Lockton Specialty Practices, replacing Brian Kawamoto who retired last year.   20 August 2019

Insurance

MGA Avid sells majority stake to Beech Tree Private Equity to ‘fuel organic growth’

Specialist MGA Avid Insurance Services has sold a majority stake in the company to Beech Tree Private Equity (BTPE).   20 August 2019

Insurance

Guy Carpenter becomes ‘sole’ reinsurance intermediary for CEA California Wildfire Fund

The California Earthquake Authority (CEA) has appointed Guy Carpenter as sole reinsurance intermediary for its recently created California Wildfire Fund to develop a risk transfer and reinsurance strategy.   20 August 2019

Insurance

Saudi Re enjoys big increase in profits in first half of year

Saudi Reinsurance Company (Saudi Re) enjoyed a big increase in its profits in the first half of the year.   19 August 2019

Insurance

Re/insurers struggling with California wildfire risk despite rate hikes: S&P

The market for re/insuring California wildfire risk remain in disarray with no consensus on what constitutes adequate rates and little comfort with the risk despite substantial updates to wildfire risk models.   19 August 2019

Insurance

S&P praises improved underwriting discipline of Asia Capital Re

Asia Capital Re has improved its underwriting discipline and is in good shape to achieve stable growth over the next two years, according to rating agency S&P Global Ratings (S&P), which has affirmed the reinsurer’s financial strength rating at ‘A-’, and maintained its outlook for the Singapore-headquartered reinsurer at ‘Stable’.   19 August 2019

Insurance

Aon appoints Magee as UK chairman of its reinsurance business

Broker Aon has appointed a new UK chairman of its reinsurance business.   19 August 2019

Insurance

Aspen swings to $37.3m loss in first half of 2019

Bermuda-based Aspen Insurance Holdings suffered a net loss of $37.3 million in the first half of 2019, dropping from a net income of $16.1 million it made in the same period last year.   16 August 2019

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