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Insurance
Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has bolstered its professional liability group with three new members who join from Sompo, Navigators and TMR. 4 June 2019
Insurance
An acceleration in the take-up of technology can be expected “in the next five years” as more insurance industry executives recognise the value it can provide, said Steve Cloutman, managing director at advanced analytics company Ventiv Technology. 4 June 2019
Insurance
As captives have become an increasingly important part of a risk manager’s toolkit, UK-based risk management association Airmic has refocused its energies on promoting the sector and offering new research and opportunities for its members. 4 June 2019
Alternative Risk Transfer
French reinsurer SCOR has returned to the London market for its latest $250 million catastrophe bond to protect itself against losses from named storms and earthquakes in the US and Canada, and windstorms in Europe. 3 June 2019
Insurance
Zurich Insurance Group has completed the acquisition of ANZ’s life insurance business OnePath Life in Australia for A$2.85 billion ($2 billion), becoming the country’s largest retail life insurer. 3 June 2019
Insurance
Rating agency AM Best has revised the outlook of Cayman Islands-based reinsurer Greenlight Capital Re to negative from stable, expressing concern over its "negative underwriting performance". 3 June 2019
Insurance
Tasker Insurance Group (TIG) has acquired specialist broker Hobbs Broking (Hobbs Associates) as part of strategy to further accelerate its growth plans. 3 June 2019
Insurance
Universal Property & Casualty Insurance Company (UPCIC) has expanded the top of its reinsurance tower for a single Florida event to $3.28 billion (an increase of $134 million) as part of Universal Insurance Holdings’ 2019-2020 reinsurance programmes, effective June 1, 2019. 3 June 2019
Insurance
The Airmic conference organisers have devised an innovative way to garner opinions from attendees at the annual event in Harrogate this week: installing a coin voting booth that delegates will be encouraged to use during the event to inform the organisers of their sentiments on some key issues. 3 June 2019
Insurance
As global, interconnected risk becomes a reality, reputational risk is rising and business confidence is on the slide, according to a new survey by CNA Hardy. 3 June 2019
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