Articles

Insurance

Japan floods cause extensive destruction, business interruption

Historic rainfall that hit Japan between June 29 and July 8 has damaged or destroyed nearly 12,000 homes and public structures while washing away portions of roadways and bridges and disrupting industrial production, according to the Aon Cat Alert report.   10 July 2018

Insurance

Insurtech OnRisk forms strategic alliance with Lloyd's broker AFL

US-based insurtech startup OnRisk has formed a strategic partnership with independent Lloyd's broker AFL to develop new technology for structuring and placing property & casualty (P&C) risk.   10 July 2018

Insurance

SCOR reorganises London Market specialty business

SCOR Global P&C is consolidating its specialty insurance platform in the London Market as a single business platform.   9 July 2018

Insurance

AXA appoints new UK, Ireland CEO as Blanc departs

French insurer AXA Group has appointed Claudio Gienal as new CEO of AXA UK and Ireland, replacing Amanda Blanc.   9 July 2018

Insurance

Marsh taps Accenture exec as global head of cyber risk consulting

Insurance broker Marsh has appointed Kevin Richards to a newly created role of global head of cyber risk consulting.   9 July 2018

Insurance

McLarens opens Perth office with key hire

McLarens, a global loss adjuster specialising in complex and commercial claims, has expanded its property loss adjusting division with an office in Perth, Australia while appointing Desmond Lee as executive loss adjuster.   9 July 2018

Insurance

US cyber insurance premiums up 37%

The US cyber insurance premiums expanded 37 percent year on year to $1.84 billion in 2017, according to Aon’s US Cyber Market Update report.   9 July 2018

News

Earnings volatility concerns drive reinsurance buying

Reinsurance is used increasingly for earnings protection and volatility reduction by insurers whose purchasing is guided by “risk appetite statements” deployed to optimize capital management and profitability targets, according to a survey of insurers by Willis Towers Watson.   9 July 2018

Alternative Risk Transfer

Horseshoe appoints new London head from MS Amlin for ILS boost

Bermuda-based Horseshoe Group has appointed Jean-Bernard Crozet as senior vice president – advisory services and head of London office.   9 July 2018

Insurance

More than 100 die in record floods in Japan

At least 100 people have died in Japan as record rainfall caused flooding and landslides in western Japan, according to news reports.   9 July 2018

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