Articles

Insurance

AIG unveils global reinsurance business AIG Re under Marsh's Christopher Schaper

American International Group has consolidated its assumed reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty, to form one global business, called AIG Re.   20 June 2019

Insurance

CCRIF expands cover and introduces new risk model for tropical cyclones and earthquakes

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has expanded its cover and brought in a new risk model for tropical cyclones and earthquakes as member governments in the region renewed and extended their policies for 2019/20.   19 June 2019

Insurance

Pay-as-you go insurtech Zego raises $42 million to fund European expansion

London-based insurtech Zego, a provider of pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, has raised $42 million Series B funding from investment firm Target Global, with other backers including TransferWise founder Taavet Hinrikus.   19 June 2019

Insurance

Aon partners with insurtech Hi Marley for AI-powered platform

Re/insurance broker Aon has formed a strategic alliance with insurtech firm Hi Marley to improve insurers’ customer engagement through an artificial intelligence-enabled messaging solution.   19 June 2019

Insurance

Aspen hires Lloyd’s of London executive for global role

Bermuda-based Aspen Insurance Holdings has hired Lloyd’s executive Joshua Brekenfeld as director of global corporate development.   19 June 2019

Insurance

TRIA lapse in US could ‘end terrorism coverage’, warns APCIA’s Wienecke

The US government’s current Terrorism Risk Insurance Act (TRIA) must be reauthorised this year, even though the programme expires at the end of 2020, the American Property Casualty Insurance Association (APCIA) has warned.   19 June 2019

Insurance

R&Q boss Ken Randall steps down; co-founder Quilter and AM Best's Sellek appointed joint CEOs

Ken Randall will no longer serve as the group chief executive officer (CEO) of Randall & Quilter Investment Holdings (R&Q), and will hand over the reins to Alan Quilter, who co-founded the business with him in 1991.   19 June 2019

Alternative Risk Transfer

Twelve Capital to focus on own ILS funds in Europe following 'strong investor demand'

Twelve Capital, an independent investment manager specialising in insurance with approximately $4 billion in assets under management, is expanding its product range for insurance-linked securities (ILS) investors, including cat bonds, collateralised reinsurance and multi-asset offering, across its target markets in Europe.   19 June 2019

Insurance

Re/insurance blockchain service provider ChainThat to join BMA innovation hub

Insurtech ChainThat, a provider of blockchain solutions for the re/insurance industry, has gained approval to be the first company to join the Bermuda Monetary Authority (BMA) Innovation Hub.   19 June 2019

Insurance

AXA XL lands AIG's Klepper as CUO for short-tail insurance

AXA XL, the property & casualty and specialty risk division of AXA, has named AIG's Robert Klepper as chief underwriting officer (CUO) of short-tail insurance lines.   19 June 2019

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