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Munich Re shares data secrets
Insurance
Risk managers wondering how underwriters use their data to rate and review risks—and then set their rates—were given a behind-the-scenes look at how Munich Re does it, although Airmic 2019 workshop leader James Cleaver, a corporate insurance partner at the German firm, was careful not to give away all the reinsurer’s secrets.   5 June 2019
Gallagher snaps up Australian broker The Protectors Group
Insurance
Insurance brokerage and risk management firm Arthur J Gallagher has acquired The Protectors Group (TPG), an Australian retail broker specialising in construction, hospitality and transport coverage for commercial and corporate clients in Greater Western Sydney.   4 June 2019
Marsh partners with insurtech VC fund Eos on real-time risk management solution
Insurance
Specialist venture capital fund Eos has partnered with broker Marsh to develop innovative insurtech solutions that will deliver 'actionable intelligence' to drive real-time risk management within the insurance marketplace.   4 June 2019
Insurance
US property/casualty (P/C) insurers are well placed to weather the landfall of a significant storm in the 2019 hurricane season despite experiencing elevated catastrophe losses in the recent years, according to Fitch Ratings.   4 June 2019
Insurance
Markel Corporation has appointed James Proferes as executive underwriting officer for global professional liability.   4 June 2019
Alternative Risk Transfer
Bermuda-based White Mountains Insurance Group has acquired a minority equity stake in Elementum Advisors, an insurance-linked securities (ILS) manager with over $4 billion of assets under management.   4 June 2019
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

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