Articles

Insurance

Munich Re seeks 'digital transformation' with Coupa partnership

German reinsurer Munich Re has partnered with business spend management (BSM) provider Coupa Software to transform its procurement and related processes with its first global source-to-pay system.   21 February 2019

Insurance

Health data start-up HumanAPI attracts $10m investment from SCOR and Guardian Life

French reinsurer SCOR has made a strategic investment in California-based health data start-up HumanAPI.   21 February 2019

Insurance

Apax sells AssuredPartners to original owner GTCR Group

London-based private equity firm Apax Partners is selling its entire stake in property/casualty broker AssuredPartners to an investor group led by Chicago-based PE firm GTCR.   21 February 2019

Insurance

THB hires CFO from Gallagher and names chair

Specialist re/insurance broker THB Group has appointed Kay Smith as group chief financial officer, replacing Rob Wilkinson, who will become commercial director.   21 February 2019

Insurance

Arch hires chief risk officer from Gen Re

Bermuda-based Arch Capital Group has appointed Janice Englesbe as senior vice president and chief risk officer (CRO).   21 February 2019

Insurance

AXA profit plummets by 66% in 2018 after IPO, nat cat costs

French insurer AXA has seen its full-year 2018 net income fall sharply by 66 percent due to exceptional charges linked to its US unit's initial public offering (IPO) and higher natural catastrophes.   21 February 2019

Insurance

Swiss Re posts solid 2018 results despite cats; Mumenthaler anticipates rate hikes

Some $3 billion of large claims from natural catastrophes and man-made losses battered Swiss Re’s 2018 results but the reinsurer still posted a decent profit and increased its gross written premiums by some 5 percent.   21 February 2019

Insurance

Incidents of sextortion grow as cyber crime booms: Beazley Breach Response

Incidents of so-called sextortion, whereby criminals attempt to extort money from users of pornographic websites, are increasingly rapidly, according to Beazley Breach Response (BBR) Services, which said a growing number of commercial clients were targeted by this in the fourth quarter of last year.   21 February 2019

Insurance

Alleghany’s 2018 results show firm ‘not immune’ from cat losses

Alleghany Corporation’s president and CEO admitted the firm was “not immune” from above average catastrophe losses in 2018 as he announced the 2018 year end results.   21 February 2019

Insurance

Swiss Re hires Bronder from T-Systems to replace Wellauer as COO

Swiss Re has revealed that it has hired an executive from a Germany IT and consulting company to take over as chief operating officer in July. The reinsurer said the move is designed to strengthen its expertise in technology and digital transformation.   21 February 2019

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