Articles
Insurance
Allianz Global Corporate Specialty has partnered with POP Insurance Holdings, an Australia-based specialist insurance group, to launch a new managing general agent (MGA) focused on mergers & acquisitions transactions across the Asia Pacific region. 4 January 2019
News
QBE’s UK operations have started using artificial intelligence to help its underwriters make better decisions when selecting and pricing risks, something it claims also allows its UK customers to purchase cover more quickly and effectively. 3 January 2019
News
Insurance Australia Group (IAG), which buys one of the biggest catastrophe reinsurance programmes in the world, has again increased the size of its programme to buy some A$9 billion ($6.3 billion) of coverage for 2019 - A$1 billion more than the year before. 3 January 2019
Insurance
WR Berkley Corporation has made three senior appointments – two are internal promotions while it has also hired a senior executive from Chubb. 3 January 2019
News
AmTrust Financial Services has dropped Maiden Re as its quota share partner on its US small commercial business in favour of Swiss Re – though it said it will continue to work with the reinsurer on other business. 3 January 2019
News
A subsidiary of Randall & Quilter Investment Holdings (R&Q) has partnered with a UK managing general agent (MGA) to offer private motor and household insurance coverage. 3 January 2019
Insurance
Chubb European Group has confirmed it has redomiciled its businesses from London to France effective 1 January, consistent with its previously announced Brexit preparations. 3 January 2019
Insurance
Athora Holding has completed the acquisition of Generali Belgium, a Belgium-based insurer. The final consideration paid was approximately €540 million. The company will be rebranded to Athora Belgium prior to the end of the second quarter of 2019. 3 January 2019
News
Extratropical Cyclone Burglind, also known as Eleanor, which hit the UK and Europe in January 2018, will cost insurers some €756 million, according to insurance data company PERILS’ final loss estimate. 3 January 2019
Alternative Risk Transfer
Reinsurance placements at 1 January 2019 highlight a pricing gap between accounts with peak peril exposures or poor loss records and the rest, with many reinsurers placing emphasis on the quality of client counterparties, according to the latest 1st View renewals report from Willis Re. 2 January 2019
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