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Munich Re seeks 'digital transformation' with Coupa partnership

Europe21-02-2019Insurance news, Reinsurance News, Technology News

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.

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

Europe21-02-2019Insurance news, Reinsurance News

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

Apax sells AssuredPartners to original owner GTCR Group

UK21-02-2019Insurance news, Reinsurance News

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.

Brokerslink consolidates European presence with ex-AIG hire

Europe21-02-2019Insurance news, Reinsurance News

Brokerslink, a global network of independent brokers, has recruited a new regional manager for Europe to grow its business on the continent.

THB hires CFO from Gallagher and names chair

UK21-02-2019Insurance news, Reinsurance News

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

Arch hires chief risk officer from Gen Re

Bermuda21-02-2019Insurance news, Reinsurance News

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

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

Europe21-02-2019Insurance news, Reinsurance News

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.

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

North America21-02-2019Insurance news, Reinsurance News

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.

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

UK21-02-2019Insurance news, Reinsurance News, Technology News

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.

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

North America21-02-2019Insurance news, Reinsurance News

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.

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