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Talanx, Hannover Re change underwriting policies for coal-based risks

Europe, Global18-04-2019Insurance news, Reinsurance News, Specialty

Germany-based Talanx Group and Hannover Re have tightened their underwriting policies to reduce reinsurance cover for coal-based risks.

Munich Re Syndicate targets Asia expansion with Nectar partnership

Asia Pacific, Singapore18-04-2019Insurance news, Reinsurance News, Specialty

The Asia Pacific arm of Munich Re Syndicate, a marine and specialty insurance underwriter at Lloyd’s, has partnered with Singapore-based coverholder Nectar Specialty Risk to expand its distribution and middle-market business in the region.

POP partners with AI insurtech Fractal on M&A insurance offering

Asia Pacific, Australia, North America18-04-2019Insurance news, Reinsurance News, Specialty

Australia-based specialist insurer POP Insurance Holdings and its MGA subsidiary Fusion Specialty Insurance have partnered with Fractal Industries, an artificial intelligence (AI) and insurtech software provider.

Generali appoints Martorana as new CEO of asset management arm GIAM

Europe18-04-2019Insurance news

Italian insurer Generali has appointed Francesco Martorana as the new chief executive officer of its asset management arm Generali Insurance Asset Management SpA (GIAM).

Australian 2018 hailstorm insurance losses rise again to A$1.2bn, says ICA

Australia18-04-2019Insurance news

Insurance losses from a hailstorm that hit suburban Sydney and regional communities in New South Wales on 20 December 2018 have grown to A$1.271 billion (US$915 million), the latest figures from the Insurance Council of Australia (ICA) have revealed.

AmTrust at Lloyd's and Canopius sign merger agreement

London Market, UK18-04-2019Insurance news, Reinsurance News, Specialty

Specialty re/insurer Canopius has signed a definitive agreement to merge its Lloyd’s business with AmTrust at Lloyd’s, a division of AmTrust Financial.

SCOR grows P&C reinsurance at April 2019 renewals; expects favourable market conditions

Europe, Global18-04-2019Insurance news, Reinsurance News

French reinsurer SCOR grew its global property and casualty (P&C) gross written premiums by 9.6 percent at constant exchange rates at the April 2019 renewals to €548 million.

Liberty promotes Silvestre to deputy manager for France

Europe, France18-04-2019Insurance news, Reinsurance News, Specialty

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Emmanuel Silvestre to deputy general manager of its French operation.

Perils estimates €740m insurance losses from ‘Dragi-Eberhard’ storms

Europe, France, Germany, Switzerland, UK18-04-2019Insurance news, Property cat

Property insurance losses for the ‘Dragi-Eberhard’ winter storms that swept through Europe in March 2019 are initially estimated to be €740m, according to Perils, the Zurich-based data provider.

Swiss Re chair ‘optimistic’ as shareholders back all 2019 AGM board proposals

Global, Switzerland17-04-2019Reinsurance News

Swiss Re shareholders approved a new public share buy-back programme worth up to $1.97 billion (CHF 2 billion) in purchase value at the reinsurer’s AGM today (17 April) in Zurich.

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