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.
French reinsurer SCOR has made a strategic investment in California-based health data start-up HumanAPI.
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, a global network of independent brokers, has recruited a new regional manager for Europe to grow its business on the continent.
Specialist re/insurance broker THB Group has appointed Kay Smith as group chief financial officer, replacing Rob Wilkinson, who will become commercial director.
Bermuda-based Arch Capital Group has appointed Janice Englesbe as senior vice president and chief risk officer (CRO).
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.
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 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 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.