S&P Global Ratings said the less generous than expected minus 0.25 percent Ogden discount rate announced yesterday is ‘just a bump in the road’ for UK motor insurers.
Hudson Structured Capital Management (HSCM Bermuda) has led the Series B funding round of insurtech RiskGenius, which provides software-based natural language processing tools for improving the quality and accuracy of insurance policies.
Specialist captive managing general agent (MGA) International Re (I–RE) has launched a re/insurance solution for mid-sized captives with the establishment of I–RE SA.
Munich Re has hired Kyungsuk Lee as new head of life and health business in Korea. He was most recently CFO at Chubb Life Korea Insurance and has worked for direct insurance companies in the US and Korea for over 15 years.
Florida-based property/casualty broker AssuredPartners has acquired Birmingham-based risk management and insurance broking firm Hettle Andrews & Associates.
Louisiana-headquartered Fidelis Group Holdings (FGH) has hired Mark Taylor as senior manager of its claims division.
The Ethiopian Airlines crash on the 10 March 2019, and the subsequent worldwide grounding of the Boeing 737 Max fleet, “could cost aviation insurers over $1bn combined”, the broker AJ Gallagher has estimated.
European legacy acquirer DARAG Group has entered into a retrospective quota share reinsurance agreement with Scandinavian insurance company Protector Forsikring.
Apollo Syndicate Management, an independent specialist re/insurer at Lloyd’s, has appointed Nick Burkinshaw to the newly-created board level position of chief underwriting officer (CUO).
Insurance brokerage and risk management firm Arthur J Gallagher has named Nick Burns as new chief executive officer (CEO) of its employee benefits consulting division in the UK.