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ILS investors, funds, buyers all now regard ILS as mainstream: Willis report
End investors, ILS funds, and buyers – the three groups active in ILS – have predominantly weathered 2017 loss activity with a view that reinsurance products backed by ‘alternative’ capital have become mainstream, according to a new Global ILS Market Survey by Willis Towers Watson.
Miller to acquire London market broker Alston Gayler
Broker Miller will acquire Alston Gayler and Co, an independent London market re/insurance broker specialising in multiple lines of business, from Nelson Holdings.
Arch Insurance unveils new structure, key leadership changes
Bermuda-based re/insurer Arch Capital has unveiled key leadership changes while creating a new organisational structure dedicated to specific lines of business.
Allstate estimates $177m cat losses in September
US personal lines insurer Allstate Corporation has estimated catastrophe losses for the month of September 2018 at $177 million, pre-tax ($140 million after-tax).
AXIS hires ex-Allied World CFO for new global role
Bermuda-based re/insurer AXIS Capital has appointed the former chief financial officer (CFO) of Allied World to a new position of global corporate controller.
UK insurtech Skyline to launch weather insurance in India; secures funding
London-based insurtech start-up Skyline Partners, a provider of tech-powered weather insurance solutions, has secured funding from MGA innovation hub OneAdvent to grow its business.
Canopius eyes Asia Pacific expansion with key hires
Specialty re/insurer Canopius has revealed a series of key appointments to expand its business across the Asia Pacific region.
Aon unveils details of new units
Aon’s Reinsurance Solutions business will reveal more details of two new units this week: one focused on de-risking public sector bodies and a new capital advisory unit. Nick Frankland, UK chief executive, discloses more to Baden-Baden Today.
Use of blockchain may overcome trust issues
The use of blockchain may help to overcome issues of trust between parties where there is a potential conflict of interest, and its use may even command a higher premium on contracts where the payment of a claim is automated, Magdalena Ramada Sarasola, senior economist at Willis Towers Watson, suggested to Baden-Baden Today.
Mapfre Re to expand range & remit
A restructure within the Mapfre Group will allow reinsurance unit Mapfre Re to expand its range of products and remit, Eduardo Perez de Lema, chief executive officer and chairman of the management committee of Mapfre Re, told Baden-Baden Today.
