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Moody’s: insurers ‘will face a one-off hit to earnings’ after UK Ogden rate review

UK15-07-2019Insurance news, Reinsurance News

Moody’s Investors Service has warned that the Ogden discount rate of minus 0.25 percent, revealed today by the UK’s Lord Chancellor, will mean a “one-off hit to earnings” for reinsurers that have been working to expectations of a new rate between zero and 1 percent.

Convex partners with insurtech Cytora for AI-powered commercial underwriting solution

Bermuda, UK15-07-2019Insurance news, Reinsurance News, Specialty, Technology News

Stephen Catlin and Paul Brand's newly launched specialty re/insurer Convex Group has partnered with UK-based insurtech Cytora to develop artificial intelligence-powered solutions for the commercial insurance industry.

Brokerslink reveals network expansion in Middle East and Africa

Africa, MENA, Middle East15-07-2019Insurance news, Reinsurance News

Brokerslink, a global network of independent brokers, has added three new affiliates to further expand its presence in the Middle East and Africa region.

AIG hires Accenture expert to develop a robust cyber security strategy

UK15-07-2019Insurance news, Reinsurance News, Technology News

American International Group (AIG) has appointed Tom Parker as deputy chief information security officer, responsible for developing and leading the execution of AIG’s global cybersecurity risk management strategies.

Everest appoints global head of fine art and specie from Charles Taylor

Bermuda15-07-2019Insurance news, Reinsurance News, Specialty

Bermuda-based Everest Re Group, has appointed Joshila Tailor as the global head of fine art and specie for Everest Insurance International, which includes Everest Insurance Ireland and Lloyd’s Syndicate 2786.

UK insurers ‘hugely disappointed’ as Ogden discount rate set at minus 0.25%

UK15-07-2019Insurance news, Reinsurance News

UK insurers will be “hugely disappointed” as the injury damages rate, the Ogden discount rate, was set at minus 0.25 percent today to come into force on August 5, 2019.

Risk trading insurtech AkinovA unveils Series B investment round to fuel expansion

North America15-07-2019Insurance news, Reinsurance News, Technology News

AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has launched a Series B investment round to fuel its expansion plans.

Hurricane Barry downgraded amid flooding, property damage and power outages

North America15-07-2019Insurance news, Reinsurance News

Flooding hit Louisiana and parts of Mississippi on Sunday 14 July after Hurricane Barry came ashore on Saturday 13 July bringing intense rain.

Mercer strikes five-year longevity risk partnership with Club Vita

North America15-07-2019Insurance news, Reinsurance News

Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies, has entered into a five-year partnership with longevity analytics firm Club Vita.

Moody's withdraws financial strength rating of Genworth Australia

Australia15-07-2019Insurance news, Reinsurance News

Rating agency Moody's has withdrawn the Baa1 insurance financial strength rating of Genworth Financial Mortgage Insurance (Genworth Australia) due to "insufficient information".

Showing 1 to 10 of 8177 results

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