Insurers understand they need to embrace intelligent automation
e2Value talks about its web-based property valuation tool that leverages both intelligent automation and AI, as CEO Todd Rissel tells Intelligent Insurer.
Generali sells €540m Belgian unit to Athora
Italian insurer Generali is selling its entire stake in its Belgium-based subsidiary, primarily focused on the life segment, for a cash consideration of €540 million.
Former PICC president reportedly pleads guilty in $1.4m bribe case
Wang Yincheng, former president of the state-owned People's Insurance Company of China (PICC), has pleaded guilty in a trial on the charge of accepting bribes, according to an April 16 report by the country’s official press agency Xinhua.
Arch secures $375m ILS reinsurance for mortgage risk
Arch Capital Group’s US mortgage insurance operation Arch Mortgage Insurance Company (Arch MI) secured $374,460,000 of indemnity reinsurance from Bellemeade Re 2018-1, a special purpose insurer.
Insurtech Envelop Risk appoints CUO from Hannover Re
London-based Envelop Risk, a newly-launched global specialty cyber insurance analytics and underwriting firm, has appointed Aritra Chatterjee as its chief underwriting officer.
San Francisco M7.0 earthquake would damage more than a million homes
A hypothetical magnitude 7.0 earthquake epicentered in Oakland would damage more than a million homes and less than 10 percent of total residential losses would be insured because of a low residential earthquake insurance take-up in the Bay Area, according to a scenario developed by the US Geological Survey (USGS).
RLI had ‘excellent start in 2018’, says CEO
US specialty insurer RLI is “off to an excellent start in 2018” with a 91 combined ratio and continued strong organic growth across much of the product portfolio, CEO Jonathan Michael commented the first quarter 2018 results.
Lloyd’s Faraday syndicate backs new construction offering by Ensurance
Ensurance, a construction and engineering managing general agency (MGA) and Lloyd’s coverholder, has launched a combined construction liability product, backed by Faraday Syndicate 435 at Lloyd’s.
AXIS hires reinsurance CUO from AIG
AXIS Re, the reinsurance arm of Bermuda-based AXIS Capital Holdings, has appointed AIG's Megan Thomas as chief underwriting officer, responsible for product and portfolio management within AXIS Re.
CNA Hardy gets Malaysia licence for Asia expansion
Specialist commercial insurer CNA Hardy has gained authorisation to set up operations in Labuan, Malaysia, expanding its presence in Asia.
