Hong Kong-based global reinsurer Peak Re has reported its sixth consecutive year of stable growth in 2018 despite what it called a “challenging environment”.
Loss estimates for the northern Queensland and Townsville flooding earlier this year have topped A$1.04 billion (US$727,887) according to Perils second estimate published today.
Former JLT Re chairman Ross Howard is to retire from his new role at reinsurance broker Guy Carpenter after more than 40 years of leadership in the reinsurance business.
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Gavin Coley to the role of claims manager for energy, property and construction (EPC).
Specialist insurance and reinsurance market Lloyd’s is investing in artificial intelligence start-up Layr, a cloud-based commercial insurance platform for small businesses, following the launch of its second cohort of insurtech innovators.
The first quarter of 2019 witnessed the highest number of insurtech investments, with 85 deals attracting a total value of $1.42 billion, according to the latest report by Willis Towers Watson.
RSA Insurance Group is launching five industry practices within its UK & International (UK&I) global risk solutions business to drive "strong profitable growth" in the areas it sees tremendous opportunity.
Allianz Global Corporate & Specialty (AGCS) has made key leadership changes targeting expansion in the alternative risk transfer (ART) space. The move follows the division of ART line of business into two specialist teams.
Arcus Syndicate 1856, which is managed by Barbican Managing Agency, has appointed Nick James as underwriting manager for North America property treaty.
Moody’s rating agency views the Lloyd's of London’s modernisation plan as “credit positive” for its proposals to cut costs and increase its digital services. But it warned that delivery of the plan was subject to a “high degree of execution risk” as it required a major overhaul of the culture and huge investment.