Munich Re names global CFO of insurtech unit Digital Partners
Munich Re has appointed Angela Homm as global CFO of its subsidiary Digital Partners, which was established by the German reinsurer in 2016 to explore insurtech opportunities and partner with the industry disruptors.
Marsh appoints UK financial and professional practice leader
Insurance broker Marsh has appointed Paul Denny as UK financial and professional practice (FINPRO) leader.
Liberty taps senior AXA exec for fine art, specie Germany launch
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, is to begin underwriting fine art and specie in Germany with the appointment of Ulrike Janvier as senior underwriter.
Airline premium, rates on the rise
Airline premium and rates ended 2017 higher than the preceding year for the first time in a decade and the underlying conditions continue to support higher premium and rates in 2018, says David Godley, founder partner of Altitude Risk Partners, a specialist aviation and space underwriting agency.
Motor premiums decline in the UK
A reduction in UK motor insurance premiums is underway as insurers anticipate reforms to curb whiplash claims and reduce lump-sum payments for long-term care costs and lost earnings, according to Fitch Ratings.
Hurricane Irma claims reach $8.6bn in Florida
Claims from hurricane Irma which struck Florida in September 2018 have reached $8.6 billion in the state, according to the Florida Office of Insurance Regulation.
Insurance broker M&A activity declines in North America
The insurance broker merger and acquisition (M&A) activity has declined in North America in the first quarter of 2018, according to investment bank Optis Partners.
Lloyd’s coverholder Meteo launches river parametric insurance offering
Lloyd’s coverholder Meteo Protect has launched a new weather insurance product designed specifically to compensate for the losses incurred by river cruise boats and riverside businesses as a result of flooding.
AXA significantly outbid competitors in $15.3bn XL takeover
Bermuda-based property/casualty commercial lines re/insurer XL Group received other potential bids before sealing the deal with AXA, which agreed to pay significantly more than other suitors.
Brockwell completes London team with former Allied World/AIG execs
Lloyd’s coverholder Brockwell Capital has completed its London team with the addition of two senior underwriters Andrew Graham and Alec Goodair.
