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.
Insurance broker Marsh has appointed Paul Denny as UK financial and professional practice (FINPRO) leader.
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 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.
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.
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.
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 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.
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.
Lloyd’s coverholder Brockwell Capital has completed its London team with the addition of two senior underwriters Andrew Graham and Alec Goodair.