Challenges of internal models
As Solvency II-based capital regimes further impact internal capital models, greater clarity around a company’s view of risk is becoming more important, but optimising model infrastructures is often limited by platform inflexibility, computational power and cumbersome approval processes, according to three executives from Guy Carpenter who debated this issue.
Fidelis launches in Ireland with execs from XL, PartnerRe, AXIS, Hiscox
Bermuda-based Fidelis Insurance Holdings has revealed plans to establish a re/insurer in Ireland, which it said will allow it to take advantage of opportunities in the European Economic Area.
Swiss Re reveals new UK & Ireland CEO
Swiss Re has appointed Tavaziva Madzinga as new chief executive officer (CEO) of UK & Ireland (UKI), succeeding Frank O'Neill who left the reinsurer in September.
Talanx outlines ambitious plans, will consolidate reinsurance programme
The Talanx Group, which owns Hannover Re, has outlined ambitious targets for 2019 and beyond – one way it plans to achieve these is by consolidating its reinsurance buying programme.
Pickel to succeed Wallin as E+S Rück CEO
Hannover Re Group has revealed that Michael Pickel will succeed Ulrich Wallin as chief executive officer (CEO) of its German reinsurance subsidiary E+S Rück.
AXA to sell Ukrainian operations to Fairfax
French insurer AXA is planning to all its insurance operations in Ukraine and exit the Ukrainian market.
Generali buys Polish asset manager Union Investment TFI
Italian insurer Generali will acquire Polish asset management company Union Investment TFI from the German Group Union Asset Management Holding to bolster its presence in central and eastern Europe (CEE).
Hyperion unveils new insurtech unit; names new RKH CEO
Intermediary Hyperion Insurance Group will establish a new technology-focused business that will manage the group's third-party insurtech investments, as well as incubate its own start-up ventures.
Liberty Mutual places Lloyd's carrier Pembroke under "strategic review"
Property/casualty insurer Liberty Mutual Insurance is undertaking a strategic review of its London-based Pembroke Managing Agency, which came into its portfolio when it acquired lronshore in May 2017.
Insurtech Azur raises £13.3m to target new products and markets
Azur, a managing digital agent (MGA), has completed its series B funding round, raising £13.3m of funding and support from AIG, Ascot Group (owned by CPPIB, the Canada Pension Plan Investment Board), Hyperion Insurance Group and the serial fintech angel and entrepreneur Richard Little.
