Autonomous cars will shake insurance market to its core
The world of insurance—and the wider world beyond that—will be changed by the advent of the driverless or autonomous car, according to Vincent Branch, chief executive of Accelerate at AXA XL.
Marsh gets US antitrust approval for JLT acquisition
US-based Marsh & McLennan Companies (MMC) has received the approval of the Federal Trade Commission to acquire UK-based Jardine Lloyd Thompson Group (JLT).
Talanx warns of industrial lines losses
Talanx experienced a large-loss burden in industrial lines between January and September 2018 of more than €260 million which is expected to have exceeded the large loss budget for the entire year.
FedNat expects $275m loss from hurricane Michael
FedNat Holding Company estimates that its aggregate gross losses as a result of hurricane Michael will be approximately $275 million, the bulk of which will be covered by reinsurance.
AXIS Re taps Thomas Miller COO for global role
AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings, has appointed Ann Haugh as president of its global markets division, based in London, and Rob Smart as the head of Specialty Re.
Hurricane Michael insured losses at up to $10bn: AIR Worldwide
Industry insured losses resulting from hurricane Michael’s winds and storm surge will range from $6 billion to $10 billion, according to estimates by catastrophe risk modelling firm AIR Worldwide.
Blockchain will change how people look at data
Blockchain will lead to new risk assessment models and a new way of looking at data, according to Magdalena Ramada Sarasola, director, insurance consulting and technology, at Willis Towers Watson.
US P&C insurers double profits in H1
Private US property/casualty (P&C) insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, according to Verisk’s ISO and the Property Casualty Insurers Association of America (PCI).
JLT boosts facultative expertise with senior Starr hire
JLT Group has hired a senior executive from Starr to expand its facultative business in North America, based in JLT Fac’s New York office.
RFIB swoops for Willis talent for Asian expansion
Lloyd's re/insurance broker RFIB Group has appointed Simon McCrum as managing director of Asia Pacific, based in RFIB’s Singapore office that was launched in October last year.
