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Canopius partners with AI insurtech Arturo on deep-learning property analytics

North America13-08-2019Insurance news, Reinsurance News, Specialty

Specialty re/insurer Canopius has partnered with artificial intelligence (AI) and deep-learning property analytics start-up Arturo.

FedNat agrees cooperation deal with activist investor Capital Returns

North America13-08-2019Insurance news, Reinsurance News

US insurer FedNat has entered into a "cooperation agreement" with its third largest shareholder Capital Returns Management in response to legal proceedings filed by the activist investor, and agreed to add two new directors to its board as part of the deal.

AXA XL hires Zurich exec to grow large property insurance business

Canada13-08-2019Insurance news, Reinsurance News

Re/insurer AXA XL has added Jennifer Arezes as new senior underwriter to its property insurance team in Canada.

Cincinnati Financial expands board with appointment of independent director

North America13-08-2019Insurance news, Reinsurance News

Cincinnati Financial Corporation has expanded its board of directors to 15 with the appointment of Jill Meyer as an independent director and a member of its audit committee.

Rothesay Life agrees £520m buy-in with Cadbury Mondelēz Pension Fund

UK12-08-2019Insurance news, Reinsurance News

UK-based life insurer Rothesay Life has insured £520 million of defined benefit liabilities for the Cadbury Mondelēz Pension Fund.

TransRe shuffles regional leadership in growth push; names new London, Asia CEOs

Global12-08-2019Insurance news, Reinsurance News

The reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation has unveiled several changes to its regional leadership teams and its global business development function. TransRe said the changes are designed to better position the company to take advantage of current and future market opportunities.

Allianz appoints Alastair Warren-Upham as new London markets manager

London Market, UK12-08-2019Insurance news, Reinsurance News

Allianz Insurance has appointed Alastair Warren-Upham as new London markets manager, following the retirement of Martyn Davenport.

Perils lifts Queensland, Townsville 2019 flood loss estimate to A$1.2bn

Australia12-08-2019Insurance news, Reinsurance News

Insured loss estimates for the northern Queensland and Townsville flooding from 26 January to 10 February 2019 have reached A$1.217 billion ($822 million), according to Perils' third estimate published today.

Talanx raises 2019 profit forecast as H1 benefits from €50m 'extraordinary income' despite large losses

Europe12-08-2019Insurance news, Reinsurance News

German re/insurer Talanx Group, the parent company of Hannover Re and HDI, has raised its full-year 2019 profit forecast on the back of "strong business performance" and an "extraordinary income" in the first half of the year that also saw an improvement in the industrial lines division. However, its underwriting results further declined in the second quarter of 2019 due to Typhoon Jebi loss creep.

Lockton hires Aon's William Barber to lead global healthcare liability offering

Global12-08-2019Insurance news, Reinsurance News

Re/insurance broker Lockton has hired William Barber to lead its international healthcare strategy, which forms part of its professional and financial services offering.

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