News

Insurance

California Montecito mudslide claims top $421m

The Montecito mudslide in California in January 2018 has caused over 2,000 insurance claims totalling more than $421 million, according to insurance commissioner Dave Jones.   3 April 2018

Insurance

Fidelis appoints senior underwriter from Zurich

Bermuda-based Fidelis Insurance has hired Alison Clarke to join its London underwriting team as senior underwriter.   3 April 2018

Insurance

SCOR appoints deputy CEO of global P&C replacing Gentsch

French reinsurer SCOR has appointed Laurent Rousseau as deputy CEO of SCOR Global P&C effective April 1, 2018, replacing Benjamin Gentsch.   29 March 2018

Insurance

Blockchain-based B3i incorporates in Zurich ahead of funding round

The founders of the Blockchain Insurance Industry Initiative (B3i) have launched B3i Services in Zurich, Switzerland.   26 March 2018

Insurance

SCOR CEO: AI is a game changer for the sector

Developments in artificial intelligence (AI) and data collection stand to completely alter the asymmetry of information between insurers and insureds, representing a game changer for the re/insurance sector, SCOR CEO Denis Kessler suggested in an article.   22 March 2018

Insurance

UK extends Pool Re terror cover

The UK government is extending the terrorism cover offered by Pool Re to include non-damage business losses resulting from acts of terrorism.   22 March 2018

Insurance

Beazley CUO to step down at year-end; successor revealed

Specialist insurer Beazley's chief underwriting officer (CUO) Neil Maidment is retiring at the end of the year. He will also step down from the company's board at the same time.   22 March 2018

Insurance

Validus and Eagle Ocean partner over US vessel cover

The marine and upstream energy insurance team of Validus Specialty Underwriting Services has partnered with Eagle Ocean America to launch a new cover for US vessel operators.   22 March 2018

Insurance

China reveals head of merged insurance regulator

Chinese financial heavyweight Guo Shuqing has been appointed head of the country’s newly merged regulator for the banking and insurance sectors, Reuters reported citing an online article by Financial News, the official newspaper of the central bank.   22 March 2018

Insurance

Ocean Re opens Mexico office; names head

Ocean International Reinsurance Company (Ocean Re) is expanding in the Mexican re/insurance market with a new office to be headed by Rebeca Pena.   22 March 2018

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