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Insurance
QBE to invest A$50m in insurtech companies
Australia’s QBE Insurance Group plans to invest up to A$50 million ($37 million) in insurtech companies in 2017, according to AM Best’s May 16 Asia-Pacific Weekly.   16 May 2017
Insurance
New data breach reporting legislation deemed cyber game changer in Australia
Australia’s business landscape will be transformed under new mandatory reporting legislation for data breaches which will take cyber security from the IT department to the boardroom, according to a white paper released by QBE Insurance.   16 May 2017
News
Soft reinsurance market won’t turn in 2017: Fitch
Premium rates are set to further decline in reinsurance throughout 2017 due to overcapacity and sluggish demand, according to Fitch Ratings.   16 May 2017
Insurance
Starr Companies hires duo to spearhead expansion
Insurance firm Starr Companies has appointed Danielle Wilson as head of management liability, and Robert McTaggart as head of professional indemnity.   16 May 2017
Insurance
RLI promotes chief financial officer
RLI, a specialty insurer serving property/casualty and surety markets, has promoted Thomas Brown to the position of senior vice president, chief financial officer.   16 May 2017
Insurance
AmTrust Q1 profit hit by cat losses, adverse reserve development
US specialty property/casualty insurance provider AmTrust Financial Services has seen its net profit plummet in the first quarter of 2017 due to natural catastrophes and prior year adverse development.   9 May 2017
Insurance
Towergate to merge with Ryan Direct, Chase Templeton, Autonet
Towergate owners HPS Investment Partners (HPS) and Madison Dearborn Partners (MDP) plan to bring together their UK regional network of businesses, which also includes independent van insurance broker Autonet, private medical insurance brokerage provider Chase Templeton and insurance solutions Ryan Direct Group.   9 May 2017
Insurance
Willis Towers Watson appoints Integro exec as Midwest leader
Broker Willis Towers Watson has appointed Thomas Zacharopoulos as Midwest leader for its Financial Institutions Industry group.   9 May 2017
Insurance
Legal & General poaches former AXA head of regional broker
Life and general insurance provider Legal & General (L&G) has appointed Carol Hughes to the role of head of regional broker within its general insurance division.   9 May 2017
Insurance
Indian regulator forms reinsurance expert committee
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a reinsurance expert committee to review the current regulatory framework for the market.   9 May 2017

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