News
Insurance
Texas-based US Risk Insurance Group, a specialty lines underwriting manager and property/casualty wholesale broker, has entered into a definitive agreement to be acquired by USI Insurance Services, a insurance brokerage and consulting firm. 14 February 2019
Alternative Risk Transfer
The growth of the insurance linked securities (ILS) markets could be good for the insurance industry as a whole but some concerns remain around the risk modelling used by these deals and standardisation of documentation in the market could be improved. 6 March 2014
Insurance
Caribbean catastrophe facility CCRIF said on Oct. 30 that it is paying out $7.0 million to Trinidad & Tobago from its excess rainfall policy following a period of heavy rainfall between Oct. 18 and Oct. 20, 2017. 31 October 2017
Insurance
Re/insurance broker Aon has launched an IFRS 17 (International Financial Reporting Standard) solution on its capital modelling platform to help insurers fulfil their reporting obligations. 8 July 2019
Insurance
Insurance veteran Stephen Catlin and Paul Brand's newly launched specialty re/insurer Convex Group has signed a long-term strategic contract with WNS Holdings to build what it describes as a first-of-its-kind, integrated "Platform + BPM (business process management) as-a-service” proposition across industry horizontals, including support services relating to operations for insurance, reinsurance, claims, finance and human resource. 8 July 2019
Insurance
US-based data and analytics firm Zendrive has raised $37 million in its Series B funding led by AXA XL's insurtech venture capital fund XL Innovate. 22 August 2019
Insurance
Aon has named Lambros Lambrou, a 30-year veteran at the re/insurance broker, as new global CEO of commercial risk solutions. 11 February 2019
Insurance
AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings, has expanded its strategic partners business with the appointment of Daniel Osterrieder as strategic account executive for North America. 7 February 2019
Insurance
Tokio Marine Group is transferring its existing portfolio of policies written out of Continental European operations to its newly established subsidiary Tokio Marine Europe (TME) in Luxembourg in preparation for Brexit. 19 November 2018
Insurance
Broker Miller will acquire Alston Gayler and Co, an independent London market re/insurance broker specialising in multiple lines of business, from Nelson Holdings. 22 October 2018
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