News

Insurance

AXA raises $3.2bn from pre-IPO restructuring to finance XL acquisition

French insurer AXA has received $3.2 billion following the completion of its reorganisation transactions ahead of the planned initial public offering (IPO) of its US operations.   26 April 2018

Alternative Risk Transfer

No stopping for ILS, cat bonds growth

2017 was a record breaking year for cat bond issuance. Gary Harris and Brad Adderley from legal firm Appleby take a look back at what was a year to remember.   25 April 2018

Insurance

Blockchain opportunities come with risks attached: Fitch

Blockchain has the potential to become a game-changing technology for the insurance industry over the long term, but there are also risks, according to Fitch Ratings.   25 April 2018

Insurance

LMA report finds widespread use of cyber exclusions in many classes

Malicious and/or non-malicious cyber incidents are excluded in most classes of business covering physical damage losses, according to a report by the Lloyd’s Market Association (LMA) called ‘Cyber Risks & Exposures Model Clauses: Class of Business Review’, which reviews by class non-affirmative and affirmative coverage and commonly used exclusions.   23 April 2018

Insurance

Sedgwick unveils new UK leadership following Cunningham takeover

Technology-driven risk solutions provider Sedgwick has appointed Ian Muress, Stewart Steel and Paul White to leadership roles for its combined business operations in the UK.   23 April 2018

Insurance

TMK forms strategic alliance with Australian insurtech Evari

Tokio Marine Kiln (TMK) has entered into a strategic alliance with Australian insurtech firm Evari.   23 April 2018

Insurance

Alesco poaches Willis broker to chair construction unit

Specialist broker Alesco Risk Management Services has hired Willis' Martin Hiller as chairman of its UK construction team.   23 April 2018

Insurance

MGAA sets up dedicated group to target innovation in MGA sector

The Managing General Agents’ Association (MGAA) has established a dedicated group to drive innovation and greater collaboration in the MGA sector.   23 April 2018

Insurance

XL Catlin first to bind political risk policy on London Market PPL

XL Catlin has started trading on the London Market’s electronic placement platform PPL, becoming the first insurer to bind a political risk policy.   23 April 2018

Insurance

Castel makes Weald Risk a standalone business

Castel Underwriting Agencies, a managing general agent (MGA) formation platform, has promoted Weald Risk Partners from a division within the Castel Specialty portfolio to a standalone underwriting cell.   23 April 2018

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